International Hotel Investments plc - Sale of Majority Stake in Corinthia Lisbon

On 1 April 2026, International Hotel Investments plc announced that it has completed the sale of a majority interest in the Corinthia Lisbon, valuing the real estate asset and its operating business at €150 million. Corinthia Hotel Lisbon had an asset value of €144 million as at 31 December 2024.

Corinthia Lisbon was acquired by a joint venture (in which IHI has a 28% shareholding) incorporated with Orion European Real Estate Fund VI, a fund managed by Orion Capital Managers, an investor in the European hotel sector. The joint venture raised capital to acquire the hotel from its shareholders and through new debt.

IHI’s subsidiary Corinthia Hotels Limited will continue operating the Corinthia Lisbon on a long-term basis.

The net proceeds to IHI from the transaction amount to €90 million, after accounting for IHI’s €18 million investment in the joint venture, the repayment of existing IHI debt secured against the Corinthia Lisbon property, and other balancing amounts.

IHI’s Board of Directors will be allocating the proceeds towards the repayment of other Group loans, the payment of a dividend, and to consider other investments in furthering the worldwide expansion of the IHI Group and its Corinthia brand.