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Corinthia Hotel Lisbon – Image Credit Orion Capital Managers
Orion Capital Managers and International Hotel Investments have entered a framework agreement for Orion to acquire a 72% stake in the Corinthia Hotel Lisbon, with completion expected in the first half of 2026.
Orion Capital Managers, through its Orion European Real Estate Fund VI, has signed a framework agreement with International Hotel Investments (IHI) to acquire a majority stake in the Corinthia Hotel Lisbon. Under the terms of the agreement, Orion will acquire a 72% interest in the 517-key property, while IHI will retain a 28% stake following completion.
The Corinthia Hotel Lisbon, described as the largest five-star hotel in Lisbon, recently completed a refurbishment that included upgrades to its 517 rooms, a 3,000-square-meter spa, and three restaurants. IHI, which currently owns the entire asset, will continue to hold a minority interest, and its subsidiary, Corinthia Hotels Limited, will remain the manager and operator of the hotel.
The transaction marks the first investment by Orion European Real Estate Fund VI, which is targeting a final close of €1.5 billion. The fund is focused on investments in hospitality and other sectors across European markets.
The joint venture is structured so that, upon completion, ownership of the Corinthia Hotel Lisbon will be split between Orion and IHI, with operational management remaining unchanged. The agreement is subject to a series of actions required for financing and the transfer of the hotel into the joint venture. The transaction is expected to close in the first half of 2026.
No financial terms of the acquisition were disclosed in the announcement. The parties have not provided further details regarding future operational plans or additional investments in the property.
The Corinthia Hotel Lisbon will continue to operate under the Corinthia brand following the completion of the transaction.
