Mergers & Acquisitions

🏢 M&G Real Estate acquired the 250-room Travelodge Barcelona Poblenou in Spain for €50 million, located 3 km from Barcelona's historic center, with 12 years and 4 months remaining on the lease. Millemont Capital Partners purchased 174-room Crowne Plaza Reading East and 168-room Crowne Plaza Marlow in the UK, both near London Heathrow. Montagnettes acquired the 79-room Excelsior Chamonix Hôtel & Spa in France, intending to renovate it. Square Group bought the 48-room Best Western Plus 61 Paris Nation, now owning three Paris hotels.

💰 South Korea-based IGIS Asset Management divested Mangrove co-living assets in Seoul for KRW111.5 billion to Hyundai HAIM and TPG Angelo Gordon. Mangrove Sinseol and Dongdaemun have 311 and 177 keys, respectively, on sites of 902.8 sqm and 653.1 sqm. Centurion acquired Karratha, Australia's AUD45 million Velocity Village and Motel. Japan's GPIF invested JPY10 billion in Phoenix's real estate fund. Changi Airport plans a private terminal at Terminal 2 by mid-2027.

🏨 Gencom and GD Holdings, in May 2023, refinanced The St. Regis Chicago in Lakeshore East Loop for $125 million, replacing $76 million from Varde Partners. Banco Inbursa arranged this, marking Gencom's fourth deal with them. The St. Regis occupies 11 floors of a 101-story development, offering 192 rooms, 12,000 sq. ft. of event space, and 21,000 sq. ft. of amenities. Additionally, five dining venues cover 38,000 sq. ft. with 580 seats.

💰 In December 2025, Corvex Management, led by Keith Meister, revealed a 6% stake in Whitbread, urging a review of its £3.5 billion investment plan. Whitbread CEO Dominic Paul plans an update by April's end. Whitbread may sell 20% of its hotel properties, raising £1.5 billion, while a €2.3 billion share buyback is considered. This marks a shift to an asset-light model, differing from its historical approach. Whitbread's strategy may change as it remains an active acquirer.

Chester, 27 April, 2026 — Pass the Keys has launched a new Chester and the Wirral franchise, expanding its professional short-term rental management services in the region and marking a significant investment in…

🏨 Hunter Advisors announced the sale of the Hilton Garden Inn Fort Collins, a 120-room hotel in Fort Collins, Colorado. The property, built in 2007 and renovated in 2023, features 2,800 sq. ft. of meeting space, a restaurant, pool, and fitness center. Located near Intel and Hewlett-Packard, it attracts business and education demand. The transaction was led by Kami Burnette and Brian Embree, highlighting investor confidence in the asset's strategic location and recent upgrades.

💵 Newmark arranged a $94.36 million loan for Newbond Holdings and Apollo to refinance Hotel Cala, a 281-key property in Tampa, Florida. The financing was provided by Bain Capital and Smith Hill Capital. Hotel Cala, formerly Hotel Tampa Riverwalk, is undergoing a full renovation and rebranding under the Curio Collection. Located along the Tampa Riverwalk, it offers access to key sites like the Tampa Convention Center and the $3.5 billion Water Street development.

🏨 The Covenanter Hotel in Fife is on the market for a £95,000 lease with a £70,000 annual rent. Situated in Falkland, this Category B Listed building dates back to 1771 and was featured in the TV series Outlander. It offers five en suite bedrooms, a licensed bar, a restaurant, and a coffee shop. Owner Ross Moonlight is selling to focus on other interests, while Christie and Co's Simon Watson highlights its strong performance and growth potential.

🏨 The Covenanter Hotel in Fife is on the market with a lease price of £95,000 and annual rent of £70,000. Located in Falkland, this Category B Listed building dates back to 1771 and served as a filming location for Outlander. It features five en suite bedrooms, a licensed bar, a restaurant, and a coffee shop. Ross Moonlight, the owner, is selling the lease to pursue other interests. Simon Watson from Christie and Co is managing the sale.