Mergers & Acquisitions - 10 Minutes News for Hoteliers - Page 36

1 min

Keswick’s Highfield Hotel sold to local investor for £1.8m

💸 The Highfield Hotel and Restaurant in Keswick has been acquired by a local investor for £1.8 million. The 18-bedroom property, located on The Heads, was sold on behalf of Caroline Speck and the estate of the late Howard Speck. The new owner plans a major refurbishment, expected to take six months. Originally acquired by the Speck family in 2004, they are divesting to focus on other ventures. The sale was managed by Haydn Spedding from Colliers Manchester.

Prism Acquires 10 Sonder Properties to Bring Belvilla Brand to U.S.: Exclusive

🏠 Belvilla, a European vacation rental company owned by Prism, has expanded into the U.S. by acquiring leases for 10 properties during Sonder's bankruptcy proceedings. Three properties are operational: The Dutch and Court Square in Long Island City, Queens, New York, and The Louie Hotel in New Orleans. These operate under Belvilla’s upscale brand, Belvilla District 6. U.S. bookings aren't on Belvilla's site yet but are available on Oyo's platform with "Belvilla District 6" rebranding.

2 min

JLL Arranges Sale of The Westin Savannah Harbor Golf Resort & Spa

🏠 JLL's Hotels & Hospitality Group announced the sale of The Westin Savannah Harbor Golf Resort & Spa in Savannah, Georgia, to Hersha Hotels and Resorts. The resort features 403 guestrooms, over 51,800 square feet of meeting venues, and various amenities including an 18-hole golf course. Savannah benefits from economic growth with the opening of Hyundai's $7.6 billion Metaplant in March 2025, creating 14,000 jobs. The sale marks JLL's third transaction of the asset in 10 years.

1 min

Mannings Hotel & Apartments in Cornwall brought to market for £3m

🏨 Mannings Hotel and Apartments in Truro, Cornwall, is on the market for £3 million. Established in a Grade II listed Georgian townhouse, it features 34 rooms and a 70-cover restaurant with an AA Rosette. Since 1993, the owner expanded it in 2003 by adding nine self-catering apartments. The current owner is retiring, and Stephen Champion from Christie and Co is handling the sale. The property offers redevelopment potential within its private gated car park.

Gencom Affiliate Reacquires Majority Interest in The Ritz-Carlton Coconut Grove in Miami

25 February 2026

🏨 February 25, 2026, Miami, Florida: Gencom, a Miami-based firm, reacquires a majority stake in The Ritz-Carlton Coconut Grove, a 115-key hotel initially acquired in 2011. Banco Inbursa financed the transaction. The hotel, opened in 2002 and last renovated in 2018, features 30,000 sq. ft. of meeting space. Miami's Coconut Grove, a thriving district with luxury condos and revitalized Cocowalk, continues to attract residents and businesses. Gencom's Miami holdings affirm its commitment to the city's growth.

3 min

Hersha Hotels acquires Westin Savannah Harbor

🏨 Hersha Hotels and Resorts acquired The Westin Savannah Harbor Golf Resort & Spa in Georgia. The 403-room urban resort is adjacent to the Savannah Convention Center, which expanded in April 2025 for $276 million, doubling its footprint to 660,000 sq. ft. Savannah sees economic growth with Hyundai’s $7.6 billion plant opening in March 2025, adding 14,000 jobs. The resort offers extensive amenities, including an 18-hole golf course and meeting spaces, attracting leisure and corporate travel.

Ashford Hospitality Trust Provides Updates on Multiple Hotel Transactions

💰 Ashford Hospitality Trust plans to sell La Posada de Santa Fe Resort & Spa (157 rooms) for $57.5 million and Hilton St. Petersburg Bayfront (333 rooms) for $96 million, with both deals closing in March 2026. It recently sold two Embassy Suites hotels, totaling 300 rooms, for $27 million. These four sales will enhance cash flow by over $2 million annually and save $55.5 million in capital expenditures.

2 min

Isle of Skye hotel brought to market with £1.45m guide price

🏨 Uig Hotel on the Isle of Skye is for sale at £1.45m, managed by Stirling-based Drysdale and Company. The property includes 19 ensuite rooms, a lounge bar for 34, and a 42-seat restaurant. The site spans 2.75 acres with an 11-room hotel building and an 8-room lodge. Renovations included a new kitchen and furnishings in 2023. The hotel, a popular spot for tourists, is closed on Christmas, New Year, and January.

1 min

Two Arora Group hotel developments brought to market for £6m

🏨 Two Arora Group-owned hotel development sites in Birmingham and Glasgow city centers are on the market for a combined price of £6 million. The Birmingham site, priced at £2 million, has planning approval for a 227-bedroom hotel. The Glasgow site is listed for £4 million and includes planning for a 276-bedroom hotel near Glasgow Queen Street station. Acquired in July 2025, these non-core assets offer potential for alternative development.

1 min

The Sleeping Bear in Dorchester brought to market for £2.2m

🏨 The Sleeping Bear Hotel in Dorchester is on the market for £2.2 million, featuring 29 rooms on High West Street in Dorset. This 19th-century hotel offers unique period features and access to the Jurassic Coast, England's only natural World Heritage Site. Buyers may continue with the Sleeping Bear Hotels brand via a franchise or management contract. James Williamson of Graham and Sibbald highlights the opportunity for both seasoned and new property investors.

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