2025/08/03 – 2025/08/17
Korea
- Hanwha Acquires Paraspara Seoul: On August 13, Hanwha Hotels & Resorts acquired the five-star Paraspara Seoul resort, located at the foot of Bukhansan in northern Seoul, for KRW 420 billion. Under the terms, Hanwha assumed KRW 390 billion in existing debt and financed KRW 30 billion in equity, including a KRW 29.5 billion rights offering. The resort has been rebranded as A-NTO, a high-end brand, with a strategy to transform it into a premium leisure destination that embraces nature within Seoul’s urban core.
APAC
- Brisbane Resort 50% Stake Sale: Australia’s casino operator Star Entertainment has resumed negotiations with Hong Kong investors for the sale of a 50% stake in its AUD 3.6 billion Brisbane resort. After talks previously collapsed, AUD 45 million that had been returned to investors is expected to be recovered. The deal is anticipated to relieve financial pressure on the company.
- City of Dreams Sri Lanka: Opened on August 2, 2025, City of Dreams Sri Lanka in Colombo is a USD 1.2 billion luxury integrated resort that combines hotels, casinos, shopping, and entertainment. As South Asia’s first large-scale facility of its kind, it is expected to transform the region into a premium tourism destination and represents a key step in Sri Lanka’s luxury tourism infrastructure expansion strategy.
- Brigade Hotel Ventures Limited (BHVL): BHVL has signed a multi-hotel development agreement with Marriott International across four major Indian cities. The plan includes six hotels totaling 940 rooms under brands such as Ritz-Carlton, JW Marriott, Courtyard, and Fairfield. This expansion will grow BHVL’s hotel portfolio in India from two to eight properties.
Americas
- San Francisco Downtown Hotel Sales: Two major downtown San Francisco hotels—the 1,921-room Hilton Union Square and the 1,024-room Parc 55—are reportedly close to being sold. Court documents suggest a deal is in progress, with an extended deadline allowing completion by late October. The transaction could mark the beginning of a revival in downtown hotel deals following the pandemic.
- Atlantis Resort Refinancing: Brookfield has completed a USD 1.93 billion refinancing of the Atlantis Paradise Island resort in The Bahamas. Over the past five years, Brookfield has invested more than USD 260 million in renovations, including guest rooms, the Atlantis Casino, and new F&B outlets. The company plans an additional USD 475 million investment over the next five years.
Europe
- ActivumSG Acquires Costa del Sol Resort: UK-based alternative investment firm ActivumSG has acquired a luxury resort in Spain’s Costa del Sol region. Targeted at the high-end market, the acquisition highlights strong private equity interest in Europe’s prime resort destinations.
