2018 was yet another banner year for lodging M&A. Numerous high-profile transactions were recorded such as the recent acquisition of Belmond by VMH Moët Hennessy Louis Vuitton for $3.2 billion, Hyatt’s acquisition of Two Roads Hospitality, Jin Jiang’s purchase of Radisson Holdings (including Radisson Hotel Group), Wyndham’s acquisition of La Quinta and Accor’s buying spree ...