US-Iran conflict stalls Gulf hotel transaction valuations amid disagreement

On October 5, 2026, Skift Feed reported that the US-Iran conflict did not force Gulf hotel owners to sell assets, but buyers and sellers could not agree on prices because pre-war valuations no longer held, leaving transactions stalled. James Wrenn, head of Knight Frank's hotels and leisure business, said hotels listed before the conflict remain unsold due to price disagreements rather than owners' financial difficulties, and sellers are becoming more pragmatic about pricing expectations.