Vice President - Asset Management, Real Estate Japan

HVS Europe hotel transactions bulletin week ending 9 October 2026. In Brief: HVS reports on key hotel sales and investment activity across Europe for the week ending 9 October 2026 Generator acquires Novotel London Greenwich from Ares and EQ Hotel-hostel operator Generator has acquired the four-star, 151 room Novotel London Greenwich in the UK from global investment manager Ares Management and European hospitality investor and operator EQ Group. The property is situated across the River Thames from Canary Wharf, close to the Royal Observatory. The hotel includes a restaurant, bar and six meeting rooms. Following the acquisition, Generator will rebrand the hotel as Generator London Greenwich from 1 January 2027, then carry out a phased renovation starting in spring 2027 that introduces its hybrid model of private and shared rooms. Ares and EQ acquired the property from Landsec in 2024, as part of a £400 million, 21-property portfolio. LRO Hospitality acquires Courtyard by Marriott Edinburgh from CVC Marathon LRO Hospitality, a joint venture between London + Regional Properties and Dutch pension fund manager PGGM, has acquired the four-star, 240-room Courtyard by Marriott Edinburgh in the UK from a fund managed by global asset manager CVC Marathon. The hotel includes a restaurant and bar and is situated a short walk north of Edinburgh's old town and Waverley train station. Following the acquisition, L+R's own brand Iconic Hotels & Resorts will take over management of the hotel. CapMan and AP Pension acquire Scanic Webers in Copenhagen from Jeudan CapMan Real Estate, the real estate arm of Finnish private equity firm CapMan, has acquired the four-star, 152-room Hotel Scandic Webers in Copenhagen, Denmark, from Danish real estate investment company Jeudan through its 50/50 joint venture with Danish pension company AP Pension, via its CapMan Nordic Real Estate IV fund. The hotel is situated in central Copenhagen by the main train station and includes a restaurant, bar and three meeting rooms. The JV plans to extensively renovate the hotel. Swedish operator Scandic Hotels will continue operating the hotel. This marks the joint venture's second acquisition, following its purchase of the four-star, 366-room Crowne Plaza Copenhagen Towers in September 2026, as reported in this newsletter. Extendam sells Ibis Styles Paris Montmartre Nord French private equity firm Extendam has sold the three-star, 45-room Ibis Styles Paris Montmartre Nord in France to a family of industrialists. The hotel includes a breakfast restaurant and is situated in Paris' 18th district, 2 kms north of the Sacré-Cœur Basilica. Extendam acquired the hotel with its operating partner MyHotels in 2019, and fully renovated it in 2021. Following the sale, MyHotels will continue to operate the hotel and will remain a co-investor alongside the family. Yurbban Hospitality Group acquires Allegro Barcelona Spanish owner-operator Yurbban Hospitality Group has acquired the three-star, 56-room Allegro Barcelona hotel in Spain. The property is situated in central Barcelona's prime Eixample district, a short walk from Passeig de Gràcia and Plaça de Catalunya. Yurbban closed the hotel on 5 October 2026 for a full refurbishment and plans to reopen it as UMA House Granados in February-March 2027. HVS is the world's leading consulting and valuation services organization focused on the hotel, restaurant, shared ownership, gaming, and leisure industries. Established in 1980, the company performs more than 4,500 assignments per year for virtually every major industry participant. HVS principals are regarded as the leading professionals in their respective regions of the globe. Through a worldwide network of over 50 offices staffed by 300 experienced industry professionals, HVS provides an unparalleled range of complementary services for the hospitality industry. For further information regarding our expertise and specifics about our services, please visit www.hvs.com.

Middle River Power acquires Panoche Energy Center from Ares. Oct 06, 2026, 09:00 ET Addition strengthens MRP's flexible capacity portfolio as demand for dispatchable resources accelerates across the Western Interconnection CHICAGO, Oct. 6, 2026 /PRNewswire/ - Middle River Power (MRP) today announced it has closed on the acquisition of Panoche Energy Center (Panoche), a fully contracted 427-megawatt (MW) natural gas generation facility located in Firebaugh, California, from an Ares Infrastructure Equity fund (Ares). The acquisition builds on MRP's growing portfolio of flexible, reliable, and cleaner generation assets, following the additions of the 240 MW Midway-Sunset and 250 MW Brush facilities earlier this year. MRP expects to apply its hybridization strategy to Panoche, pairing efficient thermal capacity with storage to meet rising demand across multiple sectors, including utilities, data centers, and industrial offtakers. "We continue to add to our portfolio of flexible, reliable, and clean generation assets across the West with the acquisition of Panoche from Ares," said Mark Kubow, Chief Executive Officer at Middle River Power. "This fully contracted facility adds to our growing footprint across the West, following the additions of the Midway-Sunset facility in Kern County, California, and the Brush facility in Morgan County, Colorado, earlier this year. We expect to deploy our strategy of hybridizing critical capacity resources so we can continue delivering reliable, affordable, and cleaner energy well into the future, for customers throughout the region." "Ares is proud to have supported this critical asset since its development twenty years ago, and we're pleased to have worked closely with MRP throughout this process to facilitate a smooth transition and a compelling next chapter for Panoche," said Keith Derman, Head of Ares Infrastructure Equity. "We believe that Panoche will continue to provide reliable, efficient, and flexible capacity to the California grid." About Middle River Power Middle River Power (MRP) is an independent power producer and asset management company focused on finding creative solutions that accelerate the energy transition. MRP's strategy combines new technologies and resources with under-utilized legacy generation assets, delivering cleaner, more reliable, and cost-efficient resources, faster than any standalone development. With a specialty in repositioning existing, safe, critical resources with co-located and hybrid development projects, MRP delivers clean, reliable energy solutions to its customers and communities. In 2025, MRP was acquired by Partners Group, one of the largest firms in the global private markets industry, acting on behalf of its clients. For more information, visit www.middleriverpower.com. About Ares Management Corporation Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to advance our stakeholders' long-term goals by providing flexible capital that supports businesses and creates value for our investors and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of June 30, 2026, Ares Management Corporation's global platform had over $671 billion of assets under management, with operations across North America, South America, Europe, Asia Pacific and the Middle East. For more information, please visit www.ares.com. SOURCE Middle River Power

SEATTLE and WASHINGTON, Oct. 05, 2026 (GLOBE NEWSWIRE) -- Sabey Corporation ("Sabey") and National Real Estate Advisors, LLC ("National") today announced that Ares Secondaries funds ("Ares")