2026/02/09 – 2026/02/22
Korea
- Lotte Duty Free Announces KRW 405.6 Billion Investment Roadmap: Lotte Duty Free is reportedly planning to invest KRW 405.6 billion in 2026. The total includes KRW 32 billion in maintenance capex and KRW 373.6 billion in domestic and overseas equity investments, representing 43.6% of Hotel Lotte’s projected 2026 investment budget. The company aims to streamline its overseas operations and re-enter Incheon International Airport, targeting an increase of more than 30% in overseas revenue contribution.
- Hotel Shilla Plans KRW 500 Billion Bond Issuance: Hotel Shilla announced plans to issue KRW 500 billion in unsecured corporate bonds (77th issuance) within 2026, with Samsung Securities underwriting KRW 75 billion of the total. The bonds will be structured in 2-, 3-, and 5-year tranches. The interest rate will be determined based on the individually quoted yields from four bond pricing agencies immediately prior to issuance, plus a spread.
APAC
- H World Launches Hanting Inn: H World Group has introduced Hanting Inn, an economy brand optimized for asset conversion and renovation of existing properties. Emphasizing a low investment threshold and modular renovation to shorten opening lead times, the group plans to support expansion through its membership base of over 300 million members, centralized procurement system, and digital operating platform.
- Minor Hotels Targets U.S. Market Expansion: Thailand-based Minor Hotels is preparing a franchise-led expansion into the United States, identifying it as its next growth market. Although the group operates 566 hotels globally, it currently has only one property in the U.S.—NH Collection New York Madison Avenue. The company intends to focus on expanding key brands such as NH, Tivoli, and Anantara.
Americas
- Ritz-Carlton NYC and Washington, D.C. Sale: Westbrook Partners is reportedly pursuing the sale of the Ritz-Carlton New York hotel to Gencom and the Ritz-Carlton Washington, D.C. hotel to Trinity Investments. The reports did not disclose specific transaction values or closing timelines.
- Fitch Assigns Final Ratings to Extended Stay America Trust: Fitch Ratings assigned final ratings to Extended Stay America Trust 2026-ESH2. Based on the published summary, Class A notes totaling USD 945.7 million received an AAAsf rating, while Class B notes totaling USD 174.8 million were rated AA-sf.
Europe
- AJ Capital Seeks Sale of Graduate by Hilton Cambridge: AJ Capital Partners is marketing the 148-room Graduate by Hilton Cambridge in the United Kingdom, with CBRE appointed as advisor. The guide price is reported in the range of GBP 60 million to GBP 65 million.
- Artisan Real Estate Seeks Funding Partner for Edinburgh Hotel Conversion: Artisan Real Estate is seeking a GBP 22 million funding partner to convert the former Clyde & Co headquarters in Edinburgh into a 102-bed hotel. The report also noted that planning consent is expected to be secured in June 2026.
