Mergers & Acquisitions

🏨 Cycas Hospitality merged with Vertiq Capital on 31 March 2026, forming Vertiq Hospitality Partners. The company, based in Amsterdam and London, is expanding its European operations by adding 400 rooms in the UK and France in 2026. Managing over 35 hotels with 6,000 rooms across eight countries, including the 161-room Bankside Hotel in London and 237-room 25Hours Hotel Paris Terminus Nord, the merger combines investment and asset management expertise for accelerated growth.

📍 White Lodging acquired the 353-room Sheraton Raleigh Hotel in downtown Raleigh, North Carolina, and plans a comprehensive renovation to rebrand it as a Westin by early 2027. This is White Lodging's first acquisition in Raleigh. The company manages around 60 hotel properties in 17 markets, including the JW Marriott Charlotte in North Carolina. White Lodging also plans to open Hotel Trinity Austin, Autograph Collection, in Texas later this year.

🏨 Marriott International and the Leali family announced a joint venture to integrate the luxury wellness brand Lefay into Marriott's portfolio. Founded in Italy in 2006, Lefay has two resorts and three developments in Tuscany, Southern Italy, and the Swiss Alps. The brand focuses on eco-resorts with wellness programs. This partnership aims to expand Lefay globally, enhancing Marriott's luxury offerings with wellness-focused experiences. The deal awaits customary approvals.

🏨 The Boars Head and Birchwood House in North Yorkshire are for sale at £1.95 million. This 23-bedroom hotel, part of the Ripley Castle Estate, includes two Grade II listed buildings, a 54-cover restaurant, a bar, and a beer garden. The estate, owned by the Ingilby family since the 14th Century, is being sold as they retire. Located off the A61, it offers access to Harrogate and Ripon, presenting a unique investment opportunity.

🏨 JLL’s Hotels & Hospitality Group arranged a refinancing for the 506-room Marriott Nashville Tri-Brand. This downtown Nashville hotel combines AC Nashville Downtown, Residence Inn, and SpringHill Suites, featuring 209, 172, and 125 rooms, respectively. Opened in January 2019, it includes six dining outlets, meeting spaces, and a pool deck. Located near Music City Center, which generated $4.4 billion in economic impact since 2013, the hotel underwent a $13 million expansion in January 2025, adding 36 rooms.

🏠 Laurel Real Estate Co. arranged the sale of the Red Roof Inn Clyde in Clyde, Ohio, with multiple competitive bids. The seller was restructuring a portfolio. A local owner-operator, familiar with northern Ohio, acquired the property. Financing was arranged by Dan Uhl of Peachtree Group. Investors are increasingly interested in well-maintained assets in secondary markets, with interest extending beyond major metros, as noted by Lauren D’Souza-Faze of Laurel Real Estate.

💰 Parvus Asset Management increased its stake in Accor to 11.97% of capital and 10.23% of voting rights as of this week. Previously, it held 10.8% on December 31 last year. Accor's share price faced volatility after a report alleging misconduct, which Accor denies and is investigating. Accor plans to use proceeds from selling its 30.6% stake in Essendi for a €450m share buyback. Accor is also exploring investment opportunities in India.

🏨 Patel Family Office and ATQ Hospitality Group formed a $1 billion joint venture to launch AYARA in Saudi Arabia, targeting 50 hotels. By 2029, AYARA aims to deliver 5,000-7,000 rooms in Riyadh, Jeddah, Dammam, NEOM, and the Red Sea region. The platform integrates land acquisition, modular construction, and hospitality management to expedite development. Patel leads strategy, while AHQ supports development, focusing on business travelers and regional headquarters.