Restaurants & Hospitality Acquisitions in Virginia

Larsen MacColl Partners (LMP) acquired Mac & Bob's, a full-service restaurant headquartered in Salem, Virginia; the transaction closed on August 6, 2025. LMP partnered with long-time restaurant operator Dave Magrogan to manage and grow the business, and Generational Group served as lead advisor to Mac & Bob's.

Hyatt Hotels Corporation completed the acquisition of Playa Hotels & Resorts N.V., adding 15 all-inclusive resorts across Mexico, the Dominican Republic and Jamaica to its Inclusive Collection. The deal expands Hyatt's all-inclusive footprint and capabilities, incorporating properties already operating under Hyatt Ziva and Hyatt Zilara brands; Hyatt said it will provide additional financial details on its Q2 2025 earnings call.

Flynn Group LP has acquired 13 Panera Bread cafés from Blue Ridge Bread Inc., adding 11 locations in Virginia (Flynn's first Panera presence in the state) and two in West Virginia. The deal increases Flynn's Panera footprint to 145 cafés as the franchising operator continues regional expansion of its multi-brand portfolio.

Savory (Savory Fund) has made a growth investment in South Block, a 15-unit, health-focused fast-casual restaurant chain founded in Clarendon, Virginia. Founder and CEO Amir Mostafavi will remain in place as Savory uses capital and operating expertise from its $200 million Fund III to accelerate South Block's expansion across the Northeast; terms were not disclosed.

[solidcore], a Washington, DC–area boutique fitness studio operator, received a strategic growth investment led by Kohlberg & Company with participation from existing investors VMG Partners and Peterson Partners. The undisclosed investment will be used to accelerate studio openings and expand the brand into new U.S. markets and internationally.

Bowlero Corp has entered into a definitive agreement to acquire Bowl America Incorporated, adding 17 bowling centers across Florida, Virginia and Maryland to Bowlero's portfolio. The transaction expands Bowlero's footprint in North America and is subject to Bowl America stockholder approval and customary closing conditions.

Aimbridge Hospitality and Interstate Hotels & Resorts entered into a definitive agreement to merge, creating a global third-party hotel management leader that will operate more than 1,400 properties across 49 states and 20 countries. Advent International, which acquired a majority stake in Aimbridge earlier in 2019, will assume majority ownership of the combined entity; Kohlberg & Company, which owned Interstate, will relinquish its stake as part of the transaction.