Mergers & Acquisitions

💰 February 27, 2026, Chicago, Illinois. Hyatt Hotels Corporation sold its real estate portfolio to Tortuga Resorts for approximately $2 billion, with potential additional earnings of $143 million. The portfolio includes properties in Mexico, the Dominican Republic, and Jamaica. Hyatt retains $200 million of preferred equity and enters 50-year management agreements for 13 properties. Hurricane Melissa in October 2025 caused damage in Jamaica, closing seven Hyatt properties until late 2026, with financial aid provided to affected employees.

🏨 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.

🏨 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.

💰 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.