{"id":23210,"date":"2025-11-10T08:30:18","date_gmt":"2025-11-09T23:30:18","guid":{"rendered":"https:\/\/lobin.co\/?post_type=article&#038;p=23210"},"modified":"2025-11-10T09:12:50","modified_gmt":"2025-11-10T00:12:50","slug":"lobin-weekly-update-017","status":"publish","type":"article","link":"https:\/\/lobin.co\/en\/insight\/article\/lobin-weekly-update-017\/","title":{"rendered":"Lodging Market Weekly Update 017"},"content":{"rendered":"<style>li {margin-bottom: 10px;}<\/style>\n<p>2025\/10\/26 &#8211; 2025\/11\/09<\/p>\n<h6>Korea<\/h6>\n<ul>\n<li><a href=\"https:\/\/www.thebell.co.kr\/free\/content\/ArticleView.asp?key=202511051432559960108545\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Shilla Stay Yeosu Refinancing<\/strong><\/a>: Eastern Investment Development has refinanced a total of KRW 87 billion in secured loans for the Shilla Stay Yeosu hotel, completed in 2022. Following the refinancing, the senior loan was split into Tranche A-1 (KRW 56 billion) and Tranche A-2 (KRW 14 billion), with some major lenders replaced and the maturity extended to November 2026. As a result, annual interest expenses were reduced from approximately KRW 7 billion to KRW 5.6 billion.  <\/li>\n<\/ul>\n<h6>APAC<\/h6>\n<ul>\n<li><a href=\"https:\/\/www.hospitalitynet.org\/announcement\/41013524.html\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Garner by IHG Opens in Kyoto<\/strong><\/a>: IHG Hotels &amp; Resorts has opened the Garner Hotel Kyoto Shijo Karasuma in central Kyoto. This marks the fourth Garner property in Japan following three in Osaka. Of its 103 guestrooms, 95 are single rooms targeting solo travelers. Located four minutes\u2019 walk from Gojo Station and five minutes from Shijo Station, the hotel caters to urban leisure demand in Kyoto\u2019s downtown area.  <\/li>\n<li><a href=\"https:\/\/www.hotelinvestmenttoday.com\/Deals\/Transactions-Lists\/Deal-activity-October-29-November-3-2025\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Deal Activity (October 29 \u2013 November 3)<\/strong><\/a>: During the week of October 29 to November 3, a notable hotel transaction was the sale of the 344-room Hotel Miramar Singapore. A joint venture between Singapore-based asset manager Aravest and Wee Hur Holdings acquired the property for S$160 million. The hotel will be rebranded as DoubleTree by Hilton after refurbishment. This represents Wee Hur\u2019s first hotel investment, with Aravest serving as the fund\u2019s development partner.  <\/li>\n<\/ul>\n<h6>Americas<\/h6>\n<ul>\n<li><a href=\"https:\/\/www.hospitalitynet.org\/news\/4129673.html\" target=\"_blank\" rel=\"nofollow noopener\"><strong>US Weekly Hotel Performance (October 26 \u2013 November 1)<\/strong><\/a>: The U.S. hotel industry recorded an occupancy of 59.3% (-2.6 ppts YoY), ADR of US$156.09 (+0.4%), and RevPAR of US$92.54 (-2.3%). By market, Tampa\u2019s occupancy dropped 24.6 points as hurricane-related displacement demand subsided, and New Orleans saw ADR down 23.9% and RevPAR down 38.3%. In contrast, San Francisco showed strong gains with occupancy up 13.8%, ADR up 17.0%, and RevPAR up 33.1%.  <\/li>\n<li><a href=\"https:\/\/commercialobserver.com\/2025\/11\/hilton-florida-keys-hotel-recapitalization\/\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Florida Keys Hotel Recapitalization<\/strong><\/a>: A joint venture of Prime Group and Shaner Hotel Group secured a US$54 million bridge loan for the 126-room Faro Blanco Resort &amp; Yacht Club in Marathon, Florida. The loan has a three-year term with two 12-month extension options. The hotel completed its Hilton rebranding and renovation in August 2024 and benefits from the expansion of commercial air service at Marathon International Airport, which supported favorable refinancing conditions.  <\/li>\n<\/ul>\n<h6>Europe<\/h6>\n<ul>\n<li><a href=\"https:\/\/www.hospitalitynet.org\/announcement\/41013540.html\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Radisson Blu Hotel Florence Opens<\/strong><\/a>: Radisson Hotel Group has launched the 304-room Radisson Blu Hotel, Florence in Tuscany, Italy. The property features 1,500\u33a1 of meeting space, a 452\u33a1 ballroom, a full-service spa, and tennis courts, embracing an \u201curban resort\u201d concept. Targeting both business and leisure segments, it offers family and premium rooms to accommodate diverse guest needs.  <\/li>\n<li><a href=\"https:\/\/www.hospitalitynet.org\/announcement\/41013536.html\" target=\"_blank\" rel=\"nofollow noopener\"><strong>The Zetter Bloomsbury Townhouse Development<\/strong><\/a>: The Zetter Group has announced plans to open The Zetter Bloomsbury in early 2026 in London\u2019s Bloomsbury district. The 68-room boutique hotel will occupy six interconnected Georgian townhouses, with interior design inspired by Bloomsbury\u2019s literary and artistic heritage. It aims to create the ambience of \u201cstaying at a friend\u2019s home,\u201d in line with the brand\u2019s warm, residential concept. <\/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\/23210\" data-token=\"582aa9cd25fbfa9f1f23f42fcecc55c9\" data-token-time=\"1776216803\"><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\" >Name Layout Email<\/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\/09 Korea Shilla Stay Yeosu Refinancing: Eastern Investment Development has refinanced a total of KRW 87 billion in secured loans for the Shilla Stay Yeosu hotel, completed in 2022. Following the refinancing, the senior loan was split into Tranche A-1 (KRW 56 billion) and Tranche A-2 (KRW 14 billion), with some major lenders [&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-23210","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\/23210","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=23210"}],"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=23210"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lobin.co\/en\/wp-json\/wp\/v2\/tags?post=23210"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}