{"id":22828,"date":"2025-07-28T08:00:06","date_gmt":"2025-07-27T23:00:06","guid":{"rendered":"https:\/\/lobin.co\/?post_type=article&#038;p=22828"},"modified":"2025-07-27T21:15:35","modified_gmt":"2025-07-27T12:15:35","slug":"lobin-weekly-update-002","status":"publish","type":"article","link":"https:\/\/lobin.co\/en\/insight\/article\/lobin-weekly-update-002\/","title":{"rendered":"Lodging Market Weekly Update 002"},"content":{"rendered":"<style>li {margin-bottom: 10px;}<\/style>\n<p>2025\/07\/14 &#8211; 2025\/07\/27<\/p>\n<h6>Korea<\/h6>\n<ul>\n<li><a href=\"https:\/\/www.hospitalitynet.org\/news\/4128140.html\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Lotte Partners with Millennium<\/strong><\/a>: Lotte Hotels &amp; Resorts of Korea and Millennium Hotels &amp; Resorts of Singapore have announced a global partnership to share membership benefits. Through this alliance, customers of both companies will enjoy mutual preferential rates and perks, and the partnership is expected to generate synergies in international markets. <\/li>\n<\/ul>\n<h6>APAC<\/h6>\n<ul>\n<li><a href=\"https:\/\/economictimes.indiatimes.com\/markets\/stocks\/news\/ihcl-inks-pact-to-acquire-balance-14-28-stake-in-elel\/articleshow\/77094297.cms\" target=\"_blank\" rel=\"nofollow noopener\"><strong>IHCL Acquires Remaining Stake in ELEL Hotels<\/strong><\/a>: IHCL, a subsidiary of India\u2019s Tata Group, has acquired Nanda Family\u2019s remaining stake of 330 thousand shares in ELEL Hotels from for approximately INR 1.65 billion, securing full 100% ownership.<\/li>\n<li><a href=\"https:\/\/www.hotelnewsresource.com\/article137351.html\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Sands to Invest $8 Billion in Singapore<\/strong><\/a>: Las Vegas Sands plans to invest USD 8 billion in Singapore\u2019s Marina Bay to develop an ultra-luxury hotel tower with 570 suites and a 15,000-seat entertainment arena.<\/li>\n<\/ul>\n<h6>Americas<\/h6>\n<ul>\n<li><a href=\"https:\/\/www.hoteldive.com\/news\/marriott-opens-largest-ac-hotel-north-america\/754021\/\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Largest AC Hotel in North America Opens<\/strong><\/a>: Marriott International has opened the largest AC Hotel in North America, located in Arlington, Virginia. This move is expected to strengthen the brand\u2019s presence by adding a new accommodation option in Washington D.C. metro area. <\/li>\n<li><a href=\"https:\/\/www.kbra.com\/publications\/hkLzqwQB\/kbra-releases-research-cmbs-loan-performance-trends-june-2025\" target=\"_blank\" rel=\"nofollow noopener\"><strong>CMBS Market Trends<\/strong><\/a>: According to KBRA\u2019s June report, the overall delinquency rate in the U.S. CMBS market has slightly declined to 7.3%. However, delinquency rate in the office sector continue to rise to 11.1%, and that in the lodging sector also rose marginally to 6.8%.<\/li>\n<\/ul>\n<h6>Europe<\/h6>\n<ul>\n<li><a href=\"https:\/\/www.hoteldive.com\/news\/marriott-completes-citizenm-acquisition\/753881\/\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Marriott Completes Acquisition of CitizenM<\/strong><\/a>: Marriott International has finalized its USD 355 million acquisition of CitizenM, a lifestyle hotel brand based in the Netherlands. With this acquisition, Marriott adds 37 CitizenM hotels located in key cities across the U.S., Europe, and Asia to its portfolio, significantly strengthening its position in the lifestyle segment. <\/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\/22828\" data-token=\"fc895f11ffd70b83703b3b98289a87cf\" data-token-time=\"1776512116\"><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\/27 Korea Lotte Partners with Millennium: Lotte Hotels &amp; Resorts of Korea and Millennium Hotels &amp; Resorts of Singapore have announced a global partnership to share membership benefits. Through this alliance, customers of both companies will enjoy mutual preferential rates and perks, and the partnership is expected to generate synergies in international markets. 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