Mergers & Acquisitions

🏨 The Covenanter Hotel in Fife is on the market with a lease price of £95,000 and annual rent of £70,000. Situated in Falkland, this Category B Listed building dates back to 1771 and was a filming location for Outlander. It features five en suite bedrooms, a licensed bar, restaurant, and coffee shop. Current owner Ross Moonlight is selling to focus on other interests. Simon Watson from Christie and Co notes the hotel's strong performance and growth potential.

🏨 Scandic Hotels Group plans to lead Dalata’s markets through a COO-led structure after acquiring Dalata for €1.4 billion in July 2025. The acquisition finalized in November 2025, with restructuring expected to conclude in late 2026. Dermot Crowley and Shane Casserly will step down later this year, with Crowley overseeing the addition of 16 hotels and 3,800 rooms since 2021. Dalata will open three hotels in Dublin, Edinburgh, and Berlin this year.

🏨 Dalata, acquired by Pandox for €1.4 billion in November 2025, is undergoing restructuring set to conclude in late 2026. Scandic Hotels Group oversees operations, with Des McCann as COO. Dermot Crowley and Shane Casserly to step down as CEO and deputy CEO in 2023. Since 2021, Crowley expanded Dalata with 16 hotels. Three new hotels open this year in Dublin, Edinburgh, and Berlin, with ongoing developments in London, Edinburgh, and Madrid.

🏨 Global Hotel Alliance (GHA) saw a 24% revenue increase in Q1 2026, reaching $921 million. Room revenue hit $738 million, up 27%. Cross-brand revenue rose 40% to $135 million. GHA DISCOVERY membership grew 36% to 35 million. Top feeder markets, including the U.S. and U.K., generated $202 million. Thailand, Spain, Singapore, and Italy led in member stay revenue. The UAE showed strong performance early on but softened in March. International stays made up 69% of revenue.

📅 Chicago, April 2026: Hyatt Regency Chicago completed a multi-year renovation of its 2,032 rooms and suites, enhancing event and public spaces since 2013. The $368 million project included a $168 million lobby update and culminated with a $200 million transformation of all guest and meeting areas. The Grand Ballroom, now 24,000 square feet, features customizable LED panels and digital enhancements. General Manager Mark Wagner highlighted the renovations' aim to meet modern networking and business needs.

💰 Hoshino Resorts REIT sold the 200-key Sol Vita Hotel Naha in Okinawa to Samty Co., Ltd for JPY4.65 billion, a 30.6% gain over its JPY3.56 billion valuation. Belmo Group obtained management rights for Brisbane’s 73-key Royal Albert Hotel amid Brisbane’s infrastructure growth, including the 2032 Olympics. Iris Capital sold the 70-key ibis Budget Coffs Harbour in New South Wales, initially bought for AUD2.52 million. CapitaLand Investment secured USD320 million for its second APAC real estate credit fund.

💵 On April 2026 in Los Angeles, Sonnenblick-Eichner Company arranged a $24 million loan to refinance Cedarbrook Lodge in Seattle, Washington. This 167-room hotel, located near Seattle-Tacoma International Airport, offers 17,000 sq ft of meeting space, a 1,600 sq ft fitness center, and a 3,000 sq ft spa. The loan is a five-year, non-recourse, floating-rate debt funded by a private real estate debt fund, replacing a long-term fixed-rate loan.