{"id":23204,"date":"2025-11-03T08:30:16","date_gmt":"2025-11-02T23:30:16","guid":{"rendered":"https:\/\/lobin.co\/?post_type=article&#038;p=23204"},"modified":"2025-11-03T08:34:03","modified_gmt":"2025-11-02T23:34:03","slug":"lobin-weekly-update-016","status":"publish","type":"article","link":"https:\/\/lobin.co\/en\/insight\/article\/lobin-weekly-update-016\/","title":{"rendered":"Lodging Market Weekly Update 016"},"content":{"rendered":"<style>li {margin-bottom: 10px;}<\/style>\n<p>2025\/10\/19 &#8211; 2025\/11\/02<\/p>\n<h6>Korea<\/h6>\n<ul>\n<li><a href=\"https:\/\/digitalchosun.dizzo.com\/site\/data\/html_dir\/2025\/10\/30\/2025103080229.html\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Sono Acquires Cross Hotels<\/strong><\/a>: Sono International has signed an agreement to acquire 100% of the shares in Cross Hotels\u2019 Thailand and Indonesia subsidiaries. The acquisition includes a total of 15 hotels and resorts located in Bangkok, Chiang Mai, Pattaya, and Bali. Through this deal, Sono International plans to strengthen its brand presence and operational capabilities in the Asia-Pacific region, with a goal of opening an additional 10 hotels and resorts in Thailand and Indonesia by 2029.  <\/li>\n<\/ul>\n<h6>APAC<\/h6>\n<ul>\n<li><a href=\"https:\/\/www.hospitalitynet.org\/news\/4129562.html\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Hilton Accelerates Southeast Asia Expansion<\/strong><\/a>: Hilton has signed management agreements for 17 hotels across Malaysia, Singapore, Thailand, Indonesia, Vietnam, and the Philippines, adding approximately 4,000 new rooms to its pipeline. The expansion focuses on the luxury and lifestyle segments, with Hilton aiming to further solidify its growth momentum in the Asia-Pacific region. <\/li>\n<li><a href=\"https:\/\/www.hotelnewsresource.com\/article138730.html\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Sale of Soho Brisbane Hotel<\/strong><\/a>: Australia\u2019s Singh Enterprises has acquired the Soho Brisbane Hotel in the Spring Hill area of Brisbane, along with the adjacent St. Alban\u2019s Liberal Catholic Church site. Combined with the previously acquired Mercure Spring Hill, the acquisition secures ownership of a contiguous 4,150-square-meter land parcel. The transaction was conducted as an off-market deal.  <\/li>\n<\/ul>\n<h6>Americas<\/h6>\n<ul>\n<li><a href=\"https:\/\/commercialobserver.com\/2025\/10\/citigroup-provides-50m-refi-for-luxury-san-jose-hotel\/\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Hotel Valencia on Santana Row Refinancing<\/strong><\/a>: Citigroup has provided $50 million in refinancing for the 216-room Hotel Valencia on Santana Row in San Jose, California. The operator, Valencia Hotel Group, initiated the refinancing to improve the property\u2019s cash flow and financial flexibility. Despite persistent high interest rates, the transaction highlights continued lender confidence in high-quality hotel assets. <\/li>\n<li><a href=\"https:\/\/www.hotelnewsresource.com\/article138648.html\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Sotherly Hotels REIT Sold<\/strong><\/a>: Sotherly Hotels, a REIT comprising ten full-service hotels, has been acquired by a joint venture between Kemmons Wilson Hospitality Partners and Ascendant Capital Partners at $2.25 per share \u2014 a 152.7% premium. The portfolio consists of U.S.-based hotel assets, and the deal reflects a resurgence of restructuring and acquisition activity among hotel REITs in the lodging investment market. <\/li>\n<\/ul>\n<h6>Europe<\/h6>\n<ul>\n<li><a href=\"https:\/\/www.hotelinvestmenttoday.com\/Development\/Brands\/Tough-week-in-US-Thompson-to-APAC-Invesco-buys-in-France\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Invesco Acquires Radisson Blu in Marseille<\/strong><\/a>: Invesco Real Estate\u2019s European hotel fund has acquired the 189-room Radisson Blu in Marseille for approximately \u20ac43.5 million in an off-market transaction. With this deal, the fund\u2019s portfolio expands to 11 hotels in key European gateway cities. The seller, Union Investment, had owned the property for 20 years and completed a major renovation last year before the sale.  <\/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\/23204\" data-token=\"e529e9d61e18a1a308718221f150403c\" data-token-time=\"1776363415\"><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\/11\/02 Korea Sono Acquires Cross Hotels: Sono International has signed an agreement to acquire 100% of the shares in Cross Hotels\u2019 Thailand and Indonesia subsidiaries. The acquisition includes a total of 15 hotels and resorts located in Bangkok, Chiang Mai, Pattaya, and Bali. Through this deal, Sono International plans to strengthen its brand [&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-23204","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\/23204","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=23204"}],"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=23204"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lobin.co\/en\/wp-json\/wp\/v2\/tags?post=23204"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}