Mergers & Acquisitions

📈 Kasa and Mint House have joined forces, integrating nearly 1,000 national units into Kasa's platform, including the iconic 70 Pine building in Lower Manhattan. This strategic move broadens Kasa’s reach across key U.S. markets—Washington, D.C., Dallas, Nashville, St. Petersburg, and Tampa. With this transaction, Kasa enhances operational efficiency and guest experience, leveraging its history of 35 successful transitions and commitment to high-tech, high-service hospitality. Mint House CEO Christian Lee joins Kasa as a Senior Advisor.

🏨 Kasa has strategically combined with Mint House, adding nearly 1,000 units from Mint House across the U.S. locations including New York's 70 Pine building, D.C., Dallas, Nashville, and more. This integration aims to enhance Kasa's flexible accommodations, supporting corporate and leisure guests. Kasa has completed 35 operational transitions and plans to implement efficient, technology-driven operations. Mint House CEO Christian Lee joins Kasa as a senior advisor, ensuring smooth integration and continuity.

🏨 Marcus & Millichap announced the sale of a 120-room Red Roof PLUS+ hotel in Houston, Texas. The property, built in 1995, is located near Interstate 10 and Highway 6. Skyler Cooper from Marcus & Millichap's Dallas office represented seller Park 10 Hospitality LLC and procured buyer Shree Avdhoot Krupa of Texas, LLC. The transaction was supported by Chris Gomes, Allan Miller, and Rajan Patel. Amenities include a fitness center, breakfast area, and guest laundry facilities.

🏨 An undisclosed hotel group acquired The Bush Hotel Farnham from Larchbay for £12 million. The historic hotel, dating back to 1618, is located in Surrey and features 95 bedrooms with plans for 35 more. Larchbay owned it for eight years, recently completing a refurbishment. Knight Frank and Simon Stevens Associates managed the sale. The acquisition highlights robust hotel investment activity as of 2026, with strong trading performance attracting significant buyer interest.

🏨 LQ Resorts has acquired Parkway Hotel and Spa in Cwmbran with a seven-figure loan from Development Bank of Wales. The 80-room hotel spans over seven acres and funding came from the Wales Tourism Investment Fund, which provides loans of £100,000 to £5m. LQ Resorts plans immediate upgrades, including gym equipment and bar refurbishments. Colin Jenno emphasized the hotel's family-run heritage, while Clare Sullivan praised LQ Resorts' high-end service reputation.

💸 JLL's Hotels & Hospitality Group arranged $167.7 million refinancing for a 15-property WoodSpring Suites portfolio in Michigan, Tennessee, North Carolina, and Florida. The loan includes $117.7 million initially, with a $50 million earn-out potential. Properties, totaling 1,829 keys, opened in the last 2-5 years. Whitman Peterson and Concord Hospitality lead the sponsorship. With extended-stay demand projected to grow by 5% annually, these assets are strategically positioned near key infrastructure and amenities.

📈 LondonMetric Property Plc acquired nine Premier Inn hotels for £89 million ($120 million USD) in a sale and leaseback deal with Whitbread PLC. The hotels are on 30-year leases with a 5.3% net initial yield, generating £5 million in annual rent, with CPI-linked reviews every five years. Located mainly in South East England, they offer 955 rooms. This acquisition makes Whitbread LondonMetric's fourth largest occupier, contributing £11.3 million annually, or 2.7% of total rental income. LondonMetric now owns 22 Premier Inn hotels.

🏨 LondonMetric acquired nine Premier Inn hotels for £89 million. The deal includes 955 bedrooms, delivering a net initial yield of 5.3% with 30-year leases, generating £5 million annual rent. Rent reviews occur every five years, linked to the consumer price index. The hotels are located in the South East, including Southampton Airport and Milton Keynes. Whitbread, as the seller, contributes £11.3 million annually, 2.7% of LondonMetric’s total rent. LondonMetric now owns 22 Premier Inns.