Mergers & Acquisitions

💰 PPHE Hotel Group secured an £88m refinancing deal for Park Plaza Victoria London to restructure long-term funding. Scheduled to complete by 18 December 2025, this five-year facility, arranged by Santander UK and ABN AMRO Bank, replaces Barings' loan maturing in early 2026. It features a floating interest rate, with 90% hedged at 3.9%, compared to the previous 3.42%. The hotel, opened in 2001, is undergoing guest room upgrades in early 2026.

📊 JLL's Hotels & Hospitality Group completed the sale of a two-property, 184-room hotel portfolio in Salisbury, North Carolina. BPR Properties sold the Courtyard by Marriott Salisbury (94 rooms, renovated) and Holiday Inn Express & Suites Salisbury (90 rooms). Both four-story hotels lie along Interstate 85. Combined, they offer 1,950 sq. ft. of meeting space, fitness centers, pools, and more. Salisbury, in the Charlotte Metropolitan Area, boasts strong demand drivers like healthcare and education.

🏖 Driftwood Capital announced the topping off of the $420M Westin Cocoa Beach Resort & Spa in Florida's Space Coast, slated for completion in Q3 2027. The 502-key resort, started in September 2024, is 45% done. It will cover 15.7 acres with 72,000 sq ft outdoor space, 51,500 sq ft indoors, and 11 dining venues. Expected to generate $3M in tourist taxes initially, the resort aims to create 1,800 jobs.

🏖️ Brookfield and Domes announced a joint venture today to expand Domes Zeen Chania, a 105-key beachfront resort in Chania, Crete. Brookfield will acquire a majority stake in Domes Zeen Chania and invest over €40 million in the expansion. Domes Zeen Chania is part of Marriott's Luxury Collection and won the World's Leading Leisure Resort 2025. Brookfield manages over $50 billion of assets in Europe, marking its first Greek hospitality investment.

📍 7 Hospitality Management will operate Delta Hotels by Marriott in central Birmingham, UK, adding to its portfolio. The hotel offers contemporary accommodation and event facilities for corporate and leisure guests. Announced before mid-August 2025, this move highlights Birmingham's significance in business and leisure sectors. 7 Hospitality Management, described as brand-agnostic, aims for long-term partnerships with global brands, focusing on performance and guest experiences.

🏨 Moddershall Oaks, celebrating its 25th anniversary, plans a £4 million investment in 2026 for expansion in Staffordshire. The spa and wellness retreat, located on a 72-acre site, has grown from a family-owned business to welcoming over 100,000 guests annually and employing over 140 people. In the past five years, £3 million has been invested in facilities. New Woodland Pods will be introduced, part of long-term plans for further retreat spaces and facility enhancements.

📈 South Korea's Meritz Securities and Josun Hotels acquired two hotels with UK-based PAM for KRW2.9 trillion and KRW50 billion, aiming for a third hotel by 2026. The hotels opened in 2020. Taiwan's Lin family purchased Australia's Paradise Centre for AUD370 million. Tang Shing-bor's family sold Hong Kong's Hotel COZi Oasis for HKD950 million. An investor acquired Quest Ipswich in Australia for AUD14.2 million. Singapore's URA launched a Telok Ayer hotel site tender for potential 440 rooms.

🏨 JLL Capital Markets arranged refinancing for Huntington Hotel Group's 350-key hotel portfolio at Liberty Station, San Diego. The package includes a senior loan from BMO Bank N.A. and a mezzanine loan from MetLife Investment Management. The complex features a 200-room Courtyard by Marriott and a 150-room Homewood Suites by Hilton. Located 2.5 miles from San Diego International Airport, the properties include extensive amenities and meeting spaces, benefiting from proximity to corporate and government facilities.

🏨 €250 million refinancing from Aareal Bank in 2025 supports InterGlobe's hotel brand Miiro's expansion. Miiro operates nine hotels across Europe and launched properties in Paris and Barcelona in 2024, followed by London in 2025. Two Vienna hotels, renovated with one opening in November 2025 and another set for early 2026, are part of the strategy to reposition former K+K properties and scale as a boutique lifestyle brand.

💸 Three investment groups—Gencom, Argent Ventures, and Highgate—acquired the InterContinental New York Times Square, a 607-room, 34-story hotel, for $230 million, or approximately $379,000 per room. The sale involved a $190-million loan from Monroe Capital. The hotel, opened in July 2010, features 20,000 square feet of meeting space and plans for renovations. Highgate will manage the hotel under a franchise agreement, and Eastdil Secured facilitated the transaction.