This story was originally published on Hotel Dive. To receive daily news and insights, subscribe to our free daily Hotel Dive newsletter. Dive Brief: In the third quarter of 2025, hospitality and leisure M&A deal volume was roughly 45% higher than both Q1 and Q2 averages, signaling rising optimism and activity in the sector, according to a PwC report published Tuesday. During the third quarter, private equity investors remained cautious, but corporate acquirers focused on properties that could “expand ...