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.