Latest news: Limelight to Charleston; $39M loan in Tennessee; Six Senses to Bangkok

First Limelight on East Coast. Aspen, Colorado-based Aspen One is expanding its Limelight Hotels brand with a new hotel and branded residential project located in Charleston, South Carolina, which is scheduled to open in 2028. The 50-key Limelight Charleston will be the Limelight brand’s first property on the East Coast and will also include 16 private residences. Limelight Hotels by Aspen One has locations in Colorado (Aspen, Snowmass, Denver, and Boulder, which is scheduled to open in late summer) and Ketchum, Idaho. Mammoth, California is set to open by the end of 2025.

$39M construction loan in Knoxville. Austin-based Petros Pace Finance and Bethesda, Maryland-based MidCap Financial have completed their first joint unitranche transaction, providing $39 million in unitranche financing for the new construction of a 161-key AC Hotel by Marriott in Knoxville, Tennessee, developed by Atlanta-based Vector Hospitality. The financing includes $15 million in C-PACE funding from Petros and $24 million in senior debt from MidCap.

New Six Senses in Bangkok. Six Senses has signed a management agreement with Bangkok-based Narai Hospitality Group to introduce Six Senses Bangkok as part of Hatai, a mixed-use development on the site of the historic Narai Hotel. The Narai Hotel first opened in 1968 and is being renovated and will eventually have around 100 rooms when it opens in 2028. IHG currently has 40 open hotels and 38 in its pipeline in 11 cities in Thailand.

Hyatt adds in Vancouver. Hyatt Hotels Corp. is adding a luxury Park Hyatt hotel in downtown Vancouver, which is scheduled to open in 2026. The hotel, formerly known as Shangri-La Vancouver, is now operating as the 119-key Hyatt Vancouver Downtown Alberni while undergoing multi-million-dollar renovations and transitioning to the Park Hyatt brand.

First Fairmont in Japan. Accor’s Fairmont Hotels & Resorts has partnered with Tokyo-based Nomura Real Estate Development Co. Ltd. to debut in Japan with the opening of the 217-key Fairmont Tokyo. Fairmont currently has 11 properties across Asia and 95 worldwide.

APA acquires Ishin. Japan-based APA Group has acquired a 100% stake in Tokyo-based Ishin Hotels Group Co., Ltd., making the urban hotel operator a wholly owned subsidiary of APA Group, according to HVS. The deal broadens APA Group’s traditional growth model, previously centered on direct ownership and franchising, by adding Ishin’s asset-light platform of 17 city-center properties, including the “the b” hotel brand.

SC Capital pursuing Cyprus hotel. Zug, Switzerland-based SC Capital Holding AG confirmed that it is in late-stage discussions to acquire The Cypriot, a luxury hotel on the southern coast of Cyprus, which would mark the firm’s entry into the island nation as part of its growing Mediterranean portfolio. This pursuit follows SC Capital Holding’s recently announced pipeline in Albania, where the firm is evaluating more than 500 keys in Sarandë and Vlorë.

Numa adds in the UK. Berlin-based Numa Group is partnering with NWH Group on its first hotel in Brighton, U.K., with the takeover of the 84-key MyBrighton Hotel, which is scheduled to open this summer. Numa now has nearly 9,000 units in 15 countries and 36 cities in Europe.

IHG adds in Turkey. IHG Hotels & Resorts is partnering with Uslu Turizm Insaat Tasimacilik Sanayi ve Ticaret A.S to develop the 460-key Holiday Inn Resort Bodrum West Beach in Turkey. The hotel, which will be the second Holiday Inn in the country, is scheduled to open in mid-2026 and adds to a growing portfolio of 33 open hotels in Turkey, with 17 in development.

InterContinental adds in Brisbane. InterContinental Hotels & Resorts is opening its first Brisbane property, the 319-key InterContinental Brisbane. The hotel will undergo a two-year renovation, which is expected to conclude in 2026. IHG operates 69 hotels in Australasia under nine brands, with another 26 properties in its development pipeline.

First Hyatt House in Australia. Hyatt Hotels Corp. is opening the 97-key Hyatt House South Melbourne, which is the first Hyatt House-branded property. The hotel is a joint venture led by Melbourne, Australia-based Holder East Pty Ltd. and operated by Hyatt.

Ayala acquires in the Philippines. Makati City, Philippines-based Ayala Land has acquired the 578-key New World Hotel Makati in the Philippines from Hong Kong-based New World Development for an undisclosed amount. The hotel will be operated by Ayala Land’s hospitality and resort unit. The sale coincides with the announcement that New World Development has concluded a HK$88.2 billion ($11.2 billion) debt refinancing deal.

RLC adding in the Philippines. Philippines-based Robinsons Land Corp., through its hospitality unit Robinsons Hotels and Resorts, will open the first hotel under its upscale lifestyle Grand Summit brand in Luzon, Philippines, by 2027. The 100-key hotel is set to break ground in July.

ASPHL adds 2 in India. Kolkata, India-based Apeejay Surrendra Park Hotels Ltd. has signed two management deals as part of its expansion in India. The 150-key The Park Jaipur is being developed in partnership with the Goyal Group, while the second property comes from the company’s midscale brand, a 75-key Zone by The Park in Govardhan.