2026/10/26 – 2026/11/08
Korea
- Josun Hotels & Resorts targets 14 domestic properties by 2030: On November 2, Josun Hotels & Resorts disclosed a plan to expand to 14 domestic properties by 2030. The 232-key Orakai Daehakro Hotel in Jongno, Seoul, acquired in June, will begin brand conversion work in January 2027 and open in the first half of that year, while the 427-key Ramada Plaza by Wyndham Yeosu Hotel, whose acquisition closed in October, becomes the company’s first property in the Honam region. Both assets are held through a project REIT by a consortium formed with Shinsegae Property Investment Management, separating ownership from operations, and Cheongna in Incheon and Andong in Gyeongbuk are cited as the next candidate sites.
- Preferred bidder selected for the Boryung Building in Jongno: In the sale of the Boryung Building on Changgyeonggung-ro in Jongno-gu, Seoul, run by Korea Real Estate Investment & Trust (KOREIT), a consortium of Koramco REITs Management & Trust and Hanwha Galleria was named preferred bidder on October 29. The price is reported at around KRW 200 billion, with Hanwha Galleria participating as an equity investor. Completed in 1993 with seven basement levels and 18 floors above ground, the building is under review for conversion into a lodging property, adding keys through a horizontal extension. Hanwha Galleria will re-disclose the investment size and business plan by November 27.
APAC
- Oriental Holdings acquires three Bayview hotels in Malaysia: Oriental Holdings has acquired three Bayview-branded hotels in Malaysia totaling 987 keys for MYR 411 million. The assets are the 365-key Bayview Beach Resort Penang, the 340-key Bayview Hotel Georgetown and the 282-key Bayview Hotel Langkawi. The three hotels will cease operations and, following an MYR 211 million renovation carried out with The Ascott Limited, will reopen in phases from early 2028 under the Ascott, Oakwood and FOX Hotel brands.
- UOL Group withdraws from Hyatt Regency Hong Kong acquisition: UOL Group has withdrawn from negotiations to acquire the 381-key Hyatt Regency Hong Kong Tsim Sha Tsui. Due diligence had proceeded through late September before talks stalled in October, with the price discussed at HKD 3 billion, or about HKD 7.9 million per key. The sellers are New World Development and the Abu Dhabi Investment Authority, which holds a 50% stake, and they have been pursuing a sale for more than three years. Brokers are now approaching alternative buyers.
Americas
- KSL acquires The Ritz-Carlton, Laguna Niguel: KSL Capital Partners has acquired the 373-key The Ritz-Carlton, Laguna Niguel in Dana Point, California. The price was not disclosed, but local market participants estimate it at about USD 600 million, close to twice the USD 317.2 million allocated to the property when Anbang Insurance acquired the Strategic Hotels & Resorts portfolio in 2016. Operations will be handled by Peregrine Hospitality, a KSL affiliate.
- Host Hotels acquires two hotels in Brooklyn and Dallas: On November 4, Host Hotels & Resorts disclosed two acquisitions totaling about USD 374 million. For the 195-key 1 Hotel Brooklyn Bridge in Brooklyn, New York, it acquired the leasehold interest for USD 202 million in cash, marking its first asset in Brooklyn and its fourth in New York City. It also acquired the 308-key Renaissance Dallas at Plano Legacy West in Texas for about USD 172 million, bringing its portfolio to 77 properties and about 41,800 keys.
Europe
- Scandic Hotels acquires Dalata’s hotel operations: On November 2, Scandic Hotels Group completed its acquisition of Dalata Hotel Group’s hotel operations for EUR 500 million. The transaction covers 57 hotels with about 12,500 keys under the Clayton Hotels and Maldron Hotels brands in Ireland and the UK, together with a pipeline of about 1,600 keys. The structure follows the acquisition of Dalata for EUR 1.4 billion by a Pandox and Eiendomsspar joint venture, which then selected Scandic as its operating partner, and Scandic’s operating footprint grows to more than 320 properties across 11 markets.
- Grand Hyatt Barcelona sold to Riu Hotels & Resorts: The 465-key Grand Hyatt Barcelona in Barcelona, Spain, has been sold to Riu Hotels & Resorts for about EUR 300 million, or about EUR 645,000 per key. The sellers are BNP Paribas Asset Management and Blasson Property Investments, and Riu plans to take over operations from April 2027 and convert the hotel to its Riu Plaza brand. The same week also brought news of Swiss Life Asset Managers France’s EUR 26.25 million acquisition of two hotels in Spain.
