2025/12/21 – 2026/01/04
Korea
- Hotel Lotte Combines CP Issuance and Asset Disposals: Hotel Lotte announced that it will repay KRW 420 billion of corporate bonds maturing in January 2026 using existing cash reserves. In parallel, the company strengthened its liquidity by issuing private commercial paper (CP) and selling L7 Hongdae for approximately KRW 265 billion. The CP was structured with a relatively long tenor of 18 months, which is interpreted as a preemptive measure to mitigate placement risk.
- KINTEX Anchor Hotel Project Moves Forward: Taeyoung Engineering & Construction secured a KRW 69.8 billion contract from KINTEX to build an anchor hotel. The project involves the development of a lodging property with a gross floor area of approximately 30,500 square meters in the KINTEX district of Goyang City. The construction period has been disclosed as running from May 11, 2026, to February 18, 2030, and is viewed as a reinforcement of lodging infrastructure in a major MICE hub.
APAC
- Hyatt Regency Opens in Nha Trang, Vietnam: Hyatt has opened Hyatt Regency Nha Trang in Nha Trang, a leading resort destination on Vietnam’s south-central coast, marking its entry into the city. This development reflects the rapid filling of brand gaps in major Southeast Asian resort markets and is expected to influence future ADR levels and product competition in the surrounding market.
- First Holiday Inn Planned in Nepal’s Sudurpashchim Province: IHG announced on December 23, 2025, that it has signed an agreement to develop a Holiday Inn in Dhangadhi, located in Nepal’s Sudurpashchim Province. Emphasizing that this will be the first Holiday Inn in the province rather than nationwide, the deal illustrates the expanding penetration of international hotel brands into secondary cities across South Asia.
Americas
- USD 195 Million Loan for Hollywood Park Hotel Development: Bank of America has provided a USD 195 million loan to finance the development of the Kali Hotel within Hollywood Park in Inglewood, Los Angeles. The project is positioned to capture demand generated by nearby stadium and entertainment facilities and is seen as evidence of renewed financing activity for large-scale hotel developments.
- Year-End Review of the U.S. Hotel Transaction Market: According to CoStar, the U.S. hotel transaction market in 2025 proved more challenging than expected due to interest rate volatility and demand uncertainty. Nevertheless, deals were completed across both portfolio and single-asset transactions at mutually acceptable pricing levels. The report highlights that liquidity events continued, supported not only by asset sales but also by alternative routes such as refinancing.
Europe
- London’s BoTree Completes GBP 300 Million Refinancing: The refinancing of the 199-room luxury BoTree hotel in London’s Marylebone district, totaling more than GBP 300 million, has been revisited as a representative example of large single-asset refinancing activity in Europe. The financing package consisted of a GBP 170 million senior loan from BlueWater and a GBP 140 million facility provided by NorthWall.
- Brookfield Acquires Generator Hostels’ European Assets: In its year-end review, CoStar identified Brookfield’s acquisition of Generator Hostels’ European portfolio for EUR 776 million as a significant M&A transaction in the region. The deal underscores the broadening of investment interest beyond traditional hotels into alternative lodging formats such as hostels and select-service properties.
