Mergers & Acquisitions

🏨 LQ Resorts has acquired Parkway Hotel and Spa in Cwmbran with a seven-figure loan from Development Bank of Wales. The 80-room hotel spans over seven acres and funding came from the Wales Tourism Investment Fund, which provides loans of £100,000 to £5m. LQ Resorts plans immediate upgrades, including gym equipment and bar refurbishments. Colin Jenno emphasized the hotel's family-run heritage, while Clare Sullivan praised LQ Resorts' high-end service reputation.

💸 JLL's Hotels & Hospitality Group arranged $167.7 million refinancing for a 15-property WoodSpring Suites portfolio in Michigan, Tennessee, North Carolina, and Florida. The loan includes $117.7 million initially, with a $50 million earn-out potential. Properties, totaling 1,829 keys, opened in the last 2-5 years. Whitman Peterson and Concord Hospitality lead the sponsorship. With extended-stay demand projected to grow by 5% annually, these assets are strategically positioned near key infrastructure and amenities.

📈 LondonMetric Property Plc acquired nine Premier Inn hotels for £89 million ($120 million USD) in a sale and leaseback deal with Whitbread PLC. The hotels are on 30-year leases with a 5.3% net initial yield, generating £5 million in annual rent, with CPI-linked reviews every five years. Located mainly in South East England, they offer 955 rooms. This acquisition makes Whitbread LondonMetric's fourth largest occupier, contributing £11.3 million annually, or 2.7% of total rental income. LondonMetric now owns 22 Premier Inn hotels.

🏨 LondonMetric acquired nine Premier Inn hotels for £89 million. The deal includes 955 bedrooms, delivering a net initial yield of 5.3% with 30-year leases, generating £5 million annual rent. Rent reviews occur every five years, linked to the consumer price index. The hotels are located in the South East, including Southampton Airport and Milton Keynes. Whitbread, as the seller, contributes £11.3 million annually, 2.7% of LondonMetric’s total rent. LondonMetric now owns 22 Premier Inns.

🏠 Emerson Hospitality is redeveloping Black Creek Barns, a 153-acre estate in Esopus, NY, into a 70-room resort, opening in late 2027. Located 90 miles north of NYC near Poughkeepsie, it features historic structures, a 7,000 sq ft event hall, and a 9,000 sq ft craft center. Supported by $38 million in financing from IPA, The LCP Group, and Imperial Ridge, the project emphasizes sustainability with C-PACE financing.

📈 Lemon Tree Hotels and Fleur Hotels plan a structural reorganization with Warburg Pincus investing in Fleur. Coastal Cedar Investment B.V. will acquire a 41.09% stake in Fleur. Warburg Pincus will invest up to INR 960 crore ($106 million USD). The scheme, starting April 1, 2026, involves transferring hotel assets to Fleur, expanding from 24 hotels with 3,993 keys to 41 hotels with 5,813 keys. Fleur's shares will be listed on NSE and BSE.

🏨 MIAMI, Florida—Kabani Hotel Group brokered the sale of voco St. Augustine – Historic Area by IHG, a 50-room hotel, for $9,000,000. The sale price equates to $180,000 per room with a 6.3% capitalization rate and a ~5.3× room revenue multiple. The transaction, led by Lucas Mondino, closed in 44 days. Built in 2019, the hotel caters to both historic tourism and beachgoers in St. Augustine's strong leisure market.