Mergers & Acquisitions

🏨 Oyo has expanded its U.S. portfolio by adding over 150 hotels in the first half of 2025, with plans to double that by year-end. New properties span seven states, including a 400-room Palette Sunset Waves Resort in Myrtle Beach, SC, and a 130-room Capital O Kings Inn in Memphis, TN. Oyo focuses on the Sun Belt and Great Lakes regions, enhancing its technology and loyalty programs, and completed its G6 Hospitality acquisition for $525M last December.

📈 1754 Properties, a South Florida-based real estate firm, acquired the 319-room Marriott Winston-Salem, North Carolina. Hospitality Ventures Management Group continues its operation. Located at 425 Cherry Street, near major universities and corporate offices, the hotel offers 14,000 sq. ft. of meeting space and an indoor pool. 1754 Properties plans a $5 million renovation. The company seeks investments between $40 million and $500 million, enhancing Winston-Salem’s position as a premier destination.

🏨 Portman acquired the Westin Cincinnati, a 456-room hotel in downtown Cincinnati. Situated on Fountain Square, it offers 30,000 sq. ft. of meeting space and amenities including a restaurant, bar, and fitness studio. This is Portman’s first hotel purchase, marking the start of its value-add hospitality strategy. The firm is also the master developer for the city’s $828 million Convention District redevelopment. Portman’s portfolio now includes seven hotels across five markets, managing over $1 billion in assets.