Mergers & Acquisitions

🏨 A 43-bedroom hotel, Raglan Lodge, on the A40 in Monmouthshire, is up for lease at £75,000. Located at Monmouth Northbound Services, it features various amenities such as Asda Express, Starbucks, and Subway. The hotel, refurbished in 2017, offers ample parking and three meeting rooms. Connected to major roads, it's one mile from the A449. Asda, the current owner, seeks a hospitality-focused operator. The Heads of the Valleys Road improvement is set to complete in 2025.

💸 Funds managed by Trinity Investments and Certares Real Estate Management sold the EAST Miami, a 352-room hotel, to Blackstone Real Estate. The hotel, opened in 2016 at Brickell City Centre, a $1.1 billion development, saw over a 60% net operating income increase under Trinity and Certares’ ownership since 2021. This sale is Trinity GP Fund I L.P.'s first realized asset, highlighting strategic involvements and Blackstone’s investment in Miami's growing Brickell area.

🏨 Three Ibis hotels in the North of England and the Midlands were sold to an owner-operator for an undisclosed amount. The hotels include the Ibis Lincoln, Ibis Chesterfield North, and Ibis Rotherham East, each with 86 rooms. Features include bars, restaurants, meeting facilities, and parking options. The transaction was managed by Christie and Co, with regional director David Lee highlighting the strong interest from investors in limited service hotels.

🍿 Freddy's Frozen Custard & Steakburgers, with over 550 locations in the U.S. and Canada, has been acquired by investment funds affiliated with Rhône, a global private equity firm. Previously owned by Thompson Street Capital Partners, Freddy's generates over $1 billion in annual system-wide sales. Current executives, including President & CEO Chris Dull, will continue to lead. Acquisition terms remain undisclosed. The brand upholds its commitment to quality products and hospitality.

🍪 Freddy's Frozen Custard & Steakburgers was acquired by Rhône, a global private equity firm, from Thompson Street Capital Partners. The fast-casual brand operates over 550 locations across the U.S. and Canada, generating over $1 billion in system-wide sales last year. The executive team, led by President & CEO Chris Dull, remains unchanged. Terms of the acquisition are undisclosed.

🏨 The Dunalastair Hotel Suites in Kinloch Rannoch, Perthshire, was sold to Loch Rannoch Estate Limited for an undisclosed sum. Originally a drovers’ inn from the 1700s, it was redeveloped during the Victorian era and now features 32 suites. The sale was managed by Graham and Sibbald for administrators Julie Tait and Stuart Preston. Located near Loch Rannoch, the hotel complements Loch Rannoch Hotel’s spa and dining options.

🏨 August 19, 2025, Albuquerque, New Mexico: Hunter Hotel Advisors facilitated the sale of the 126-key Hyatt Place Albuquerque/Uptown to Sun Capital Hotels. This acquisition marks Sun Capital's seventh property in Albuquerque and twelfth overall. The hotel, located in the Uptown district, offers proximity to ABQ Uptown and Coronado Center's 1.4 million square feet of retail space and amenities such as 1,127 square feet of meeting space, a business center, outdoor pool, and dining options.

🏨 PPHE Hotel Group acquired a development site near the City of London for £17.5m. The site, near Tower Bridge, will host a Radisson Red lifestyle hotel with 182 rooms, a restaurant, bar, gym, and 41,000 sq ft of office space. Opening in 2029, the total investment is about £90m, aiming for a high single-digit yield. The project seeks BREEAM “Excellent” accreditation and is PPHE’s European Hospitality Fund’s second acquisition. Their portfolio is valued at £2.2bn.

🗺 ATG Travel Worldwide has acquired CWT’s business travel operations in Germany, enhancing its European market presence. The acquisition results in the formation of ATG Business Travel Management, GmbH. This entity will function independently in Germany, focusing on local leadership and operations. ATG, active in over 150 countries, aims to leverage local expertise for growth. This strategic move supports ATG's long-term international expansion and strengthens its foothold in Germany's business travel sector.