Mergers & Acquisitions

🏝 Mandarin Oriental Exceptional Homes is expanding in Greece with four private villas: Casa Gaia in Mykonos (sleeps 18; from €69,062/week), VAYRA in Corfu (10; €24,360/week), Villa Alice in Corfu (8; €17,059/week), and SERENAOS in Lefkada (10; €49,700/week). Highlights include Casa Gaia’s 27-metre infinity pool and SERENAOS’s private bay and boat fleet. All offer dedicated concierge services, private chefs and daily housekeeping, strengthening the brand’s personalised luxury offering across Greek islands.

🏨 Sage Hospitality Group has assumed management of The Woodmark Hotel & Still Spa in Kirkland’s Carillon Point district, east of Seattle. Operating on Lake Washington for more than 30 years, the luxury boutique hotel features 100 guestrooms and suites, Still Spa, Carillon Kitchen and 9,000 square feet of meeting and event space. Denver-based Sage, in its 41st year, says the addition supports its focus on distinctive independent and lifestyle hotels with strong community connections.

💰 Saudi Arabia has awarded $10.6 billion in giga project contracts this year, continuing a decline from $31.7 billion in 2023, $26.7 billion in 2024, and $13.6 billion in 2025. These giga projects account for 17% of the $700 billion awarded over the past decade. This year's awards are mainly for Qiddiya and Diriyah. Despite this, the decline in awards isn't the sole reason for the reduction in the kingdom's overall project awards.

🏨 In 2026, Wyndham Hotels & Resorts marked one year since launching Dazzler Select, with 14 hotels open across the U.S. Locations include Magic Moment Resort in Kissimmee, Florida, and Moab Big Horn Lodge in Moab, Utah. Dazzler Select offers independent owners a flat fee, access to Wyndham's resources, and requires hotels to maintain a guest rating of 4.0 or higher. Wyndham's loyalty program boasts over 126 million members worldwide.

💵 In 2026, Peachtree Group provided a $12.75 million bridge loan for The Barn Hotel in Gettysburg, Pennsylvania. This loan is part of a larger $31.2 million financing plan including a $25 million USDA B&I loan and $6.2 million C-PACE financing. The 12-month interest-only loan supports the hotel's 70-room completion. USDA B&I and C-PACE offer long-term financing, promoting rural economic growth and energy-efficient developments.

🏨 The CEO of TKO, Jim Koehler, announced a $2 billion cash bid for Service Properties Trust's 92-hotel portfolio, citing underinvestment. TKO owns 44 hotels with over 4,000 rooms, potentially exceeding 5,000 rooms with other stakes. Service Properties Trust's portfolio is nearly four times larger, with nearly 21,000 rooms. Koehler has offered his personal financial statement to the trust, claiming "nine figures" in cash. Financing details for the full offer remain undisclosed.

🏠 Alma and Midstar, 1 hour ago, Denmark: Alma Property Partners and Midstar AB acquire five hotels (928 rooms) from Pandox for DKK 1,155 million (€154.8 million). Västerkulla Hotell AB, Sweden: Buys two Scandic hotels for SEK 369 million (€33.6 million) from Pandox. British Land, UK: Sells Novotel London Paddington for £63 million. Leonardo Hotels, Germany: Acquires two hotels in Kiel and Regensburg. Amundi, Mallorca: Purchases Bikini Hotel. Czech Inn Hotels, Austria: Acquires DoubleTree Vienna Schönbrunn. Transactions close Q4 2026.

💸 Indian hospitality group Prism acquired Dutch Fletcher Hotels, adding 170 properties to its European portfolio. This follows a September investment in Sircle Collection, marking two Netherlands deals in two months. Fletcher, founded in 1997, operates 170 hotels, employing 5,800 people. Prism's expansion comes ahead of a planned IPO in India, with a proposed $700-$750 million share offering. The acquisitions aim to diversify Prism beyond its OYO brand, enhancing its investment and operational strategies in Europe.

🏨 G6 Hospitality signed a development agreement for a new Studio 6 Plus hotel in Marshall, Illinois, with Vijaykumar Patel. Construction begins in Q2 2027. Located on Interstate 70, Marshall connects travelers between Illinois and Indiana. Studio 6 Plus, introduced in April 2026, features full kitchens and digital check-in. Nikhil Heda and Krishna Paliwal of G6 Hospitality praised Patel's market knowledge. Patel values technology integration for cost efficiency in his first new-construction project.