Hilton has agreed to a major expansion deal to bring 10 new Spark by Hilton hotels to the UK. Partnering with AG Hotels Group, the agreement adds 672 rooms across key English and Welsh locations. Set to open between late 2026 and 2028, the openings cover new regions for the brand, including its debut property in Wales as part of its ongoing international rollout.
Global real estate manager Starlight Investments has secured £680 million in total capital commitments for its Starlight UK BTR Fund II and related investment vehicles. The capital will finance the acquisition and construction of more than 6,000 build-to-rent homes across the UK. Backed by international institutional investors and Homes England's National Housing Bank, the vehicle has already deployed funds into three major housing schemes.
Balinese wellness brand Fivelements is expanding globally following its 2024 acquisition by GOCO Hospitality. The brand will launch its flagship property, Fivelements Samui, in early 2027. This will be followed by a major upgrade to Fivelements Ubud in 2028, alongside European developments in Switzerland in 2029 and Montenegro in 2030. The expansion integrates longevity science and diagnostic health with traditional local healing practices.
Private equity real estate firm Longpoint Partners has bought a 10-building industrial portfolio across Miami-Dade County for $195 million. The deal adds 729,901 square feet of functional, small-bay industrial space in supply-constrained infill locations. Currently 90% occupied by 74 tenants, the portfolio was acquired at roughly $267 per square foot, strengthening the Boston-based firm’s long-standing presence and operational platform in South Florida.
Scandic Hotels has expanded its presence in Germany after partnering with real estate manager IREMIS to open a new site in Freiburg. IREMIS purchased the property from its previous owner, while Scandic signed a long-term lease. Set to open in autumn 2027 following extensive refurbishment work, the 219-room hotel will feature flexible meeting spaces, dining areas and wellness facilities situated directly opposite Freiburg's main railway station.
Suntex Enterprises has signed a Letter of Intent to launch a North American real estate initiative exceeding $1 billion over five years. Anchored by two Alberta projects expected to generate $575 million, the company plans to build, own and monetise master-planned sites in Canada and the US. Suntex is also divesting its beverage arm for $5 million to fund growth.
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