Mergers & Acquisitions

💰 The Ringland Group lists The 1852 Hotel and Town Square bar for over £2.85m. CBRE manages the sale of this 21-bedroom hotel with a capacity for 68 guests, including permission to add 5 bedrooms. The sale funds Ringland's £17m development, featuring a 76-bed hotel on Callender Street and a rooftop bar on Howard Street. The hotel, led by General Manager Andrew McWhirter and an 18-person team, is praised for its efficiency.

📍 The Crown Hotel in Newton Stewart, Dumfries and Galloway, is on sale for £895,000. It features 15 en suite rooms and a function space for 120 guests. Sinead Farrell, owner since 2008, is selling due to relocation. Tony Spence of Christie and Co is handling the sale, noting its strong income potential. The hotel has development potential as a wellness retreat or boutique lodge. Regional hotel market demand is rising, driven by the staycation trend.

🏨 Wheelock Street Capital and HEI Hotels & Resorts have acquired the Cavalier Resort in Virginia Beach, which includes the Historic Cavalier Hotel and Beach Club (85 rooms), Marriott Virginia Beach Oceanfront Resort (305 rooms), and Embassy Suites Virginia Beach Oceanfront Resort (157 rooms), covering over 15 acres. Originally built in 1927 and renovated in 2018, the resort was developed by Bruce Thompson with an $85 million restoration. It features nine restaurants, a beach club, and six pools.

🏨 Petra AM, on behalf of ADIA, acquired citizenM Rome for €70-80 million. The 162-room hotel is in central Rome by the River Tiber. AX Partners acquired Hotel Casa Luz in Barcelona for €40 million. The 65-room hotel is near Plaza Catalunya. Extendam and Redcliffe Capital acquired Radisson Blu Zaffron Resort in Santorini for €28.3 million. The resort has 103 rooms and is beachside in Kamari. Silken Hotels acquired Hotel Antequera Hills in Andalusia, Spain.

💵 American Express agreed to buy TheFork, Tripadvisor's European restaurant-reservation platform, for $700 million on June 15, 2026. TheFork operates across 50,000 restaurants in 11 countries, generating $232 million in revenue over 12 months. Amex's acquisitions, including Resy in 2019 and Tock in 2024, expand its dining network to 75,000 venues. This strategic move enhances Amex's position in dining discovery, aligning with cardmember engagement trends, with dining spend growing over 20% in Q4.

🏖 Club Med and VICI Properties plan to redevelop Carambola Beach Resort in St. Croix, USVI. Following VICI's acquisition, they will lease to Club Med for a 150-key resort. Originally built in 1986, the renovation aligns with sustainability goals, targeting BREEAM and Green Globe certifications. Expected to begin in summer 2026, reopening is set for Q4 2027. The project aims to create around 200 direct jobs and stimulate economic growth in the region.

Here's a concise summary based on the article: 🏨 RealTime Reservation is acquiring STAY, a guest experience platform for hotels. The deal will be announced at the HITEC hospitality conference. The acquisition aims to integrate booking systems for services like spas, restaurants, and activities, addressing the fragmentation of vendor systems and payment setups, enhancing service bundling and revenue measurement for hotels. Terms of the deal remain undisclosed.

🏨 United Urban Investment Corporation acquired two hotels in Japan for JPY5.1 billion: Grand STAY Hakata in Fukuoka (JPY1.85 billion) and GRIDS TOKYO UENO in Tokyo (JPY3.25 billion). These 40-key hotels are valued at JPY46.1 million and JPY81.3 million per key, respectively. Expected to finalize by June 2026, they have NOI yields of 5.2% and 4.2%. The Grand STAY is near Hakata Station, completed in February 2021; GRIDS TOKYO UENO near JR Ueno Station, completed in September 2019.