2026/09/21 – 2026/10/04
Korea
- Hoban Group to develop integrated resort at Hwajinpo, Goseong: Hoban Hotel & Resort, an affiliate of Hoban Group, signed an investment agreement with Gangwon State and Goseong County on September 28 to develop the Hwajinpo International Resort Destination. The company plans to invest KRW 680 billion in total to build a stay-oriented integrated resort on a site of about 170,000 sqm in Chodo-ri, Hyeonnae-myeon, Goseong County. The resort will have a 450-key hotel along with F&B, leisure, and retail facilities. Work to relocate a military unit from the site began last December, and approval of the amended tourist-site development plan was obtained this month. Construction is scheduled to start in the first half of 2027, with completion targeted for 2030.
- Series by Marriott enters Korea with Seoul Guro opening: Series by Marriott, Marriott International’s midscale brand, entered Korea for the first time on September 29 with the opening of the 104-key Anook Signature Seoul Guro, Series by Marriott, near Guro Digital Complex in Seoul. Korea follows the brand’s debut in India in 2025 and its entry into Japan this April. The hotel is operated by The Hyoosik, a Korean midscale hotel operator. It offers wellness facilities, including a sauna, fitness center, and rooftop lounge, and is connected to the Marriott Bonvoy booking network. More hotels under the brand are set to open in Insadong, Incheon Guwol, and Busan Haeundae within the year.
APAC
- UOL to acquire Hyatt Regency Hong Kong Tsim Sha Tsui: Singapore’s UOL Group is reportedly in talks to acquire the 381-key Hyatt Regency Hong Kong Tsim Sha Tsui for about HKD 3 billion, or about HKD 7.9 million per key. The sellers are New World Development and the Abu Dhabi Investment Authority (ADIA), which each own a 50% stake. The hotel opened in 2009 and sits in a mixed-use building that also houses K11 Art Mall. The reported price is about 13% below the valuation at the time ADIA acquired its stake in 2015.
- CPPIB acquires stake in Prestige Hospitality Ventures: The Canada Pension Plan Investment Board (CPPIB) acquired an approximately 27% stake in Prestige Hospitality Ventures, the hotel subsidiary of India’s Prestige Estates, for INR 30 billion. This is CPPIB’s first direct investment in India’s hotel market. The deal follows the withdrawal of the subsidiary’s planned IPO, and most of the capital will go toward business expansion. The company operates seven hotels with 1,445 keys, including Conrad Bengaluru, and is developing more than 2,500 keys in Mumbai, Delhi, Goa, and other cities.
Americas
- Braemar sells Four Seasons Resort Scottsdale: US-based Braemar Hotels & Resorts signed an agreement to sell the 210-key Four Seasons Resort Scottsdale at Troon North in Scottsdale, Arizona, to Evergreen Acquisitions for USD 372 million, or about USD 1.77 million per key. Braemar acquired the property in 2022 for USD 267.8 million and expects a gain of about USD 100 million. Meanwhile, amid an ongoing control dispute with its largest shareholder, Al Shams Investments, Braemar has postponed its annual shareholder meeting to December 21.
- Park Hotels repays Hilton Hawaiian Village CMBS loan: US-based Park Hotels & Resorts repaid in full the USD 1.275 billion CMBS loan secured by the 2,860-key Hilton Hawaiian Village Waikiki Beach Resort in Honolulu, Hawaii, ahead of its November maturity. The repayment was funded with a USD 700 million mortgage loan secured by the Bonnet Creek resort complex in Florida and a USD 600 million term loan. As a result, Hilton Hawaiian Village is now unencumbered, and the company’s weighted-average debt maturity has been extended by about 1.5 years to 3.1 years.
Europe
- DeSilva Group acquires four Accor hotels in Poland from Essendi: Poland’s DeSilva Group acquired four Accor-branded hotels with a total of 752 keys from France’s Essendi. The portfolio comprises the 368-key Sofitel Warsaw Victoria in Warsaw and one Novotel, one ibis, and one ibis Styles in Szczecin. The price was not disclosed. Sofitel Warsaw Victoria, which opened in 1976, will continue to be operated by Accor. Essendi decided to sell to focus on economy and midscale assets. The deal brings DeSilva Group’s portfolio to 24 hotels.
- Whitbread acquires two Future Inns hotels: UK-based Whitbread acquired two hotels in Bristol and Plymouth with a total of 292 keys from Future Inns and closed the deal on October 2. Both hotels will be renovated and converted to Premier Inn by mid-December, with 155 keys reopening for business from November 2. Premier Inn will then have four hotels in Plymouth city centre and five in Bristol city centre. Whitbread plans to expand Premier Inn to 98,000 keys across the UK and Ireland by 2031.
