Latest HITs: Delano to Seoul; Paris deals; Bortz buys sharesBy Jeffrey Weinstein | March 3, 2023Share The late-breaking news from around the world. Delano to Seoul. Accor and Ennismore will open Maison Delano Seoul in 2026, overlooking the tree canopy of Gangnam Park (rendering above). The property will boast 81 guestrooms, 52 branded residences as well as a members’ club. In a reinterpretation of the traditional Korean Pavilion, the architects have created a “park façade” concept, cocooning the entire building façade and sunken courtyard in trees and greenery. F&B and wellness programming will play a big role within the hotel.H Group sells Accor shares. Chinese hotel giant H World Group, formerly known as Huazhu, has sold its remaining 3.7% stake in Accor and said it will redeploy those funds to further develop its core business. Accor last month sold its reciprocal stake in H World Group. The two companies established a strategic partnership with cross shareholding in 2016. H World Group still has the master franchise rights for Mercure, Ibis and Ibis Styles, as well as co-development rights for Grand Mercure and Novotel in the Greater China region. By the end of 2022, H World Group operated 468 hotels in China under this agreement, with 143 properties in the pipeline scheduled to open over the next few years.Paris transactions. Greater Paris transaction activity reached €1.9 billion during 2022, according to a report from Cushman & Wakefield. This was 300% above 2021 but also 7% above 2019 levels. Several major transactions in prime locations with price per room exceeding €1 million drove the volume. It said yields gradually rose with a steady increase in the second half of 2022, especially in the last quarter. In 2022, the hotel supply increased by 75 properties, adding approximately 10,000 rooms, most of which opened in the first half of the year. This included primarily midscale and upper midscale hotels in central Paris and the periphery, but also highly expected high-end assets such as the TOO Hotel and the SO/Paris Hotel.CMBS delinquencies jump. According to Trepp’s Delinquency Report, commercial mortgage-back securities (CMBS) delinquencies move sharply higher in February 2023, up 18 basis points to 3.12%, the second largest increase since June 2020. That follows the January reading which was the second lowest since the onset of COVID-19. The all-time high on this basis was 10.34% registered in July 2012. The COVID-19 high was 10.32% in June 2020.NewcrestImage, HCP close. A joint venture between Dallas-based NewcrestImage and Hospitality Capital Partners (HCP) has completed the acquisition of 11 hotels in seven states with 1,551 rooms. The properties are 10 Courtyard and one Residence Inn hotels in the states of Georgia, Massachusetts, New York, Oklahoma, Pennsylvania, Texas, and Virginia. HCP and its principals have owned almost 50 hotels in the western United States, notably The Saguaro Scottsdale, located in that city’s historic Old Town area. Other projects include 25 golf courses through their associated company, Parks Legacy Project. NewcrestImage now owns more than 70 hotels across the U.S. with almost 8,000 rooms.Bortz buys shares. Pebblebrook Hotel Trust CEO Jon Bortz has purchased 21,000 shares of his company via open market purchases, according to a R.W. Baird report. Total consideration was just over $300,000 at an average price of $14.46/share.