2025/11/30 – 2025/12/14
Korea
- Lotte mentions KRW 265 billion sale of L7 Hongdae: As Hotel Lotte accelerates its asset-light strategy, it has been reported that L7 Hongdae would be sold to Lotte REIT for KRW 265 billion, while Hotel Lotte retains the operating rights. Within the group-wide push to secure liquidity and enhance financial stability through asset reallocation, the potential monetization of additional prime assets is also being discussed.
- PF risk revisited amid litigation related to Cassia Sokcho: Ongoing litigation concerning the Cassia Sokcho Hotel & Resort has brought project-finance (PF) risks back into focus, as uncertainties persist over the project structure and the allocation of responsibilities. According to reports, the first-instance hearing is scheduled for December, with a ruling expected in the first half of next year.
APAC
- Jumeirah Eco Village to open on December 11: Jumeirah announced that it will begin operations of Jumeirah Eco Village, a sustainability-themed concept, on December 11, 2025. The project is viewed as aligning with a broader trend among luxury chains to commercialize ESG narratives by integrating brand storytelling, education, and experiential elements beyond traditional lodging.
- BX Trust 2025-ARIA backed by Aria and Vdara: Fitch published research on the BX Trust 2025-ARIA (CMBS) transaction, noting that the collateral is based on leased-fee interests in Aria Resort & Casino and Vdara Hotel & Spa. The report serves as a useful reference for understanding how hotel and resort assets are structured and packaged in the structured-finance market.
Americas
- BDT & MSD refinance Boca Raton Resort: Michael Dell-backed BDT & MSD Partners refinanced the 1,047-room Boca Raton Resort & Club with a USD 1.15 billion facility. In addition to refinancing an existing USD 1.0 billion loan, part of the proceeds was reportedly used for equity recapture and settlement of related costs.
- Spark by Hilton makes its first entry into the Caribbean coastal market: Hilton opened Spark by Hilton Ponce, marking the Spark brand’s first entry into the Caribbean coastal market. The 120-room property is owned by Ponce Resorts Inc. and operated by HI Development P.R. Corp., and is interpreted as a signal of Hilton’s expansion in the value segment and its regional development pipeline.
Europe
- A&O accelerates European expansion with acquisition of Schulz Hotels: A&O Hostels announced the acquisition of Schulz Hotels, positioning the deal as part of its EUR 500 million growth strategy. The transaction underscores A&O’s ambition to expand its European footprint and strengthen economies of scale, with platform integration and cost efficiencies seen as key priorities amid a recovery in hostel demand.
- MNK Partners acquires two B&B Hotels assets in Poland: MNK Partners, through its MNK Global Core fund, acquired two B&B Hotels in Wrocław and Katowice via a sale-and-leaseback structure. With B&B Hotels continuing as tenant and operator, the deal is presented as a means of securing stable cash flows while increasing exposure to the Polish hotel investment market.
