2026/02/23 – 2026/03/08
Korea
- Sale of Signiel Busan: SungHo Electronics has acquired Signiel Busan, a 260-room luxury hotel located on floors 3–19 of the LCT Landmark Tower in Haeundae, Busan, from LCT PFV for KRW 150 billion. The transaction price equates to approximately KRW 577 million per room. The hotel will continue to be operated by Lotte Hotels & Resorts. As a major transaction involving a prime ultra-luxury beachfront asset in Haeundae, the deal is considered a meaningful example in the Korean luxury hotel investment market.
APAC
- First Ritz-Carlton Project in Hyderabad: Chalet Hotels announced plans to develop its first Ritz-Carlton property in Hyderabad. The project marks the company’s entry into the ultra-luxury hotel segment. According to public reports, Chalet is expected to invest approximately INR 630 crore, with the total development cost estimated at around INR 930–940 crore. Development partner Mindspace will oversee the building development, while Chalet will be responsible for the interior fit-out and operational infrastructure.
- Minor Hotels to Open Avani+ in Laos: Minor Hotels announced that Avani+ Lanexang Vientiane, a 197-room hotel in Vientiane, is scheduled to open in Q2 2026. The property will be the group’s second hotel in Laos, following Avani+ Luang Prabang. Located about 15 minutes from Wattay International Airport, the hotel will feature four food-and-beverage outlets, a ballroom accommodating up to 320 guests, and additional meeting spaces, positioning the development to capture both tourism and MICE demand.
Americas
- Related Ross Financing for The Ben in West Palm Beach: Related Ross secured USD 172.5 million in acquisition financing from Nomura to acquire The Ben, a 208-room luxury hotel in West Palm Beach, Florida. The property is located at 251 N Narcissus Avenue and opened in February 2020 as part of Marriott’s Autograph Collection. The seller was Wheelock Street Capital, and Newmark arranged the financing for the transaction.
- Refinancing of Cambria Hotel in Washington, D.C.: Donohoe Companies obtained a USD 33 million bridge refinancing loan from Peachtree Group for the 154-room Cambria Hotel located in the Navy Yard Riverfront area of Washington, D.C. The property initially struggled following its opening during the pandemic but has recently benefited from demand recovery and improved performance in the submarket. The refinancing is viewed as an example of the normalization of financing conditions for urban hotel assets.
- Ashford Hospitality Trust Sells Two Hotels: Ashford Hospitality Trust announced two additional hotel sale agreements. The 157-room La Posada de Santa Fe Resort & Spa will be sold for USD 57.5 million, while the 333-room Hilton St. Petersburg Bayfront will be sold for USD 96 million. Both transactions are expected to close in March 2026. The company stated that the asset dispositions are part of its strategy to reduce debt, enhance liquidity, and strengthen cash flow.
Europe
- Weekly Update on European Hotel Transactions: During the week of February 22–27, four major hotel transactions in Europe totaled more than GBP 1.3 billion. The largest deals included Evolution Investment Fund’s acquisition of the long-term leasehold interest in the 237-room London Marriott Hotel Grosvenor Square and the purchase of a nearby development site for a 94-room hotel and six luxury residences, with a combined investment reportedly reaching around GBP 1.1 billion. Additional smaller transactions were reported in Ibiza, Cannes, and Lincolnshire.
- Azora Sells Stake in Three Mediterranean Resorts: Azora announced that Grupo Empresas Matutes will acquire a 75% stake in a joint venture established in 2019 between the two companies. The transaction is valued at approximately EUR 300 million and involves three five-star resort properties totaling about 1,000 rooms: the 151-room Bless Hotel Ibiza, the 376-room TRS Ibiza Hotel, and the 469-room Grand Palladium Sicilia Resort & Spa. Following the transaction, the properties will continue to be operated by Palladium Hotel Group.
