{"id":22732,"date":"2025-07-21T08:30:58","date_gmt":"2025-07-20T23:30:58","guid":{"rendered":"https:\/\/lobin.co\/?post_type=article&#038;p=22732"},"modified":"2025-07-21T10:13:49","modified_gmt":"2025-07-21T01:13:49","slug":"lobin-weekly-update-001","status":"publish","type":"article","link":"https:\/\/lobin.co\/en\/insight\/article\/lobin-weekly-update-001\/","title":{"rendered":"Lodging Market Weekly Update 001"},"content":{"rendered":"<style>li {margin-bottom: 10px;}<\/style>\n<p>2025\/07\/07 &#8211; 2025\/07\/20<\/p>\n<h6>Korea<\/h6>\n<ul>\n<li><strong>PARASPARA Seoul<\/strong>: Hanwha Hotels &amp; Resorts is reportedly in negotiations to acquire PARASPARA Seoul, a five-star resort located in Ui-dong, Seoul, with 330 rooms. The estimated transaction value is approximately KRW 200 billion. The property is currently operated under management contract by Josun Hotels &amp; Resorts.<br \/>\n<a href=\"https:\/\/www.kedglobal.com\/mergers-acquisitions\/newsView\/ked202507170008\" target=\"_blank\" rel=\"nofollow noopener\">Korea Economic Daily, 2025\/07\/17 <i class=\"fa-solid fa-arrow-up-right-from-square\"><\/i><\/a><\/li>\n<li><strong>Mercure Ambassador Hongdae<\/strong>: Goldman Sachs Asset Management has acquired a mixed-use complex that includes the 270-room, four-star Mercure Ambassador Hongdae Hotel for approximately KRW 262 billion. Goldman Sachs previously invested in the renovation of the Scarlett Building, a commercial and office complex.<br \/>\n<a href=\"https:\/\/www.ainvest.com\/news\/goldman-sachs-expands-south-korea-portfolio-1-9-billion-usd-hotel-acquisition-2507\/\" target=\"_blank\" rel=\"nofollow noopener\">AInvest 2025\/07\/10 <i class=\"fa-solid fa-arrow-up-right-from-square\"><\/i><\/a><\/li>\n<\/ul>\n<h6>APAC<\/h6>\n<ul>\n<li><strong>Skye Suites Sydney<\/strong>: Singapore\u2019s Furama Group has acquired the 73-room serviced apartment Skye Suites Sydney, along with the adjoining retail complex Skittle Place, from Australia\u2019s Crown Group for AUD 68 million.<br \/>\n<a href=\"https:\/\/www.hotelnewsresource.com\/article137184.html\" target=\"_blank\" rel=\"nofollow noopener\">Hotel News Resources 2025\/07\/08 <i class=\"fa-solid fa-arrow-up-right-from-square\"><\/i><\/a> <\/li>\n<li><strong>Hotel Chains Expanding in India<\/strong>: Global hotel chains are announcing record-breaking expansion plans in the Indian market. Notably, Marriott has signed agreements to add seven more hotels, signaling high expectations for India\u2019s growth potential.<br \/>\n<a href=\"https:\/\/skift.com\/2025\/07\/09\/marriotts-latest-expansion-bid-in-south-asia-7-new-hotels-over-1500-keys\/\" target=\"_blank\" rel=\"nofollow noopener\">Skift 2025\/07\/09 <i class=\"fa-solid fa-arrow-up-right-from-square\"><\/i><\/a><\/li>\n<\/ul>\n<h6>Americas<\/h6>\n<ul>\n<li><strong>U.S. Hotel Market in 2nd Week of July<\/strong>: In the second week of July, the U.S. hotel market remained steady, with slight year-over-year performance declines. However, strong demand from group and business travel continues to support solid ADR and RevPAR levels.<br \/>\n<a href=\"https:\/\/www.costar.com\/article\/375123512\/summer-hotel-demand-stays-soft-across-the-us-as-season-nears-annual-peak\" target=\"_blank\" rel=\"nofollow noopener\">CoStar 2025\/07\/18 <i class=\"fa-solid fa-arrow-up-right-from-square\"><\/i><\/a> <\/li>\n<li><strong>Hotel Development Trends<\/strong>: In the United States, new hotel development is slowing down due to declining demand, economic uncertainty, and high debt and construction costs. Additionally, most hotels currently under development are concentrated in the mid-tier segments.<br \/>\n<a href=\"https:\/\/www.hospitalitynet.org\/news\/4128207.html\" target=\"_blank\" rel=\"nofollow noopener\">Hospitality Net 2025\/07\/17 <i class=\"fa-solid fa-arrow-up-right-from-square\"><\/i><\/a><\/li>\n<\/ul>\n<h6>Europe<\/h6>\n<ul>\n<li><strong>Dalata Hotel Group<\/strong>: Sweden\u2019s Pandox and Norway\u2019s Eiendomsspar have agreed to acquire Ireland\u2019s Dalata Hotel Group for approximately EUR 1.4 billion. Investor interest in Ireland\u2019s lodging market remains strong.<br \/>\n<a href=\"https:\/\/www.costar.com\/article\/2140028408\/pandox-eiendomsspar-to-acquire-irelands-dalata-hotel-group-for-E14-billion\" target=\"_blank\" rel=\"nofollow noopener\">CoStar 2025\/07\/15 <i class=\"fa-solid fa-arrow-up-right-from-square\"><\/i><\/a><\/li>\n<li><strong>Spain\u2019s Extended Stay Market<\/strong>: As extended stay lodging rapidly expands in Spain, European brands such as Limehome, Numa, and Bob W are leading the market, while U.S. hotel brands like Marriott and IHG are making aggressive entries.<br \/>\n<a href=\"https:\/\/www.costar.com\/article\/1078245073\/us-hotel-brands-late-to-capitalize-on-spains-booming-extended-stay-market\" target=\"_blank\" rel=\"nofollow noopener\">CoStar 2025\/07\/09 <i class=\"fa-solid fa-arrow-up-right-from-square\"><\/i><\/a> <\/li>\n<\/ul>\n\t\t<div data-elementor-type=\"section\" data-elementor-id=\"22788\" class=\"elementor elementor-22788 elementor-22771\" data-elementor-post-type=\"elementor_library\">\n\t\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-685e57f e-con-full e-flex e-con e-parent\" data-id=\"685e57f\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-8b60e79 elementor-widget elementor-widget-wpforms\" data-id=\"8b60e79\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"wpforms.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"wpforms-container wpforms-render-modern\" id=\"wpforms-22767\"><form id=\"wpforms-form-22767\" class=\"wpforms-validate wpforms-form wpforms-ajax-form\" data-formid=\"22767\" method=\"post\" enctype=\"multipart\/form-data\" action=\"\/en\/wp-json\/wp\/v2\/article\/22732\" data-token=\"2f576d807682f628305c60c6d90c4a8e\" data-token-time=\"1776432546\"><noscript class=\"wpforms-error-noscript\">Please enable JavaScript in your browser to complete this form.<\/noscript><div id=\"wpforms-error-noscript\" style=\"display: none;\">Please enable JavaScript in your browser to complete this form.<\/div><div class=\"wpforms-field-container\">\t\t<div id=\"wpforms-22767-field_5-container\"\n\t\t\tclass=\"wpforms-field wpforms-field-text\"\n\t\t\tdata-field-type=\"text\"\n\t\t\tdata-field-id=\"5\"\n\t\t\t>\n\t\t\t<label class=\"wpforms-field-label\" for=\"wpforms-22767-field_5\" >Email Layout Name<\/label>\n\t\t\t<input type=\"text\" id=\"wpforms-22767-field_5\" class=\"wpforms-field-medium\" name=\"wpforms[fields][5]\" >\n\t\t<\/div>\n\t\t<div id=\"wpforms-22767-field_1-container\" class=\"wpforms-field wpforms-field-content\" data-field-id=\"1\"><div id=\"wpforms-22767-field_1\" class=\"wpforms-field-large wpforms-field-row\" aria-errormessage=\"wpforms-22767-field_1-error\"><h4>Sign Up for the Lodging Market Weekly Update!<\/h4>\n<p>The email and name submitted will be used only for sending the newsletter, and you can cancel your subscription at any time using the unsubscribe link in the newsletter.<\/p>\n<div class=\"wpforms-field-content-display-frontend-clear\"><\/div><\/div><\/div><div id=\"wpforms-22767-field_2-container\" class=\"wpforms-field wpforms-field-layout\" data-field-id=\"2\"><div class=\"wpforms-field-layout-rows wpforms-field-large\"><div class=\"wpforms-layout-row\"><div class=\"wpforms-layout-column wpforms-layout-column-50\"><div id=\"wpforms-22767-field_3-container\" class=\"wpforms-field wpforms-field-email\" data-field-id=\"3\"><label class=\"wpforms-field-label wpforms-label-hide\" for=\"wpforms-22767-field_3\" aria-hidden=\"false\">Email <span class=\"wpforms-required-label\" aria-hidden=\"true\">*<\/span><\/label><input type=\"email\" id=\"wpforms-22767-field_3\" class=\"wpforms-field-medium wpforms-field-required\" name=\"wpforms[fields][3]\" placeholder=\"example@example.com\" spellcheck=\"false\" aria-errormessage=\"wpforms-22767-field_3-error\" required><\/div><\/div><div class=\"wpforms-layout-column wpforms-layout-column-50\"><div id=\"wpforms-22767-field_4-container\" class=\"wpforms-field wpforms-field-name\" data-field-id=\"4\"><label class=\"wpforms-field-label wpforms-label-hide\" for=\"wpforms-22767-field_4\" aria-hidden=\"false\">Name <span class=\"wpforms-required-label\" aria-hidden=\"true\">*<\/span><\/label><input type=\"text\" id=\"wpforms-22767-field_4\" class=\"wpforms-field-medium wpforms-field-required\" name=\"wpforms[fields][4]\" placeholder=\"John Doe\" aria-errormessage=\"wpforms-22767-field_4-error\" required><\/div><\/div><\/div><\/div><\/div><script>\n\t\t\t\t( function() {\n\t\t\t\t\tconst style = document.createElement( 'style' );\n\t\t\t\t\tstyle.appendChild( document.createTextNode( '#wpforms-22767-field_5-container { position: absolute !important; 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2025\/07\/20 Korea PARASPARA Seoul: Hanwha Hotels &amp; Resorts is reportedly in negotiations to acquire PARASPARA Seoul, a five-star resort located in Ui-dong, Seoul, with 330 rooms. The estimated transaction value is approximately KRW 200 billion. The property is currently operated under management contract by Josun Hotels &amp; Resorts. Korea Economic Daily, 2025\/07\/17 Mercure [&hellip;]<\/p>\n","protected":false},"featured_media":22813,"comment_status":"open","ping_status":"closed","template":"","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}}},"tags":[],"class_list":["post-22732","article","type-article","status-publish","has-post-thumbnail","hentry"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/lobin.co\/en\/wp-json\/wp\/v2\/article\/22732","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lobin.co\/en\/wp-json\/wp\/v2\/article"}],"about":[{"href":"https:\/\/lobin.co\/en\/wp-json\/wp\/v2\/types\/article"}],"replies":[{"embeddable":true,"href":"https:\/\/lobin.co\/en\/wp-json\/wp\/v2\/comments?post=22732"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lobin.co\/en\/wp-json\/wp\/v2\/media\/22813"}],"wp:attachment":[{"href":"https:\/\/lobin.co\/en\/wp-json\/wp\/v2\/media?parent=22732"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lobin.co\/en\/wp-json\/wp\/v2\/tags?post=22732"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}