Mergers & Acquisitions

💰 Newmark secured a $172.5 million loan for Related Ross to acquire The Ben, Autograph Collection, a 208-room luxury hotel in West Palm Beach, Florida. The loan was arranged by Jordan Roeschlaub and team from Nomura. The Ben, the city's only waterfront hotel, offers 18,475 sq. ft. of event space and a rooftop venue. By July 2025, RevPAR in West Palm Beach grew over 11% year-over-year, with a projected 6% increase by the end of 2025.

🏨 Travelodge and Toby Carvery site in Whitchurch, Cardiff, is on the market for over £6.25m. The 1.8-acre property, located on Ty’n-y-Parc Road, features a 52-room hotel, a 200-capacity restaurant, staff accommodation, and a car park. Christie and Co, managing the sale, highlight its investment potential with stable rental income and future development opportunities, subject to planning permission. Ideal for institutional funds and high net worth buyers.

🏨 Peregrine Hospitality acquired two Northern California properties: The Lodge at Tiburon and Toll House Hotel. The Lodge features 104 rooms, 10,000 sq ft of meeting space, and is near San Francisco attractions. Toll House Hotel, with 115 keys and 6,300 sq ft meeting space, was renovated in 2021 and is close to Los Gatos landmarks. Peregrine operates 57 hotels nationwide, targeting high-demand leisure and corporate markets year-round.

🏨 The Penmere Manor Hotel in Falmouth is up for sale at £2 million after 18 years under the Moore family. Built around 1825, the Grade II listed hotel encompasses 37 en suite rooms, a restaurant, bar, function facilities, a leisure club with a pool, gym, and sauna. Christie and Co manage the sale, suggesting growth potential in off-season occupancy and expanded events. Stephen Champion highlights its secluded yet central location, anticipating significant interest.

💰 PPHE Hotel Group plans to repurchase the freehold interest in Park Plaza London Waterloo. In June 2017, PPHE sold its interest for £161.5m with a 199-year lease and annual rent of £5.6m, now £7.3m. The buyback is set at £147.9m, with £136.5m from new debt. The transaction, expected to close soon, boosts strategic options and shields against rent increases, enhancing PPHE's capital recycling strategy.

🏨 Bowland Inns and Hotels reported a pre-tax loss of £1.04m for the year ending 31 May 2025. Revenues increased by 3% to £25.4m. Interest payments rose 18%, with one-off costs at £754k, including £329k in pre-opening expenses. Operating profits grew to £1.39m from £1.06m. The acquisition of Wennington Hall boosted turnover. Net assets were £17.28m. A £25m loan with Barclays was secured in October 2025. The focus is on consolidation and profitability amid rising costs.

🏨 At ALIS 2026, IHG Hotels & Resorts CEO Elie Maalouf highlighted the dependency of asset-light hotel companies, like IHG, on asset-heavy owners. Hotel owners face declining profitability due to rising expenses and high interest rates. Over five years, hotel REITs declined by -9.5%, while the S&P rose by 74% and lodging companies like Marriott and Hilton increased by over 110%. Marriott's Tony Capuano emphasized the need to address high expenses to support owner profitability.

🏖 Jalisco, Mexico, experiences significant hotel investment, with over $1 billion across 38 projects planned by 2028. Costalegre, a 150-mile Pacific coastline in Jalisco, attracts luxury brands despite its remote location and limited infrastructure. Key developments include Four Seasons Resort Tamarindo (opened 2022) and upcoming projects like Six Senses Xala and Chablé El Tezcalame, both slated for 2027. Costalegre's low-density approach values scarcity, long-term asset appreciation, and environmental conservation, contrasting with Guadalajara's rapid hotel growth.