Tracked deals
549
549 tracked deals across 2010-2026.
Top Restaurants & Hospitality Acquirers (2010-2026)
Buyer mix
Mixed buyer set
370 strategic · 324 pe
Top trend
Volume peaked in 2024
99 tracked deals announced in 2024.
Primary Insight
What Stands Out
- Buyers range from restaurant operators and franchisors to hospitality and leisure-focused investors (e.g., Pursuit Attractions and Hospitality, Local Favorite Restaurants, Foodtastic, Bass Pro Shops).
- Growth strategies often emphasize scale while maintaining brand identity and customer experience (e.g., Kinton Ramen, Cotton Patch Cafe, and Cheeca Lodge & Spa).
- Transactions include both direct property/brand acquisitions (e.g., hotels, resorts, tours) and refranchising or franchise footprint changes (e.g., Red Robin units; Dutch Bros shop expansion).
- Geographic activity is clustered across North America, with additional cross-border hospitality deals appearing in Australia and other international locations.
| Where deals show up recently | Examples of locations mentioned |
|---|---|
| Canada | British Columbia; Ontario |
| U.S. | Texas; Florida; Colorado; Arizona; Massachusetts |
| International | Australia; London; Kuala Lumpur |
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Top Buyers
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| Arcis Golf | 6 | Owner and operator of private, resort, and daily‑fee golf... | Strategic |
| Bowlero Corp. | 6 | Operator of location-based entertainment venues (Bowlero,... | Strategic |
| Garnett Station Partners | 5 | New York-based principal investment firm that partners wi... | PE |
| L Catterton | 5 | Global consumer-focused private equity firm investing in ... | PE |
| Savory Fund | 5 | Operator-led growth fund that partners with fast-casual r... | PE |
| Alterra Mountain Company | 4 | Owner and operator of a portfolio of mountain resorts and... | Strategic (PE-backed) |
| Brentwood Associates | 4 | Los Angeles–based growth-oriented private equity firm foc... | PE |
| Craveworthy Brands | 4 | Fast-casual restaurant platform that acquires, operates a... | Strategic |
| H.I.G. Capital | 4 | Global alternative investment firm providing equity and d... | PE |
| MCR | 4 | Nationwide hotel owner-operator managing a portfolio of p... | Strategic |
Acquisition Volume in Restaurants & Hospitality by Year
Last 10 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
- Buyer
- Golub Capital
- Target
- Church's Texas Chicken
- Seller
- High Bluff Capital Partners, Future Standard
- Industry
- Restaurants & Hospitality
- Location
- Georgia, United States
- Type
- Growth capital
Golub Capital provided a strategic growth equity investment in Church's Texas Chicken to support restaurant development, remodeling, and continued expansion. The deal terms were not disclosed.
-
- Buyer
- Biscuit Belly
- Target
- Maple Street Biscuit Company
- Seller
- Cracker Barrel
- Industry
- Restaurants & Hospitality
- Location
- Kentucky, United States
- Type
- Divestiture
Biscuit Belly announced it is acquiring 34–35 locations of Maple Street Biscuit Company, a subsidiary of Cracker Barrel, in order to accelerate growth across the Southeast. Biscuit Belly will convert the acquired locations to the Biscuit Belly brand over the next 18–24 months, targeting more than 60 units by the end of 2028.
-
July 17, 2026
- Buyer
- Pursuit Attractions and Hospitality
- Target
- Eagle Wing Tours
- Industry
- Restaurants & Hospitality
- Location
- British Columbia, Canada
- Type
- Buyout
Pursuit Attractions and Hospitality acquired Eagle Wing Tours, a whale watching and marine wildlife operator based in Victoria, British Columbia. The transaction closed on July 14, 2026 and terms were not disclosed, with Eagle Wing continuing to operate under its existing leadership.
-
- Buyer
- Nocturne Luxury Villas
- Target
- Jayne's Luxury Rentals
- Industry
- Restaurants & Hospitality
- Location
- Ontario, Canada
- Type
- Buyout
Nocturne Luxury Villas announced the acquisition of Jayne's Luxury Rentals, a premier luxury vacation rental company in Canada. The deal makes Jayne's Nocturne’s first Canadian destination and strengthens its collection of destination-based luxury hospitality brands.
-
- Buyer
- Local Favorite Restaurants
- Target
- Cotton Patch Cafe
- Seller
- Altamont Capital Partners
- Industry
- Restaurants & Hospitality
- Location
- Texas, United States
- Type
- Buyout
Local Favorite Restaurants, a Dallas-based restaurant group, acquired Cotton Patch Cafe, a Texas comfort-food chain, from Altamont Capital Partners. The 46-unit operator will add a regional brand with locations in Texas and New Mexico to Local Favorite’s portfolio of Texas-focused restaurant concepts; financial terms were not disclosed.
-
- Buyer
- Founders Table Restaurant Group
- Target
- Hopdoddy Burger Bar
- Industry
- Restaurants & Hospitality
- Location
- Texas, United States
- Type
- Buyout
Founders Table Restaurant Group acquired Hopdoddy Burger Bar, the Austin, Texas-based fast-casual burger brand. The deal expands Founders Table’s portfolio by adding Hopdoddy’s 47 U.S. locations (more than 30 in Texas) and bringing the platform to over 200 restaurants across 18 states with systemwide revenue approaching $500 million.
-
June 25, 2026
- Buyer
- AMTD IDEA Group, AMTD Digital Inc., AMTD Group Inc., The Generation Essentials Group (TGE)
- Target
- The Ritz-Carlton, Perth, AMTD IDEA Tribeca Hotel (New York), AMTD Dao by Dorsett Hornsey (London), AMTD IDEA KL Hotel (Kuala Lumpur)
- Industry
- Restaurants & Hospitality
- Location
- Australia
- Type
- Buyout
AMTD IDEA Group, AMTD Digital (and related entities within AMTD Group) completed the acquisitions of four hotels—The Ritz-Carlton, Perth; AMTD IDEA Tribeca Hotel in New York; AMTD Dao by Dorsett Hornsey in London; and AMTD IDEA KL Hotel in Kuala Lumpur—for total consideration of approximately US$207 million. The acquisitions expand and consolidate the group’s hospitality portfolio into the AMTD Hotels Group segment, expected to increase 1H 2026 revenue.
-
- Buyer
- Bass Pro Shops
- Target
- Cheeca Lodge & Spa
- Industry
- Restaurants & Hospitality
- Location
- Florida, United States
- Type
- Buyout
Bass Pro Shops agreed to acquire Cheeca Lodge & Spa, a historic oceanfront resort in Islamorada, Florida. The deal is being made through Bass Pro Shops’ nature-based resorts division and is expected to enhance the property while preserving its character and heritage; financial terms were not disclosed.
-
June 16, 2026
- Buyer
- Foodtastic
- Target
- Kinton Ramen
- Seller
- James Kim
- Industry
- Restaurants & Hospitality
- Location
- Ontario, Canada
- Type
- Buyout
Foodtastic, a Canadian restaurant franchisor, announced it has acquired Kinton Ramen, a Canadian-born Japanese ramen brand with locations across Canada and the United States. Foodtastic plans to expand Kinton Ramen in Canada using its operating infrastructure while preserving the menu, loyalty program, brand identity, and franchisee relationships.
-
June 15, 2026
- Buyer
- Op Burgers, LLC, Kuber Oregon, LLC, Kuber Washington, LLC
- Target
- 86 company-owned Red Robin restaurants (refranchising target units)
- Seller
- Red Robin Gourmet Burgers, Inc.
- Industry
- Restaurants & Hospitality
- Location
- Colorado, United States
- Type
- Divestiture
Red Robin Gourmet Burgers, Inc. has entered into two refranchising agreements to sell 86 company-owned restaurants for $72.5 million to Op Burgers and Kuber. The Op Burgers deal covers 69 units across multiple Midwestern and Southeastern states, while Kuber will acquire 17 units in Oregon and Washington; both are expected to close in the second half of 2026, subject to customary closing conditions.
-
- Buyer
- Tucker's Farm Corporation
- Target
- Restaurant Franchisor (30-year-old brand operating 24 locations)
- Industry
- Restaurants & Hospitality
- Location
- United States
- Type
- Buyout
Tucker's Farm Corporation announced the acquisition of a 30-year-old restaurant franchisor operating 24 franchise and corporate-owned locations across 13 states, generating approximately $80 million in system sales and serving more than 1.4 million customers annually. The company said it will support the brand’s continued expansion while maintaining the quality and authenticity of the customer experience.
-
- Buyer
- Happy Belly Food Group
- Target
- PHIRO Fresh Greek Grill
- Industry
- Restaurants & Hospitality
- Location
- Canada
- Type
- Addon
Happy Belly Food Group exercised its right to acquire the remaining 50% of PHIRO Fresh Greek Grill, which will make PHIRO a wholly owned subsidiary of Happy Belly. The transaction is expected to complete on a debt-free basis at a valuation multiple of 7.5x trailing-twelve-month EBITDA, with purchase consideration satisfied via transferring an agreed percentage of the joint venture’s existing Happy Belly shares (no cash and no issuance of new shares). Final transaction details are expected after reconciliations are completed in Q3 2026.
-
- Buyer
- Dutch Bros Inc.
- Target
- Phoenix East Valley franchise
- Seller
- Jim Thompson
- Industry
- Restaurants & Hospitality
- Location
- Arizona, United States
- Type
- Buyout
Dutch Bros Inc. has entered into an agreement to acquire the Phoenix East Valley franchise from longtime owner Jim Thompson as Thompson retires. The deal is expected to close in the third quarter of 2026 and will expand Dutch Bros’ company-operated shop footprint in Arizona by adding 29 shops, subject to customary closing conditions.
-
- Buyer
- Pappas Restaurants, Inc., Pappas Restaurants
- Target
- On The Border Mexican Grill & Cantina
- Industry
- Restaurants & Hospitality
- Location
- Texas, United States
- Type
- Buyout
Pappas Restaurants, a family-owned restaurant group, has completed the acquisition of On The Border Mexican Grill & Cantina. The deal closed in May 2025 and brings the Tex-Mex brand into Pappas’ portfolio of dining concepts.
-
- Buyer
- Northgate Resorts
- Target
- Martha's Vineyard Family Campground
- Seller
- Feeney family
- Industry
- Restaurants & Hospitality
- Location
- Massachusetts, United States
- Type
- Buyout
Northgate Resorts announced the acquisition of Martha's Vineyard Family Campground, the island’s only campground, located in Vineyard Haven, Massachusetts. The acquired property features 180 campsites and rustic cabins and is about 1.5 miles from the Vineyard Haven ferry terminal.
-
- Buyer
- EoS Fitness
- Target
- 14 big-box gym locations acquired by EoS Fitness (names not specified)
- Industry
- Restaurants & Hospitality
- Location
- United States
- Type
- Addon
EoS Fitness, the High Value. Low Price. (HVLP) gym chain, acquired 14 big-box gym locations across Arizona, California, Florida and Texas and plans to redesign each before reopening as EoS Fitness. The company also opened three new gyms, signed 11 new leases, and reinvested $10 million into existing locations during Q1 2026.
-
March 27, 2026
- Buyer
- Saber Ammori, Andrew Dickow, Kevin Denha
- Target
- Buddy's Pizza
- Industry
- Restaurants & Hospitality
- Location
- Michigan, United States
- Type
- Buyout
Detroit-style pizza chain Buddy's Pizza was acquired by a Detroit-based group of local investors led by Saber Ammori, Andrew Dickow, and Kevin Denha. The investors say they have deep personal ties to the brand and plan to preserve its core identity while focusing on operational excellence and long-term growth.
-
March 19, 2026
- Buyer
- Suchad Chiaranussati, SC Capital Partners, Hotel Management Japan (HMJ), Topotels Hotels & Resorts
- Target
- Fusion Hotel Group
- Industry
- Restaurants & Hospitality
- Location
- Vietnam
- Type
- Buyout
Fusion Hotel Group, a Vietnam-based wellness hospitality brand and management company, has been acquired by Suchad Chiaranussati, founder and chairman of SC Capital Partners. The acquisition is intended to help build a scaled pan-Asian hotel management platform by integrating Fusion with Chiaranussati’s other hospitality holdings, including Hotel Management Japan and Topotels Hotels & Resorts.
-
February 26, 2026
- Buyer
- a21
- Target
- Two12
- Industry
- Restaurants & Hospitality
- Location
- Illinois, United States
- Type
- Growth capital
a21 has acquired an equity stake in Two12, the culinary-focused talent management company founded by Scott R. Feldman, forming a strategic partnership to integrate talent representation with a21’s event production, marketing, and brand partnership capabilities. Paradigm Talent Agency will continue to support Two12, and the alliance will immediately extend across a21’s portfolio of food- and wine-focused events and planned touring platforms to expand opportunities across food, beverage, hospitality, and media.
-
- Buyer
- Tradewinds Universal, Inc.
- Target
- Peppermint Hippo, Peppermint Hippo branded clubs and affiliated concepts (e.g., Las Tóxicas)
- Industry
- Restaurants & Hospitality
- Location
- United States
- Type
- Addon
Tradewinds Universal (OTCID: TRWD) outlined its 2026 acquisition execution plan to buy and integrate multiple Peppermint Hippo location acquisitions, with the first expected in Q1 2026. The company is pursuing a structured multi-state roll-up strategy to consolidate venues under a centralized public holding structure, including standardized reporting, marketing/reservation infrastructure, and operational controls.
-
February 19, 2026
- Buyer
- Foodtastic
- Target
- Central Social Hall
- Industry
- Restaurants & Hospitality
- Location
- Alberta, Canada
- Type
- Buyout
Foodtastic has acquired Central Social Hall, a premium casual dining and social hall brand founded in 2012 and operating two locations in Edmonton. The acquisition expands Foodtastic’s portfolio of Canadian restaurant banners and positions Central Social Hall for a staged roll-out across Alberta and other Canadian provinces.
-
February 19, 2026
- Buyer
- Streamside Parks
- Target
- Verde River RV Resort & Cottages, Indian Waters RV Resort, Fayetteville RV Resort and Cottages, Raleigh Oaks RV Resort and Cottages, Twin Grove RV Resort & Cottages, Americamps RV Resort & Cottages, VA North Landing Beach RV Resort & Cottages
- Industry
- Restaurants & Hospitality
- Location
- United States
- Type
- Addon
Nashville-based Streamside Parks acquired a $97 million portfolio of seven premium RV resorts across five states, adding 1,562 RV sites to its platform. The deal expands Streamside's footprint into new markets and brings the company's portfolio to 37 resorts and campgrounds (more than 4,200 RV sites) across 16 states.
-
February 12, 2026
- Buyer
- Expedition:Earth, Providence Investment Partners
- Target
- EXPLORE, Inc.
- Industry
- Restaurants & Hospitality
- Location
- Colorado, United States
- Type
- Buyout
Expedition:Earth, a new Texas-based multi-brand operator, announced a strategic investment to acquire EXPLORE, Inc., a Steamboat Springs, Colorado-based luxury tour operator specializing in custom travel throughout Africa and select global destinations. Providence Investment Partners provided debt and equity financing to support the transaction, which serves as Expedition:Earth's inaugural platform acquisition under its buy-and-build growth strategy to expand capabilities, distribution and technology while preserving EXPLORE's founder-led culture.
-
February 10, 2026
- Buyer
- Wonder
- Target
- Blue Ribbon Fried Chicken
- Seller
- Blue Ribbon Restaurants
- Industry
- Restaurants & Hospitality
- Location
- New York, United States
- Type
- Buyout
Wonder has acquired the Blue Ribbon Fried Chicken brand and its East Village restaurant from Blue Ribbon Restaurants, taking ownership of the concept, its physical Manhattan location and current employees. Wonder plans to keep the East Village location operating as usual while leveraging its mealtime platform to scale the chef-driven fast-casual concept to additional Wonder locations and channels over time.
-
February 10, 2026
- Buyer
- Different Hospitality
- Target
- Boomtown Coffee
- Industry
- Restaurants & Hospitality
- Location
- Texas, United States
- Type
- Buyout
Different Hospitality, a newly formed Houston hospitality group founded by Charlie McIntyre, has acquired local specialty roaster Boomtown Coffee. The deal, brokered by Transworld Business Advisors of South & West Texas, was described as values-aligned with terms undisclosed and aims to preserve Boomtown's brand, leadership and existing cafes while providing operational support and long-term stability.
-
- Buyer
- Jack Omer
- Target
- Lee's Famous Recipe Chicken (five Indiana franchise units - Connersville, Muncie, Richmond, New Castle and one additional Indiana unit)
- Industry
- Restaurants & Hospitality
- Location
- Indiana, United States
- Type
- Addon
Jack Omer, grandson of Lee's co-founder Harold Omer, has acquired five existing Lee's Famous Recipe Chicken franchise restaurants across Indiana, including units in Connersville, Muncie and Richmond (and an earlier purchase in New Castle). The acquisitions are part of a multi-unit growth strategy that includes remodels to update locations to current brand standards and expand the franchisee's footprint in central Indiana.
-
February 2, 2026
- Buyer
- Crestview Partners, AltitudeX Aviation Group, Members of Tailwind's existing management team
- Target
- Tailwind Hospitality, Inc.
- Seller
- Palladin Consumer Retail Partners
- Industry
- Restaurants & Hospitality
- Location
- North Carolina, United States
- Type
- Buyout
Crestview Partners has acquired Tailwind Hospitality, an airport concessions operator, from Palladin Consumer Retail Partners. Crestview is investing alongside AltitudeX Aviation Group and members of Tailwind’s management; Tailwind will remain led by CEO Jeff Switzer and will pursue further organic and acquisition-driven expansion across U.S. airports.
-
January 21, 2026
- Buyer
- StayTerra, Garnett Station Partners, Bessemer Venture Partners
- Target
- Vacation Homes of Hilton Head
- Industry
- Restaurants & Hospitality
- Location
- South Carolina, United States
- Type
- Addon
StayTerra, a vacation rental platform backed by Garnett Station Partners and Bessemer Venture Partners, announced an investment in Vacation Homes of Hilton Head (VHHH), a luxury property management and vacation rental operator on Hilton Head Island, South Carolina. The deal expands StayTerra's portfolio into the southeastern Atlantic coast and positions VHHH for growth leveraging StayTerra's technology, customer service capabilities and growth capital.
-
January 21, 2026
- Buyer
- OneRyan Global LLC
- Target
- Mr Gatti's Pizza
- Industry
- Restaurants & Hospitality
- Location
- Texas, United States
- Type
- Buyout
Dallas-based OneRyan Global LLC, the family office of G. Brint Ryan, acquired a controlling interest in Mr Gatti's Pizza. Terms were not disclosed, and Mr Gatti's corporate headquarters and senior leadership are expected to remain in place, with Brint Ryan joining as Chairman of the Board of Managers.
-
January 20, 2026
- Buyer
- Northland Properties
- Target
- Denny's Canada (Canadian trademarks, intellectual property and exclusive rights)
- Seller
- Denny's Inc.
- Industry
- Restaurants & Hospitality
- Location
- British Columbia, Canada
- Type
- Buyout
Northland Properties has acquired the trademarks, intellectual property and exclusive rights to the Denny's brand in Canada, consolidating full control of the chain after more than three decades as its master franchisor. The transaction also includes an equity stake in Denny's Inc., positioning Northland to align with the global brand while pursuing Canadian-specific growth and operational strategies for the network of ~85 restaurants employing over 3,500 people.
-
January 16, 2026
- Buyer
- TriArtisan Capital Advisors LLC, Treville Capital Group LLC, Yadav Enterprises, Inc.
- Target
- Denny's Corporation
- Industry
- Restaurants & Hospitality
- Location
- United States
- Type
- Buyout
Denny’s Corporation completed its previously announced acquisition by a consortium led by TriArtisan Capital Advisors, along with Treville Capital Group and franchisee Yadav Enterprises. The $620 million all-cash transaction took Denny’s private and resulted in Denny’s common stock ceasing to trade on Nasdaq as of January 16, 2026.
-
January 15, 2026
- Buyer
- Kasa, Silver Lake Waterman
- Target
- Mint House
- Seller
- Mint House shareholders (including Mohari Hospitality and Revolution Ventures)
- Industry
- Restaurants & Hospitality
- Location
- New York, United States
- Type
- Buyout
Kasa has acquired Mint House in an all-equity transaction, integrating Mint House's portfolio (roughly 22 properties / nearly 1,000 residential hospitality units) into Kasa's platform to create the largest U.S. operator of apartment-style and traditional hotels. The deal follows a $40 million investment from Silver Lake Waterman backing Kasa and is intended to drive scale, cost efficiencies and improved commercial performance across distribution, revenue management and guest engagement.
-
January 14, 2026
- Buyer
- Resident
- Target
- BLACE
- Industry
- Restaurants & Hospitality
- Location
- New York, United States
- Type
- Buyout
Resident, a New York–based culinary and experiential hospitality platform, has acquired BLACE, a venue and vendor booking platform operating in New York City and Los Angeles. The acquisition expands Resident’s asset-light hospitality capabilities and enterprise product offering, enabling the company to offer large-format venues and launch culinary experiences in Los Angeles through BLACE’s network.
-
January 12, 2026
- Buyer
- Arrivia
- Target
- Bon Voyage Travel
- Industry
- Restaurants & Hospitality
- Location
- British Columbia, Canada
- Type
- Buyout
Arrivia, a global travel loyalty and technology company, has acquired Bon Voyage Travel, a luxury-focused, advisor-led travel agency. The deal preserves Bon Voyage Travel's brand and leadership (President Ryan Hansen remains in place; founder Peter Evans will serve in an advisory role) and is intended to strengthen Arrivia's presence in the premium and luxury cruise market; financial terms were not disclosed.
-
January 1, 2026
- Buyer
- Dutch Bros Inc.
- Target
- Clutch Coffee Bar
- Industry
- Restaurants & Hospitality
- Location
- North Carolina, United States
- Type
- Buyout
Dutch Bros Inc. acquired Clutch Coffee Bar, a regional drive-thru coffee operator with 20 locations across North Carolina and South Carolina. The transaction closed in January 2026, with Armory Securities serving as Clutch Coffee’s exclusive financial advisor.
-
December 23, 2025
- Buyer
- Carlyle Asia Partners
- Target
- KFC Korea
- Industry
- Restaurants & Hospitality
- Location
- South Korea
- Type
- Buyout
Carlyle Asia Partners, through an affiliated entity, has entered into a definitive agreement to acquire a 100% stake in KFC Korea. The deal aims to support KFC Korea’s next phase of growth in South Korea by partnering with management to accelerate new store openings, strengthen marketing, and drive menu innovation.
-
December 18, 2025
- Buyer
- Jack Omer
- Target
- Lee's Famous Recipe Chicken (New Castle, Indiana franchise location), Five Lee's Famous Recipe Chicken franchise locations in Indiana (multi‑unit acquisition)
- Seller
- Mike Fort
- Industry
- Restaurants & Hospitality
- Location
- Indiana, United States
- Type
- Buyout
Jack Omer, a third‑generation member of the Lee's Famous Recipe Chicken family, acquired the New Castle, Indiana Lee's franchise location from longtime franchisee Mike Fort and signed a development agreement to open multiple new locations in the greater Indianapolis area. Subsequent reporting indicates Omer completed a multi‑unit acquisition of five Lee's franchise locations in Indiana as part of a broader multi‑unit growth and geographic expansion plan.
-
December 17, 2025
- Buyer
- White Rhino Coffee
- Target
- Emporium Pies
- Seller
- Landon Perdue, Jen Abohosh, Addie Roberts
- Industry
- Restaurants & Hospitality
- Location
- Texas, United States
- Type
- Buyout
Dallas-based White Rhino Coffee has acquired Emporium Pies, with Emporium Pies continuing to operate under its own brand and core baking staff remaining in place. White Rhino plans to explore expanding Emporium Pies across the Dallas–Fort Worth area and roll out integrated menu collaborations such as coffee-and-pie pairings.
-
December 17, 2025
- Buyer
- Wedgewood Weddings & Events
- Target
- Primrose Cottage, Flint Hill, The Atrium, Vinewood Stables, Natalie House, A Divine Event
- Seller
- Magic Moments
- Industry
- Restaurants & Hospitality
- Location
- Georgia, United States
- Type
- Addon
Wedgewood Weddings & Events has acquired five Atlanta-area venues — Primrose Cottage (Roswell), Flint Hill (Norcross), The Atrium (Norcross), Vinewood Stables (Newnan) and Natalie House (Lawrenceville) — from Magic Moments and is integrating the A Divine Event design studio into its model. The deal expands Wedgewood’s portfolio to more than 80 venues across nine states and brings local design and catering capabilities into its all-inclusive wedding venue offering.
-
December 16, 2025
- Buyer
- Pickleball Kingdom
- Target
- The Pickle Jar
- Industry
- Restaurants & Hospitality
- Location
- New Jersey, United States
- Type
- Buyout
Pickleball Kingdom, the premier indoor pickleball franchisor, has acquired The Pickle Jar, an eight-court indoor pickleball club at 315 Roycefield Rd in Hillsborough Township, New Jersey. The location will be converted into Pickleball Kingdom Hillsborough and operated by franchisees Yashraj Kurani and Dip Jadawala as part of the brand's ongoing New Jersey expansion.
-
December 16, 2025
- Buyer
- H.I.G. Capital
- Target
- Shore Excursions Group, LLC
- Industry
- Restaurants & Hospitality
- Location
- Florida, United States
- Type
- Buyout
H.I.G. Capital, through an affiliate, has completed the acquisition of Shore Excursions Group, the world's largest independent provider of onshore tours and excursions for cruise passengers. Founded in 2008 and headquartered near Fort Lauderdale, Shore Excursions Group coordinates over 4,000 tours across roughly 350 ports and has delivered more than five million tours via travel-agency and direct channels. Marathon Asset Management and Webster Bank arranged a senior-secured credit facility to support H.I.G.'s acquisition and future growth plans.
-
December 3, 2025
- Buyer
- Proof of the Pudding
- Target
- RS3 Strategic Hospitality
- Industry
- Restaurants & Hospitality
- Location
- Texas, United States
- Type
- Buyout
Atlanta-based Proof of the Pudding has acquired RS3 Strategic Hospitality, a Round Rock, Texas–based provider of food and beverage services for sports, entertainment and event venues. The deal expands Proof of the Pudding's national sports and entertainment footprint, strengthens its partnerships in Texas and other key markets, and preserves RS3's brand and leadership team.
-
December 2, 2025
- Buyer
- Areas USA
- Target
- Travel Hospitality Services (THS)
- Seller
- Delaware North
- Industry
- Restaurants & Hospitality
- Location
- New York, United States
- Type
- Divestiture
Areas has completed the acquisition of Delaware North’s Travel Hospitality Services (THS), adding 237 outlets across 22 U.S. airports and more than 4,000 team members. The deal (a divestiture of a Delaware North business unit to Areas USA) expands Areas’ U.S. footprint and scale in travel food & retail, with THS generating over $500 million in annual revenue and significantly increasing Areas USA’s locations and workforce.
-
December 1, 2025
- Buyer
- Waterford Hotel Group, Maverick Hotels & Restaurants
- Target
- Waterford Hotel Group, Maverick Hotels & Restaurants
- Industry
- Restaurants & Hospitality
- Location
- United States
- Type
- Buyout
Waterford Hotel Group and Maverick Hotels & Restaurants have merged to create a combined hospitality management platform with a portfolio of more than 50 properties. The strategic merger expands geographic reach (adding strength in the Midwest and Chicago market), broadens brand mix across Marriott and Hilton properties and boutique inns, and positions the combined company for accelerated growth and development activity.
-
November 17, 2025
- Buyer
- Bain Capital
- Target
- Concert Golf Partners
- Seller
- Clearlake Capital Group
- Industry
- Restaurants & Hospitality
- Location
- Florida, United States
- Type
- Buyout
Bain Capital has invested in Concert Golf Partners as Clearlake Capital completes its exit; terms were not disclosed. Concert Golf, an owner-operator of 39 private golf and country clubs headquartered in Lake Mary, Florida, will be supported by Bain's Private Equity and Real Estate teams to continue platform growth and investment in club amenities.
-
- Buyer
- CPE
- Target
- Burger King China (newly formed Burger King China entity)
- Industry
- Restaurants & Hospitality
- Location
- China
- Type
- Growth capital
Restaurant Brands International (RBI) announced a joint venture with Chinese investment firm CPE in which CPE will invest $350 million to expand Burger King China from about 1,250 restaurants to more than 4,000 by 2035. After closing (expected in Q1 2026 subject to regulatory approvals), CPE will hold 83% of the newly formed Burger King China entity, while RBI will retain about 17% and a board seat.
-
November 13, 2025
- Buyer
- TSG Consumer (TSG Consumer Partners)
- Target
- Pura Vida Miami
- Industry
- Restaurants & Hospitality
- Location
- Florida, United States
- Type
- Growth capital
TSG Consumer (TSG Consumer Partners) has made a strategic minority growth investment in Pura Vida Miami to accelerate the premium health-and-wellness café's nationwide expansion. Co‑founders Omer and Jennifer Horev retain majority ownership and will continue to lead the business as it scales from more than 40 locations across Florida, New York City and Southern California.
-
October 29, 2025
- Buyer
- Uncommon Equity LLC, Saxonwold Capital
- Target
- Project BarFly, LLC (d/b/a HopCat), HopCat
- Industry
- Restaurants & Hospitality
- Location
- Michigan, United States
- Type
- Buyout
Chicago-based private investment firm Uncommon Equity LLC has acquired Grand Rapids-based Project BarFly, LLC, which does business as HopCat, a regional casual dining and craft-beer restaurant group operating 12 Michigan locations and one in Lincoln, Nebraska. Financial terms were not disclosed; senior debt was provided by OakNorth Bank PLC and Rob Selati will participate as a strategic investor through Saxonwold Capital as part of the new ownership group.
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October 15, 2025
- Buyer
- Strategic Gaming Management, LLC, Gaming and Leisure Properties, Inc. (GLPI)
- Target
- Sunland Park Racetrack & Casino
- Industry
- Restaurants & Hospitality
- Location
- New Mexico, United States
- Type
- Buyout
Strategic Gaming Management, LLC (SGM) has completed the acquisition of Sunland Park Racetrack & Casino for $301 million. Immediately following closing, SGM sold the real property to Gaming and Leisure Properties, Inc. (GLPI) in a sale‑leaseback; the deal expands SGM's portfolio of regional gaming assets and adds a leading New Mexico racetrack and casino.
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October 14, 2025
- Buyer
- CP Wolf Ventures, LLC
- Target
- Boardroom (three corporate salon locations in Tulsa and Oklahoma City)
- Seller
- Boardroom
- Industry
- Restaurants & Hospitality
- Location
- Texas, United States
- Type
- Divestiture
Boardroom has closed an area development agreement with CP Wolf Ventures, LLC under which CP Wolf acquires three corporate Boardroom salon locations in Tulsa and Oklahoma City and will develop five additional locations (three in Texas and two in Oklahoma). The CP Wolf franchise group, led by Paul and Caren Wolf of Southlake, Texas, will expand from one to nine locations and deepen Boardroom's franchise footprint as the brand continues franchising growth across the United States.
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Frequently Asked Questions
Which kinds of hospitality assets are being acquired?
Recent deals cover restaurant brands and chains, restaurant franchisors, hotels and hotel portfolios, resorts and campgrounds, and hospitality-adjacent operators such as whale watching/tours.
Are these acquisitions focused only in the U.S. and Canada?
No. While many transactions reference the United States and Canada, the page also includes recent hospitality deals involving Australia and other international locations tied to the same hotel portfolio consolidation.
Do buyers typically change the acquired brand or operations?
Often, the stated plan is to preserve key elements of the brand or operating experience. Examples cited include maintaining Eagle Wing Tours leadership, keeping Kinton Ramen’s menu and loyalty program, and preserving Cheeca Lodge & Spa’s character and heritage.
What financing or deal-structure details appear in these transactions?
Deal structures vary by transaction. Some include disclosed consideration and timing (for example, the Happy Belly Food Group purchase consideration terms and Red Robin refranchising purchase price), while others note that financial terms were not disclosed and only general closing expectations were provided.
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