1754 Properties Acquires Marriott Winston‑Salem

Evermore Partners and New Castle Hotels & Resorts Acquire Montana Marriott Portfolio

March 30, 2023

Real Estate

Denver-based Evermore Partners and Ridgefield-based New Castle Hotels & Resorts acquired the Montana Marriott Portfolio in downtown Missoula, Montana, comprising a 105-key AC Hotel by Marriott, a 175-key Residence Inn by Marriott, and The Mercantile (approx. 20,000 sq. ft. of retail). The co-sponsors said the acquisition expands their presence in the Rocky Mountain region and broadens New Castle's management platform to the West.

Marriott Vacations Worldwide Acquires Welk Resorts for Approximately $430 Million

January 26, 2021

Restaurants & Hospitality

Marriott Vacations Worldwide (MVW) entered into a definitive agreement to acquire Welk Resorts, a family-owned timeshare and resort operator, for approximately $430 million, including stock. The deal expands MVW’s Hyatt Residence Club footprint by adding eight upper-upscale resorts (nearly 1,400 keys) and ~55,000 owners, and is expected to close in early Q2 2021 subject to customary approvals.

Meritage Hospitality Group Acquires 25 Wendy's Restaurants in North Carolina and Virginia

May 10, 2023

Restaurants & Hospitality

Meritage Hospitality Group Inc. acquired 25 Wendy's franchised restaurants located across North Carolina and Virginia, adding approximately $42.0 million in annual sales. The acquisition is part of Meritage's five-year growth plan to expand its Wendy's operating base and will be integrated into the company's operating and remodeling programs.

Peachtree Group Acquires AC Hotel by Marriott (Park City, UT)

September 19, 2024

Real Estate

Peachtree Group acquired the 100-room AC Hotel by Marriott in Park City, Utah — its sixth hotel purchase of the year as the firm expands its hospitality portfolio. The asset will be operated by Peachtree's hospitality management division as part of its growing hotel platform.

Hospitality at Work Acquires Vector Property Services

October 9, 2025

Real Estate

Hospitality at Work, a property management platform and subsidiary of Lowe, has acquired Denver-based Vector Property Services, adding roughly 2.5 million square feet to its nationwide portfolio. Most of Vector’s property management, engineering, and accounting staff (fifteen team members) will join Hospitality at Work as the company expands its office and mixed-use management footprint in Denver and nationwide.

Marriott International Acquires citizenM

July 23, 2025

Restaurants & Hospitality

Marriott International has completed its acquisition of the lifestyle hotel brand citizenM, adding citizenM's global portfolio of 37 open hotels (8,789 rooms) and its near-term pipeline to Marriott's select-service offerings. Marriott will integrate citizenM into its systems and loyalty program to accelerate the brand's global expansion and broaden lodging choices for Marriott Bonvoy members.