Mergers & Acquisitions

💵 Peachtree Group, through September 2025, completed over $2 billion in private credit transactions across 77 deals, aiming for $2.5 billion by year-end. In 2024, they deployed $1.6 billion—a 54% increase from 2023. Notable deals include: $176.5 million for Rio Hotel & Casino (Las Vegas) and $68.2 million for AC Hotel (Seattle). With $3 trillion in U.S. commercial real estate debt maturing by 2028, private credit demand continues to rise.

🏨 Leisureplex Hotel Group has acquired The Derwentwater Hotel and Derwent Manor Apartments in Portinscale, Cumbria for an undisclosed sum. The property includes 47 en-suite bedrooms, 18 self-catered apartments, a holiday cottage, a lakeview conservatory, and landscaped gardens. It is now the 25th hotel in the Leisureplex Collection. Graham Wilkinson, a hotel agent from Christie and Co, emphasizes the hotel's prominence in the Lake District and plans for revitalization.

🏠 Bond Wolfe will auction the fire-damaged Hatherton House Hotel in Penkridge on 23 October 2023. The Grade II-listed building, dating from 1831, has a starting guide price of £500k. The two-acre site includes 55 former en-suite bedrooms and extensive leisure facilities, requiring comprehensive refurbishment. The 34,700 sq ft property offers potential for various uses, including residential, subject to planning permission. Penkridge is located five miles south of Stafford and 10 miles north of Wolverhampton.

🏨 Josiah Mackenzie and Andrew Arthurs are in Phoenix this week for The Lodging Conference, focusing on hotel owners and investors. Andrew Arthurs, President and COO of Actabl, discusses strategic approaches involving people, partnerships, and technology to enhance asset value.

💸 Travel software firm WeTravel, founded in 2014 in the Netherlands, has tripled its valuation after securing $92 million (€68 million) in Series C funding. Led by Sapphire Ventures, this investment will enhance its platform with AI-powered tools. CEO Ted Clements highlights the focus on streamlining complex workflows for multi-day travel. Other investors include Left Lane Capital and Base10. Previously, WeTravel raised $27 million under three years ago to expand its fintech solutions.

💰 EXTENDAM and Highgate have partnered to acquire the Hilton Porto Gaia, a 194-room, five-star hotel in Vila Nova de Gaia, Portugal. Opened in 2021, the hotel offers 47 suites, a restaurant, bar, spa, and a 350-seat auditorium. Managed by Highgate under the Hilton brand, the hotel holds an A-rated energy certificate and Biosphere Responsible Tourism certification. This marks the first collaboration between EXTENDAM and Highgate, aiming to leverage Porto's thriving market.

💸 Sep 23, 2025, New York City: The Waldorf Astoria reopens after an eight-year, $6 billion transformation into 375 hotel rooms and 372 condos. Wu Xiaohui's $1.95 billion purchase in 2014 led to ambitious renovation plans thwarted by regulations and high costs. Wu's 2017 arrest for financial crimes resulted in Chinese state control. Now Hilton's luxury flagship, nightly rates start at $1,500, yet financial returns remain uncertain.

🏨 Aareal Bank financed Pullman Paris Montparnasse with Bain Capital, Columbia Threadneedle, and QuinSpark. The 34-story hotel in the 14th Arrondissement features 957 rooms, two restaurants, a sky bar, and 5,000 square meters of meeting space. The financing covers acquisition, guest upgrades, and sustainability efforts, following renovations from 2017 to 2021. Michelle Weiss emphasized Paris's allure and the property's long-term value, while Marc-Olivier Assouline praised Aareal's swift and confident underwriting.