Marriott said it is well-positioned for strong growth over the coming years as people around the world further embrace their love for travel.

The two hotels are called Hotel Romazzino and Hotel Pitrizza, both located in the heart of Costa Smeralda.

This transaction is one of the largest hotel acquisitions in the United States since August 2021 and the eighth investment by Trinity Fund Advisors LLC since June 2021, with a total transaction value of $2.1 billion.

Raffles Sentosa Resort and Spa is an all-villa resort center occupying an area of more than 100,000 square meters in a tropical garden setting, and guests can enjoy a beautiful view of the South China Sea.

After this transaction, Accor no longer owns any stake in H World Group Limited.

Overall, occupancy was down 21% year-over-year, but the World Cup positively impacted the local hotel industry. Average daily rates (ADRs) and revenue per available room (RevPAR) soared by 332% and 243%, respectively.