{"id":23200,"date":"2025-10-27T08:30:17","date_gmt":"2025-10-26T23:30:17","guid":{"rendered":"https:\/\/lobin.co\/?post_type=article&#038;p=23200"},"modified":"2025-10-27T14:03:04","modified_gmt":"2025-10-27T05:03:04","slug":"lobin-weekly-update-015","status":"publish","type":"article","link":"https:\/\/lobin.co\/en\/insight\/article\/lobin-weekly-update-015\/","title":{"rendered":"Lodging Market Weekly Update 015"},"content":{"rendered":"<style>li {margin-bottom: 10px;}<\/style>\n<p>2025\/10\/12 &#8211; 2025\/10\/26<\/p>\n<h6>Korea<\/h6>\n<ul>\n<li><a href=\"https:\/\/www.thebell.co.kr\/free\/Content\/ArticleView.asp?key=202509051421021480106534&amp;svccode=&amp;\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Koramco REIT Acquires Hotel Assets<\/strong><\/a>: Koramco Life Infrastructure REIT plans to acquire CS Premier Hotel Seoul and Aneuk Hotel Incheon Guwol. The transactions are scheduled to close on October 21 and December 23, respectively, with a total investment of approximately KRW 40 billion. Both assets will be operated under long-term master lease agreements with The Hyusik through 2032, ensuring stable rental income.  <\/li>\n<li><a href=\"https:\/\/www.thebell.co.kr\/free\/content\/ArticleView.asp?key=202510201712312760109277&amp;lcode=00&amp;page=1&amp;svccode=00\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Voco Seoul Myeongdong Early Sale<\/strong><\/a>: Gravity Asset Management is moving to sell Voco Seoul Myeongdong (formerly Tmark Grand Hotel) just one year after reopening. The property was acquired in 2023 for about KRW 228 billion and rebranded under IHG\u2019s Voco brand. CBRE and KPMG are advising on the sale, which is expected to fetch over KRW 288 billion (more than KRW 500 million per room). The fund\u2019s key investor is TPG Angelo Gordon.   <\/li>\n<\/ul>\n<h6>APAC<\/h6>\n<ul>\n<li><a href=\"https:\/\/www.hospitalitynet.org\/news\/4129345.html\" target=\"_blank\" rel=\"nofollow noopener\"><strong>IHG Designates First Low Carbon Pioneer Hotel in Asia<\/strong><\/a>: IHG has designated Holiday Inn Express Singapore Clarke Quay as its first Low Carbon Pioneer Hotel in Asia. The initiative aligns with Singapore\u2019s sustainability roadmap and formalizes energy and carbon reduction goals. In partnership with RB Capital, IHG plans to extend this initiative to other hotels, including InterContinental Singapore Robertson Quay and Holiday Inn Singapore Little India. <\/li>\n<li><a href=\"https:\/\/www.hospitalitynet.org\/news\/4129402.html\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Genting Hotel Jurong Rebrands<\/strong><\/a>: Genting Hotel Jurong in Singapore will be rebranded as Four Points by Sheraton Singapore, Jurong in early 2026, under a partnership between Marriott International and Resorts World Sentosa. This marks the second collaboration between the two companies following the opening of The Laurus, a Luxury Collection Resort, Singapore on October 1, 2025.  <\/li>\n<\/ul>\n<h6>Americas<\/h6>\n<ul>\n<li><a href=\"https:\/\/commercialobserver.com\/2025\/10\/leasehold-manhattans-chatwal-hotel-sells-ben-josef-group-53m\/\" target=\"_blank\" rel=\"nofollow noopener\"><strong>The Chatwal Hotel Ground Lease Sale<\/strong><\/a>: The ground lease of The Chatwal Hotel in Midtown Manhattan has been sold to the Ben-Josef Group for $53.2 million by Adams Hotels International. The transaction represents a restructuring case for a prime boutique luxury asset, with future operational adjustments and capital expenditures reportedly under consideration.  <\/li>\n<li><a href=\"https:\/\/www.fitchratings.com\/research\/structured-finance\/fitch-assigns-final-ratings-to-extended-stay-america-trust-2025-esh-20-10-2025\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Extended Stay America CMBS Rating Assigned<\/strong><\/a>: The Extended Stay America Trust 2025-ESH CMBS transaction has received final ratings. The deal is backed by a nationwide ESA portfolio and is expected to close on October 20, according to the September presale report. Fitch estimated the net cash flow (NCF) at approximately $214 million.  <\/li>\n<\/ul>\n<h6>Europe<\/h6>\n<ul>\n<li><a href=\"https:\/\/www.hotelinvestmenttoday.com\/Development\/Brands\/SF-RevPAR-up-85-St-Petes-deal-Kimpton-to-Austria\" target=\"_blank\" rel=\"nofollow noopener\"><strong>IHG Expands Kimpton Brand in Europe<\/strong><\/a>: IHG has signed an agreement with Tristar Austria GmbH to develop the 119-room Kimpton Salzburg, scheduled to open in mid-2028. The project is part of a redevelopment led by Midstad and marks Kimpton\u2019s first entry into Austria and its 12th operating hotel in Europe.  <\/li>\n<li><a href=\"https:\/\/www.costar.com\/article\/761000031\/accor-considers-spinning-off-lifestyle-division-ennismore-raises-2025-earnings-outlook\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Accor Plans Ennismore Spin-Off<\/strong><\/a>: Following its upward revision of annual profit guidance, Accor announced plans to spin off its lifestyle hotel and F&amp;B division, Ennismore. While keeping IPO options open, the company intends to retain management control. Accor emphasized that it will maintain its development strategy despite macroeconomic uncertainties.  <\/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\/23200\" data-token=\"e529e9d61e18a1a308718221f150403c\" data-token-time=\"1776302073\"><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 Name Layout<\/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\/10\/26 Korea Koramco REIT Acquires Hotel Assets: Koramco Life Infrastructure REIT plans to acquire CS Premier Hotel Seoul and Aneuk Hotel Incheon Guwol. The transactions are scheduled to close on October 21 and December 23, respectively, with a total investment of approximately KRW 40 billion. Both assets will be operated under long-term master [&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":"default","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":[127,88,128],"class_list":["post-23200","article","type-article","status-publish","has-post-thumbnail","hentry","tag-global-en","tag-lodging-market-en","tag-newsletter-en"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/lobin.co\/en\/wp-json\/wp\/v2\/article\/23200","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=23200"}],"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=23200"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lobin.co\/en\/wp-json\/wp\/v2\/tags?post=23200"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}