2025/10/05 – 2025/10/19
Korea
Korea Lodging Market Trends: As at the end of August 2025, the nationwide lodging market in Korea is expected to record an average OCC up by +3.9pts, ADR up by +12.5%, and RevPAR up by +19.2% compared to 2024.
- Capella Yangyang Project Resumed: Mastern Investment Management has resumed the previously suspended Capella Yangyang project, downsizing it from a planned six-star resort to a five-star hotel. After refunding early pre-sale payments in 2022, the firm restructured the business model and is reportedly considering bringing in a domestic brand. The move is seen as a strategic shift to capture the recovering demand for upscale resorts in the region.
- Hound Hotel Ulsan Sale: Kyungin REIT Management has agreed to acquire Hound Hotel Ulsan and a residential asset in Seosan, Chungnam for a combined KRW 21 billion. The acquisition marks a diversification from development-focused investments toward income-producing real assets, with hotel acquisition completion targeted by year-end. The company aims to secure stable cash flow through portfolio diversification.
APAC
- Upper House Global Rebranding: Swire Hotels has unified The House Collective properties under a single global brand, Upper House. The existing hotels in Hong Kong, Chengdu, and Shanghai will be rebranded accordingly, and the group announced an expansion plan including the Upper House Residences in Bangkok, set to open in 2030.
- Mandarin Oriental Plans Delisting: Mandarin Oriental has announced plans to delist its $4.2 billion valuation from public trading, alongside asset sales and restructuring efforts aimed at optimizing its capital structure for long-term growth. The move is interpreted as a strategic realignment of the luxury hotel chain’s portfolio.
Americas
- Two Luxury Hotels in Manhattan Sold: According to Skift Daily Lodging Report, several high-end transactions have recently closed in Manhattan, including the $250 million Edition Clocktower Hotel and the $175 million The Dominick Hotel, driven by repricing of luxury assets and strong brand power acting as transaction catalysts.
- The Dominick Hotel Rebranding: Cain International has acquired the 390-room The Dominick Hotel in Manhattan for $175 million and plans to rebrand it as Delano. Built in 2011, the 46-story property will undergo a major renovation before the brand transition, signaling a clear focus on capturing luxury lifestyle demand.
Europe
- Park Tower Hotel Refinancing: The Park Tower Hotel in Knightsbridge, London, has secured £348 million in refinancing, replacing its existing debt from Cale Street Partners. The deal reflects ongoing efforts to restructure debt in the premium hospitality segment.
- Azora Acquires Hotel Operator Medplaya: Spanish REIT Azora has acquired hotel operator Medplaya. The acquisition will allow Azora to convert its core leisure market portfolio in Catalonia and Costa del Sol to a direct management structure, expanding its operating platform and positioning to benefit from the recovery of the leisure tourism market.
