Mergers & Acquisitions

🏠 CapitaLand's Ascott Residence Asia Fund II acquired voco Seoul Myeongdong, a 576-key hotel, for KRW368 billion in Seoul's Jung District. The previous purchase by Gravity AM and TPG Angelo Gordon was for KRW228.2 billion in 2024. 🚦 Orchid Hotel Pte Ltd sold Singapore's 272-room Orchid Hotel for SGD273 million, equating to SGD1.0 million per key. The Fu family sold the 76-key Soravit on Granville hotel in Hong Kong for HKD370 million, HKD4.9 million per key.

🏨 Warsaw/Berlin – Griffin Capital Partners and PRIMESTAR Group formed Prime Griffin Hotels, a 50/50 joint venture aimed to create a leading hotel platform in Poland. They leverage PRIMESTAR's hotel operating expertise and Griffin's investment skills, focusing on Poland's major urban markets like Warsaw and Kraków. Griffin manages EUR 11 billion in investments, while PRIMESTAR operates 21 hotels with 4,389 rooms. Emphasizing midscale to luxury hotels, the venture plans to collaborate with brands like Hilton and Marriott.

🏨 Braemar Hotels & Resorts is dropping its sale plans to self-manage, incurring $505M in termination fees to Ashford Inc. After selling a 3-hotel portfolio for $437.5M, they net $330M post-debt, necessitating further asset sales. Analysts are split: Baird sees risks in smaller REITs, while Truist highlights strong sector performance. Hotel REITs boast impressive stock gains and favorable RevPAR trends, despite Braemar’s challenges with angry shareholders and potential litigation.

📍 46-bedroom Peveril of the Peak hotel in Dovedale, Derbyshire, is for sale with a £2 million freehold. Situated in Thorpe, the property spans 10 acres and includes a detached two-bedroom cottage. It features a reception, lounge, bar, dining room, two function rooms, and 14 partially refurbished staff bedrooms. Managed by Christie and Co's Matt Hill, the site is tenanted until early 2027, when vacant possession will be available.

🏨 Dominus sold the Courtyard by Marriott Oxford City Centre to Millemont Capital Partners for £74 million, marking 2026's largest urban single-asset sale outside London. Dominus acquired the property in 2014, transforming it into a 160-room hotel with occupancy rates above 90% since 2019. Preet Ahluwalia, Dominus CEO, highlighted successful development and 12-year ownership. Millemont's Ashley Shaw noted over £150 million in transactions during the first half of 2026, emphasizing Oxford's strong market.

💸 Hyatt and Hall Structured Finance have teamed up to offer a financing solution for Hyatt Studios newbuild projects across the U.S. The Hyatt Studios Structured Loan Program leverages Hall's 30+ years of hospitality lending experience, helping developers access capital efficiently. This initiative supports Hyatt Studios' expansion and offers greater leverage compared to conventional lending. Mark Klipsch of Hall Structured Finance highlights the program's potential to accelerate project financing amidst a competitive environment.

🏨 7-13 June 2026, U.S.: Hotel industry sees positive growth. Occupancy at 69.9% (+1.9%); ADR at $172.04 (+4.9%); RevPAR at $120.34 (+7.0%). Detroit leads with a 7.9% rise in occupancy to 71.0%. New York City boasts the highest ADR (+17.1% to $399.15) and RevPAR (+18.9% to $358.00), driven by the Knicks in the NBA Finals and a World Cup match. Los Angeles follows with a significant ADR increase (+13.7% to $234.02).