Mergers & Acquisitions

🏨 Portman executed over $680 million in hospitality financing in 2025, reducing its portfolio’s interest rate by 150 basis points. Key transactions included the $237.5 million refinancing of Hyatt Regency Salt Lake City and acquiring the 456-room Westin Cincinnati. Portman manages seven hotels with over 3,000 rooms, valued at $1 billion. The firm aims to expand in major U.S. markets, emphasizing long-term returns and strategic acquisitions.

🏨 An affiliate of Flacks Group acquired the 182-room DoubleTree by Hilton Augusta in Augusta, Georgia, selecting StepStone Hospitality for management. The hotel offers 12,000 sq. ft. of event space and multiple dining options. Flacks Group plans a $12 million investment for renovations. The hotel is near the Augusta National Golf Club and benefits from golf tourism, especially during the Masters Tournament. The acquisition highlights Flacks Group's commitment to the Augusta market and guest experience.

🏨 ATLANTA, Georgia—In 2025, Access Point Financial (APF) closed and invested about $1.6 billion in hotel financings, covering 49 hotel assets, including select-service, extended-stay, and luxury properties. The smallest financing was a $7.1 million SpringHill Suites in Ohio, while the largest was a $195 million refinance of the Beekman Thompson in New York. APF’s portfolio spans 38 states, with hotels primarily affiliated with Marriott, Hilton, IHG, and Hyatt. APF remains a key capital partner for hospitality.

🏠 RobertDouglas facilitated the sale of Hyatt Place Page in Page, Arizona, for $24.25 million, translating to $238,000 per room. Acquired by a Salt Lake City owner/operator, this 102-key hotel was constructed in 2018, surpassing Hyatt's standards. Managed by Crescent Hotels & Resorts, the property features a restaurant, adventure concierge, and art installations. It serves as a prime lodging option near the Grand Canyon, attracting over 5 million visitors annually.

📈 Kasa and Mint House have joined forces, integrating nearly 1,000 national units into Kasa's platform, including the iconic 70 Pine building in Lower Manhattan. This strategic move broadens Kasa’s reach across key U.S. markets—Washington, D.C., Dallas, Nashville, St. Petersburg, and Tampa. With this transaction, Kasa enhances operational efficiency and guest experience, leveraging its history of 35 successful transitions and commitment to high-tech, high-service hospitality. Mint House CEO Christian Lee joins Kasa as a Senior Advisor.

🏨 Kasa has strategically combined with Mint House, adding nearly 1,000 units from Mint House across the U.S. locations including New York's 70 Pine building, D.C., Dallas, Nashville, and more. This integration aims to enhance Kasa's flexible accommodations, supporting corporate and leisure guests. Kasa has completed 35 operational transitions and plans to implement efficient, technology-driven operations. Mint House CEO Christian Lee joins Kasa as a senior advisor, ensuring smooth integration and continuity.

🏨 Marcus & Millichap announced the sale of a 120-room Red Roof PLUS+ hotel in Houston, Texas. The property, built in 1995, is located near Interstate 10 and Highway 6. Skyler Cooper from Marcus & Millichap's Dallas office represented seller Park 10 Hospitality LLC and procured buyer Shree Avdhoot Krupa of Texas, LLC. The transaction was supported by Chris Gomes, Allan Miller, and Rajan Patel. Amenities include a fitness center, breakfast area, and guest laundry facilities.

🏨 An undisclosed hotel group acquired The Bush Hotel Farnham from Larchbay for £12 million. The historic hotel, dating back to 1618, is located in Surrey and features 95 bedrooms with plans for 35 more. Larchbay owned it for eight years, recently completing a refurbishment. Knight Frank and Simon Stevens Associates managed the sale. The acquisition highlights robust hotel investment activity as of 2026, with strong trading performance attracting significant buyer interest.