Ascott Residence Trust has sold the Ascott Raffles Place Singapore to a local private investor for S$353.3 million, according to a filing by the REIT’s manager to the Singapore Exchange last week, parting with one of the most recognisable properties in the… Read More>>
Singaporean Investor Buys Seoul Hotel for $31M
Singapore-listed Datapulse Technology has announced that it has agreed to purchase the 127-room Hotel Aropa in Seoul for KRW 35 billion ($31 million), becoming the second Singaporean firm within the past month to acquire a Korean hotel, despite fears of… Read More>>
Ascendas Hospitality Trust Buys Second Seoul Hotel for $69M
Ascendas Hospitality Trust continues to expand its presence in Seoul as the manager of the Singapore-listed trust has agreed to purchase its second hotel in the South Korean capital in less than seven months.
The trust, which already owns a… Read More>>
Chinese Developer Wins Approval for A$200M Darwin Hotel and More Asia Real Estate Headlines
Leading the real estate news today from around Asia, the mainland company that bought Darwin port in Australia three years ago now has won approval for a new luxury hotel next to the controversial port project. Also in the news,… Read More>>
Ascendas Hospitality Trust Grabs Trio of Osaka Hotels for $102M
Singapore-listed Ascendas Hospitality Trust has struck a deal to buy three newly built hotels in Osaka for a total price of about 11.24 billion yen ($101.6 million), amid a surge of overseas tourist arrivals in Japan’s third-largest city.
The acquisition… Read More>>
Ascendas Hospitality Trust Ventures into Korea with $68M Seoul Hotel Deal
Singapore-listed Ascendas Hospitality Trust has made its first foray into South Korea with a 73 billion won ($68.3 million) deal for a 215-room hotel in Seoul.
The trust, which already owns a portfolio of 11 hotels with over 4,000 rooms… Read More>>
TPG-China Lodging JV Buys Pair of Beijing Hotels From Ascendas Hospitality Trust for $186M
US private equity firm TPG has formed a joint venture with China Lodging Group, a NASDAQ-listed Chinese hotel group also known as Huazhu Hotels, to purchase a pair of hotels in Beijing for a total of RMB 1.18 billion ($186… Read More>>
GLP Shareholders Approve Ming Mei-Vanke Buyout and More Asia Real Estate Headlines
At the top of today’s news, GLP boss Ming Mei has crossed the last hurdle in his scheme to buy out the SG-listed warehouse builder with some help from China Vanke and some well-financed friends. Also getting some ink, prices… Read More>>
Mainland Tenants Help Drive HK Office Rents to New High and More Asia Real Estate Headlines
Hong Kong’s bubbly property market set a new mark this month, with a major property consultancy saying downtown office rents have hit their highest level in over a decade. Also in the news, CapitaLand’s Ascott buys up an Aussie partner… Read More>>
Ascott REIT Buys Times Square Hotel for $106M in 3rd NYC Acquisition
Ascott Residence Trust purchased a 224 room hotel near New York’s Times Square in the Singapore-listed REIT’s third New York hospitality acquisition in under two years, according to an announcement today by Ascott Residence Trust Management (ARTML), which manages the… Read More>>