{"id":26149,"date":"2026-06-08T08:00:56","date_gmt":"2026-06-07T23:00:56","guid":{"rendered":"https:\/\/lobin.co\/?post_type=article&p=26149"},"modified":"2026-06-08T08:00:56","modified_gmt":"2026-06-07T23:00:56","slug":"lobin-weekly-update-047","status":"publish","type":"article","link":"https:\/\/lobin.co\/en\/insight\/article\/lobin-weekly-update-047\/","title":{"rendered":"Lodging Market Weekly Update 047"},"content":{"rendered":"<style>li {margin-bottom: 10px;} h6 {border-top: 1px dashed #999999; padding-top: 15px;}<\/style>\n<p>2026\/05\/25 &#8211; 2026\/06\/07<\/p>\n<h6><i class=\"fa-regular fa-circle-right\"><\/i> Korea<\/h6>\n<ul>\n<li><strong><a href=\"https:\/\/www.hospitalitynet.org\/news\/4132769\/hvs-asia-pacific-hospitality-newsletter-week-ending-29-may-2026\" target=\"_blank\" rel=\"nofollow noopener\">GIC-PAM Consortium Selected as Preferred Bidder for Hotel Peyto Samseong and Gangnam<\/a><\/strong>: A consortium of Singapore-based sovereign wealth fund GIC and Korean asset manager Pacific Asset Management has been selected as the preferred bidder for a combined acquisition of the 163-key Hotel Peyto Samseong and the 186-key Hotel Peyto Gangnam, both in Seoul&#8217;s Gangnam area, at a proposed price of KRW210 billion. Hotel Peyto Samseong was completed in 1993 and Hotel Peyto Gangnam in 2015; both are situated near Samseong Station and Yangjae Station, at key transportation nodes in the heart of Gangnam. Following the acquisition, GIC and PAM are reportedly planning to reposition and rebrand both tourist hotels.  <\/li>\n<li><strong><a href=\"https:\/\/www.mingtiandi.com\/real-estate\/finance\/canadas-cppib-in-329m-korea-hotel-deal-with-bluecove\/\" target=\"_blank\" rel=\"nofollow noopener\">CPPIB Partners with BlueCove on Hospitality Investment<\/a><\/strong>: Canada Pension Plan Investment Board has formed a KRW500 billion hospitality investment partnership with Seoul-based asset manager BlueCove Investment. Structured with CPPIB holding a 95% interest and BlueCove 5%, the venture will initially commit KRW119 billion to the acquisition and repositioning of two tourist hotels in Seoul&#8217;s key tourism districts. The partnership combines BlueCove&#8217;s on-the-ground expertise \u2014 backed by a portfolio that includes the Grand Hyatt Seoul and Grand Josun Busan \u2014 with CPPIB&#8217;s global capital, and is seen as a signal that CPPIB is moving decisively into the Northeast Asian hospitality market.  <\/li>\n<\/ul>\n<h6><i class=\"fa-regular fa-circle-right\"><\/i> APAC<\/h6>\n<ul>\n<li><strong><a href=\"https:\/\/www.hotelnewsresource.com\/article141503.html\" target=\"_blank\" rel=\"nofollow noopener\">Hotel Gajoen Tokyo to be Rebranded as LXR<\/a><\/strong>: Brookfield-owned, Hilton-managed Hotel Gajoen Tokyo in Meguro, Tokyo, is set to be rebranded under the LXR Hotels &#038; Resorts flag by 2027. The 60-key property is home to the Hyakudan Kaidan, or Hundred-Step Staircase, a wooden structure designated as a Tokyo Metropolitan Government Tangible Cultural Property. The hotel will resume room and restaurant operations in mid-2026 ahead of a phased transition, becoming LXR&#8217;s second property in Japan. With Hilton also planning additional luxury developments in Hiroshima and Niseko, competition among global brands in Japan&#8217;s luxury hotel segment continues to intensify.   <\/li>\n<li><strong><a href=\"https:\/\/www.hotelnewsresource.com\/article141516.html\" target=\"_blank\" rel=\"nofollow noopener\">Hilton Signs Agreement to Develop LXR in Hakone Gora<\/a><\/strong>: Hilton has entered into an agreement with The Sankei Building Co., Ltd. and Haseko Real Estate Development to develop an LXR Hotels &#038; Resorts property in Hakone Gora, Kanagawa, targeting a summer 2028 opening. The resort will be set within Momijidani, one of Hakone&#8217;s most celebrated autumn foliage spots, and will be adjacent to cultural landmarks including the Hakone Open-Air Museum and the Hakone Museum of Art. Marking Hilton&#8217;s first entry into Hakone, the signing expands LXR&#8217;s Japan pipeline to Kyoto, Tokyo, Hakone, Hiroshima, and Niseko, reflecting continued momentum in development targeting wellness- and nature-led luxury demand.  <\/li>\n<\/ul>\n<h6><i class=\"fa-regular fa-circle-right\"><\/i> Americas<\/h6>\n<ul>\n<li><strong><a href=\"https:\/\/commercialobserver.com\/2026\/06\/henderson-park-pyramid-global-buy-puerto-rico-hyatt-resort\/\" target=\"_blank\" rel=\"nofollow noopener\">Henderson Park and Pyramid Acquire Puerto Rico Hyatt<\/a><\/strong>: A joint venture between Henderson Park and Pyramid Global Hospitality has completed the acquisition of the 579-key Hyatt Regency Grand Reserve, a beachfront resort in R\u00edo Grande, Puerto Rico, for approximately USD190 million. The transaction marks both companies&#8217; first investment in Puerto Rico, with Pyramid serving as the operating partner. Overseas arrivals to Puerto Rico were up 82% from pre-pandemic levels as of January 2026, reinforcing the investment appeal of the Caribbean market, and the new owners plan to deploy further capital into the resort to strengthen its group and leisure offerings.  <\/li>\n<li><strong><a href=\"https:\/\/www.hotelnewsresource.com\/article141504.html\" target=\"_blank\" rel=\"nofollow noopener\">TYKO Capital Provides Construction Financing for Four Seasons Lake Austin<\/a><\/strong>: TYKO Capital has provided USD870 million in construction financing for Four Seasons Private Residences Lake Austin, currently under development on the shores of Lake Travis in Austin, Texas. The project is a mixed-use development centred on Four Seasons-branded residences, combined with a tourist hotel, residential units, and a marina, targeting luxury lifestyle demand driven by Austin&#8217;s growth as an IT and startup hub. The transaction illustrates the buoyancy of construction lending across the U.S. luxury resort and branded residence pipeline heading into 2026.  <\/li>\n<\/ul>\n<h6><i class=\"fa-regular fa-circle-right\"><\/i> Europe<\/h6>\n<ul>\n<li><strong><a href=\"https:\/\/www.hotelnewsresource.com\/article141409.html\" target=\"_blank\" rel=\"nofollow noopener\">Juventus FC Acquires J Hotel Turin Directly<\/a><\/strong>: Italian football club Juventus FC has acquired J Hotel, a 138-key, four-star tourist hotel in Turin, from J Village Fund, managed by REAM SGR, for EUR23 million. With the club&#8217;s subsidiary B&#038;W Nest already operating the property, the acquisition brings ownership and management under one roof, adding the hotel to a real estate portfolio that already includes the Allianz Stadium and training facilities. Approximately 75% of the purchase price was financed through a new credit facility from Deutsche Bank, with cost optimisation and revenue synergies between ownership and operations cited as the primary objectives.  <\/li>\n<li><strong><a href=\"https:\/\/www.hotelnewsresource.com\/article141519.html\" target=\"_blank\" rel=\"nofollow noopener\">Four Seasons and Blasson to Develop Hotel in Sevilla<\/a><\/strong>: Four Seasons and Spanish real estate investment firm Blasson have announced plans to develop Four Seasons Hotel Sevilla, an approximately 55-key luxury hotel in the Arenal Quarter on Plaza Nueva in Sevilla. Located near the UNESCO World Heritage sites of Sevilla Cathedral, the Archivo de Indias, and the Royal Alc\u00e1zar, the property will feature a street-level restaurant, a rooftop restaurant and bar, a spa, and a rooftop pool. Representing Four Seasons&#8217; third entry into Spain following Madrid and Mallorca, the announcement reflects a broader trend of global luxury brands accelerating their push into Spain&#8217;s regional cities.  <\/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 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Management has been selected as the preferred bidder for a combined acquisition of the 163-key Hotel Peyto Samseong and the 186-key Hotel Peyto Gangnam, both 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