2025/12/07 – 2025/12/21
Korea
- ‘The Palace 73’ Site Development Resumes: The redevelopment of The Palace 73, located on the former Sheraton Palace Hotel site in Banpo-dong, is gaining momentum after a period of suspension. Singapore-based asset manager Pole Capital signed the acquisition agreement in September and completed the transfer of ownership on November 28. It is also reported that the senior PF loan has been fully executed.
- Meritz and Josun Hotel Acquire Myeongdong and Pangyo Hotels: Meritz Securities and Josun Hotel & Resort, together with UK-based asset manager PAM, have formed a fund to acquire Four Points by Sheraton Josun Myeongdong (375 rooms) and Gravity Seoul Pangyo, Autograph Collection (306 rooms). The total acquisition price is reported to be in the low KRW 500 billion range.
APAC
- IHG to Develop Triple-Brand Hotel Near Osaka USJ: IHG announced plans to open a triple-brand hotel near Universal Studios Japan (USJ) in Osaka in 2029. The project is described as the largest new-build hotel development in Japan, with Sakurajima Kaihatsu named as the developer. The strategy appears to focus on expanding demand coverage through a multi-brand approach in a theme-park-centric tourism district.
- Sale of Hotel COZi Oasis in Hong Kong: The Tang Shing-bor family is reported to have sold Hotel COZi Oasis, a 583-room property in Hong Kong, for approximately HKD 950 million. The transaction implies a price of about HKD 1.63 million per room, representing a roughly 30% discount to previous valuation expectations. The buyer is China Resources Land, and potential repurposing into alternative uses such as student housing has been discussed.
Americas
- PUBLIC Hotel New York Secures CMBS Refinancing: Ian Schrager has secured a USD 310 million refinancing for the 367-room PUBLIC Hotel in Manhattan. JPMorgan provided the CMBS loan, supplemented by a USD 57 million mezzanine tranche from Tikehau Capital. It is also reported that portions of the hotel’s F&B spaces will be reprogrammed with a well-known operator in 2026.
- Myrtle Beach Dual-Brand Hotel Secures Bridge Loan: Singerman Real Estate has obtained an USD 85 million bridge loan to recapitalize its dual-brand hotel assets in Myrtle Beach, South Carolina—Tapestry by Hilton (238 rooms) and DoubleTree (214 rooms). The loan has a three-year tenor with extension options, and Peachtree served as the originating lender.
Europe
- Sale of The Hoxton, Poblenou in Barcelona: The Hoxton, Poblenou, a 240-room lifestyle hotel located in Barcelona’s 22@ innovation district, has reportedly been acquired by Trinity Investments. Opened in 2022, the hotel benefits from strong accessibility to surrounding commercial and retail areas. The transaction is viewed as reaffirming investor preference for lifestyle hotel assets in major European cities.
- InterGlobe Refinances European Hotel Portfolio: India-based InterGlobe is reported to have refinanced its European hotel portfolio through a EUR 250 million loan from Germany’s Aareal Bank. The refinancing is expected to support the expansion of its lifestyle brand Miiro across key European markets, as well as upgrades and repositioning of existing assets.
