International Hotel Investments plc - Joint Venture To Acquire Lisbon Corinthia Hotel

On 19 January 2026, International Hotel Investments plc announced that it has entered into a framework agreement with Orion European Real Estate Fund VI, a fund managed by Orion Capital Managers, an experienced investor in the European hotel sector, to acquire and own in joint-venture the five-star Lisbon Corinthia Hotel. IHI’s subsidiary Corinthia Hotels Limited will continue to manage and operate the hotel under the Corinthia brand.

IHI explained that it currently owns 100% of the hotel and will own 28% of the joint venture once the acquisition is completed. IHI also highlighted that the proposed transaction establishes a valuation for the hotel above book value. Corinthia Hotel Lisbon had an asset value of €144 million as at 31 December 2024.

The transaction is subject to a series of actions necessary to complete the financing and transfer of the hotel to the joint venture. The transaction is expected to close in the first half of 2026.