Mergers & Acquisitions

💰 PPHE Hotel Group initiated a strategic review considering new capital or selling part/all of the company. Major shareholders Eli Papouchado and Boris Ivesha, holding 44% voting rights, support the review. PPHE's £2.2 billion portfolio spans Europe, including upscale hotels and campsites. Rothschild advises, and a formal UK Takeover Code sale process has begun. No active bidder discussions or approaches yet. The board may alter or terminate the process.

🏠 UK: The Social Hub plans to invest £200 million in a new venue at Edinburgh's former Fountain Brewery site, vacant for 20 years. The 560-bed project will feature extended stay rooms, hotel suites, and student housing, along with coworking spaces for 300, event spaces, a gym, and dining options. Public consultations are set for 8 December and 26 January. Buccleuch Property and Cruden Homes lead the site's redevelopment as part of the Fountainbridge masterplan.

🏨 PHOENIX, Arizona— Sheraton Phoenix Downtown, a 1,003-room hotel, was sold by JLL's Hotels & Hospitality group in one of Arizona’s largest hotel sales. Built in 2008 and renovated for $45 million in 2020, the 33-story hotel features 112,000 square feet of meeting space. Located near the Phoenix Convention Center, its amenities include a 4,300-square-foot fitness center, three dining venues, and an outdoor pool. The sale highlights Phoenix's dynamic lodging market.

🏨 The Highfield hotel in Driffield, East Yorkshire, is on the market for £2.25m by Christie and Co after 10 years with current owners Andy and Lindsey Lampard. This Victorian-era, Grade II listed property features 12 bedrooms and sits on seven acres of land. It includes two AA Rosettes and is in the Michelin Hotel Guide. Originally built in the late 19th century, the property was transformed from a private residence to a hotel by the Lampards in 2015.

💸 UK: In November 2025, PPHE secured a £95.8 million refinancing deal with Aareal Bank for Park Plaza London Riverbank. The loan's maturity extends from June 2026 to June 2030. Until June 2026, the interest rate remains at 3.248%, shifting to 5.72% fixed for 85% of the loan thereafter, with the remainder on a floating rate. The loan's amortisation removal is expected to mitigate the higher interest cost impact on cash flow.

💸 Sonder, with 7,500 furnished units across 37 cities, filed for Chapter 7 on November 14, 2025. After forming an alliance in August 2024, Marriott ended its licensing with Sonder. Similar to WeWork, Sonder’s collapse stemmed from unsustainable fixed-cost lease agreements, raising $839 million in VC funding. Sonder’s strategy relied on rapid revenue growth via leasing, leading to structural unprofitability when economic conditions shifted. Pedan’s Kasa group acquired multiple ex-Sonder properties, including three in Florida, Nashville, and Detroit.

🏨 Maine Course Hospitality Group acquired the Homewood Suites by Hilton in Saratoga Springs, New York, adding its 27th hotel. The 113-suite property is near Saratoga Race Course and Skidmore College. Amenities include in-room kitchens, breakfast, socials, a fitness center, and an indoor pool. CEO Sean Riley expressed enthusiasm for joining the Saratoga community. The acquisition strengthens MCHG's presence across New England, the Mid-Atlantic, and Florida, as they continue expanding their portfolio.

🏠 New York City, 1624: Hudson Yards opened in 2019. 📍 35 Hudson Yards, a 92-story mixed-use skyscraper, includes the 212-room Equinox Hotel. 💰 Rooms can cost over $1,000 per night. Mori Trust bought the hotel's first 38 floors for $541 million. 🔝 Equinox Hotel features wellness amenities and a Sleep Lab. 🌍 Mori Trust also owns properties in Manhattan and other U.S. cities. In March 2024, Equinox secured $1.8 billion for loans and growth. 🏝️ Equinox Hotels is expanding to Anguilla.

🏢 ATLANTA, November 2025—Hunter Hotel Advisors surpassed $1 billion in hotel sales with 76 transactions, despite market challenges. Q3 alone saw over $515 million in sales, including hotels in San Diego, Knoxville, Athens, and Albuquerque. By year-end, another 47 closings worth $500 million are expected. Hunter's success reflects strategic buyer activity and capital deployment, emphasizing asset quality over price. More than 150 assets are being marketed nationwide, with ongoing activity into early 2026.

💸 Edinburgh dominated Scottish hotel investment in January-September 2025, accounting for 74.4% (£227m) of the £305m total, per Knight Frank. Over 5 million visitors supported high investor interest, with hotel occupancy at exceptional levels. Significant deals include the sale of W Hotel to Schroders Capital and Bruntsfield Hotel to Dutco Group. Hotels led Edinburgh's property asset performance at £246m, outpacing offices, retail, and industrials. Investor demand remains robust with limited supply.