2026/01/12 – 2026/01/25
Korea
- Lotte REIT raises KRW 107 billion through short-term bonds: Lotte REIT completed the funding required to acquire L7 Hongdae from Hotel Lotte by issuing KRW 107 billion in three-month short-term bonds. The bonds were underwritten by KB Securities (KRW 61 billion), Samsung Securities (KRW 36 billion), and NH Investment & Securities (KRW 10 billion). The bonds mature on April 21, 2026, and carry an annual interest rate of 3.95%. An increase in the issuance amount to up to KRW 200 billion is also under consideration.
- Hotel Lotte’s public bond book-building sees strong demand: Hotel Lotte conducted book-building for public bonds consisting of KRW 60 billion in two-year notes and KRW 40 billion in three-year notes (KRW 100 billion in total). Demand reached KRW 405 billion for the two-year tranche and KRW 180 billion for the three-year tranche, totaling KRW 585 billion, representing a bid-to-cover ratio of 5.85x. The guidance range was ±30bp versus fair market yields, and the bonds were priced at –1bp for the two-year tranche and –4bp for the three-year tranche.
APAC
- IHCL signs agreement to acquire a 51% stake in Brij Hotels: Indian Hotels Company Limited (IHCL), the parent company of the Taj Hotels group, has signed an agreement to acquire a 51% stake in Brij Hospitality. IHCL stated that the transaction expands its existing marketing and distribution partnership with the Clarks Group and strengthens its presence in the boutique leisure segment. Following the deal, IHCL’s portfolio is expected to expand to a total of 610 hotels.
- QT Auckland sold to EVT: EVT has acquired the 150-room QT Auckland, located in Auckland’s Viaduct Harbour, from NZ Hotel Holdings, increasing its owned hotel portfolio in New Zealand. The transaction value is reported at NZD 87.5 million. EVT expects the acquisition to generate synergies for the future expansion of the QT brand.
Americas
- Noble acquires 14 WoodSpring Suites hotels: Noble Investment Group has acquired a portfolio of 14 WoodSpring Suites hotels in the United States. Noble explained that the assets are recently developed hotels with solid operating performance and were acquired at prices below replacement cost. The firm also noted that the portfolio involves limited near-term capital expenditure and is well suited to a clustered operating platform.
- Starwood announces development of 1 Hotel & Homes Hudson Valley: Starwood Hotels announced plans to develop 1 Hotel & Homes Hudson Valley on a 775-acre site near Fifth Lake in Ulster County, New York. Sales of the residential component are scheduled to begin in the summer of 2026, with the resort expected to open in 2028. The project also includes designated conservation and protected natural areas.
Europe
- LondonMetric acquires nine Premier Inn hotels from Whitbread: UK REIT LondonMetric has acquired nine Premier Inn hotels, totaling 955 rooms, from Whitbread for GBP 89 million. Whitbread has become LondonMetric’s fourth-largest tenant, with the annual rent contribution presented at GBP 11.3 million.
- Criterion secures ownership of St Giles London Hotel: Criterion Capital has acquired ownership of the 732-room St Giles London Hotel on Tottenham Court Road through a GBP 220 million transaction. The seller was a consortium led by IGB Corporation Berhad, and the transaction implies a price of approximately GBP 300,000 per key.
