Scott Beck

📊 Monday Markey Update: Hospitality Capital Markets: Two Notable Transactions Last Week 🏨 Partners Capital – Houston Galleria Partners Capital acquired the 162-key Homewood Suites by Hilton – Houston Galleria from Magna Hospitality. With an 84% occupancy rate and a 15-year Hilton license, the asset will undergo a multi-million-dollar renovation post-World Cup, including upgrades to guestrooms, public spaces, exterior, and systems. For Partners, the deal reflects hometown conviction—headquarters are less than a mile from the property. 💵 Goldman Sachs – $1.4B Loan for Hyatt Portfolio Goldman priced a $1.4B leveraged loan to back Hyatt’s $2B sale of 15 Playa all-inclusives to Tortuga Resorts (KSL Capital Partners + Rodina Family Office). The financing priced tighter than expected, signaling renewed appetite in leveraged finance for large-scale hospitality M&A. Hyatt retains $200M in preferred equity and up to $143M in earnouts, while expanding its all-inclusive footprint across Mexico, DR, and Jamaica. ⚡Takeaway: Local conviction plays (Partners in Houston) remain attractive where occupancy + brand licensing align with CapEx upside. On the global stage, structured exits with retained equity + earnouts illustrate how institutional platforms like Hyatt are de-risking balance sheets while maintaining growth optionality. The dual trend: hyper-local acquisitions with renovation upside vs. mega-capital markets financings for portfolio reshaping—both shaping hospitality investment flows in 2025. #axecommercialrealestate #hotelownership #rosehasham #axecre #hospitalityinvestment #CRE #commercialrealestate #capitalmarkets #realestateinvesting #institutionalinvestors #privateequity #goldmansachs #hilton #homewood #hyatt Rose Hasham Axe Commercial Real Estate

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BKM Capital Partners, a vertically integrated institutional fund manager, has completed the acquisition of a three-property light industrial portfolio across Dallas-Fort Worth, TX. The 512,000-square-foot portfolio further expands the firm’s Texas footprint, one of the fastest-growing industrial markets in the U.S. “These properties align perfectly with our strategy of acquiring well-located, infill light industrial assets that cater to small and mid-sized tenants,” said Brian Malliet, CEO of BKM Capital Partners. “With strong market fundamentals, significant lease rollover, and flexible functionality, this portfolio provides a compelling opportunity to capture rent growth while creating long-term value through repositioning and hands-on management.” You can learn more about the properties here: https://lnkd.in/gEzMU8PT #BKM #BKMCapitalPartners #LightIndustrial #CREInvestments #IndustrialRealEstate #TexasCRE

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Great morning at the Alliance of M&A Advisors DFW chapter breakfast. Bill McCalpin presented the latest AM&AA national market update survey results, which were very insightful. Key Take-Aways * Owners and Buyers are motivated to transact and age/retirement are driving a growing supply of companies for sale * Half of owners who intended to go to market in the 1s half of 2025, postponed or withdrew their sale process. Deal volume returned to normal in the 2nd half of 2025 * Active deals currently under LOI show higher cumulative total deal value, showing that deals postponed in 2025 are now driving higher M&A volume in early 2026 * EBITDA multiples look to be ticking up by~+0.6x reflective of the high-margin, high-growth companies that are dominating transactions recently * Companies are under-prepared for sale and preparation in advance directly addresses the most prevalent causes of deal failure Mindy Kay McRae Broadbent Jordyn Arons Rosen, CIC, CPCU Aurélia Desmot #mergersandacquisitions

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EXPANSION NEWS: Spruce Capital Partners / S3 Capital, a New York City-based private real estate credit manager, has expanded to Dallas, opening a new office to capitalize on long-term growth opportunities in the multifamily construction sector. The office will be led by Jonathan H. (Jonathan Hart), a seasoned industry professional with previous roles at Thorofare Capital, Peregren Capital Group, Madison Realty Capital and ACORE CAPITAL. https://lnkd.in/dDJGPv5g

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NEW MIRAMAR IOS ACQUISITION: Miramar Capital Advisors Buys 11-Property, 117-Acre IOS portfolio in Houston, TX. Miramar IOS Partners has closed on the acquisition of an 11-property IOS portfolio totaling 117 acres in Houston, TX. The portfolio is clustered in an infill area of northeast Houston, providing convenient access to the Houston Ship Channel. As a result of positive leasing activity to start the year, the portfolio is 100% leased at closing to a variety of tenants across the logistics / transportation, equipment rental, and construction materials industries. Special thanks to Nathan Wynne and the CBRE National Partners team for guiding the process!

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Ashford Hospitality Trust moves to sell four hotels. The Dallas-based REIT is offloading upper-upscale properties to cut leverage and free up cash flow amid strong buyer interest across its portfolio. Read the full article on SQX Alts! #REIT #alternativeinvestments #investing

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