2026/07/20 – 2026/08/02
Korea
- Shinsegae and OKO Form a Joint Venture: South Korea’s Shinsegae Property and US-based OKO Group signed an agreement to establish a joint venture with an initial commitment of USD 500 million (approximately ₩750 billion). The partners will develop hotels and branded residences under Switzerland-based Aman Group’s Aman and Janu brands across Asia and North America, and also pursue mixed-use commercial developments at home and abroad. Combining Shinsegae Property’s large-scale mixed-use experience, including Starfield, with OKO Group’s luxury hospitality expertise, the deal marks Shinsegae Property’s full-scale entry into international hospitality development. Aman Group currently operates 36 assets across 21 destinations.
- Implementation Agreement for Jamsil Sports·MICE: On July 28, the Seoul Metropolitan Government signed an implementation agreement with Seoul Smart MICE Park (led by Hanwha’s construction division), the preferred bidder for the Jamsil Sports·MICE complex public-private project. Roughly 290,000 square meters around the Jamsil Sports Complex will host exhibition and convention facilities 2.5 times the size of COEX, a domed baseball stadium, and lodging, retail, and office facilities including a four-star business hotel. The domed stadium is designed so that games can be viewed from hotel guestrooms and lounges. Total project cost is about KRW 2.6955 trillion, and after four years of negotiations since the 2021 preferred-bidder selection, the project is on track for completion in 2032.
APAC
- Star Resorts Acquires Namyu the Place: Japan-based Star Resorts acquired Namyu the Place, a luxury boutique resort on Miyako Island in Okinawa. The price was not disclosed. Opened in 2021, the property comprises five private villas—each with its own terrace and infinity pool—and an onsite restaurant. Before the acquisition, it recorded occupancy of around 30% and an ADR exceeding JPY 200,000. Currently closed for renovation, it is expected to reopen under a new brand later this year. Star Resorts continues to pursue value-add investments across Miyako and neighboring Irabu Island.
- IHG Signs 24 New Hotels in Greater China: IHG Hotels & Resorts’ Holiday Inn hosted a Hotel Owner Forum and Signing Ceremony in Beijing, announcing the signing of 24 new hotels across Greater China. The signings span major cities and regional markets including Beijing, Shanghai, Guangzhou, and Shenzhen, and address urban, resort, and extended-stay demand through Holiday Inn, Holiday Inn Resort, and Holiday Inn Suites. Nearly 50 years after entering the market, Holiday Inn now has 168 open and 106 pipeline hotels in Greater China, and is accelerating expansion with its space-efficient Holiday Inn 3.0 concept.
Americas
- Hilton Grand Vacations Refinances: US vacation-ownership company Hilton Grand Vacations announced on July 17 that, through an amendment to its credit agreement, it incurred an USD 850 million new term loan to repay approximately USD 849 million of existing borrowings. The new facility matures in July 2033, extending the debt maturity profile by about five years. It carries a Term SOFR floor of 0%, with quarterly principal repayments of 0.25% beginning in the fourth quarter. The transaction is a case of proactively refinancing maturing debt amid a high-rate environment.
- Japan’s APA Acquires Kimpton La Peer: Japan-based APA Hotel, through its subsidiary APA Hotel USA, acquired the 105-key Kimpton La Peer Hotel in West Hollywood, Los Angeles. The seller and price were not disclosed. Located in the Design District near Melrose Avenue and Santa Monica Boulevard, the four-story hotel features a restaurant and bar, an outdoor pool, and rooftop event space. Following the acquisition, IHG will continue to manage the property as Kimpton La Peer West Hollywood. The deal marks Japanese capital entering the US lifestyle hotel market.
Europe
- Praemia Acquires Holiday Inn Genoa City: French real estate investment manager Praemia REIM, through its Italian subsidiary, acquired the four-star, 139-key Holiday Inn Genoa City in Genoa from ANAV Investment Group. The hotel has long been operated by Italian operator Gruppo CHC under an IHG franchise, and sits near the city’s ferry and cruise terminals with a restaurant, bar, and five meeting rooms. Having sold a B&B Hotel in Prague, Czech Republic in January 2026, Praemia’s latest deal reflects ongoing portfolio repositioning.
- Atalante and Catinvest Acquire Hotel Le Pic Blanc: French owner-operator Atalante Hotels, together with real estate investor Catinvest, acquired the four-star, 92-key Hotel Le Pic Blanc in Alpe d’Huez, France, from ski-resort operator Sata Group and global investment firm Colony Capital. Located at the foot of the Alpe d’Huez ski resort, the hotel features a restaurant, bar, four meeting rooms, and a spa. The acquisition brings Atalante’s portfolio to 32 hotels, marking the expansion of a European-based operator.
