Hilton Worldwide has sold the Hilton Odawara Resort and Spa in Japan to a joint venture between Mori Trust and Mori Trust Hotel REIT for $119 million, according to data supplied by Real Capital Analytics.
The REIT and the Tokyo-based… Read More>>
China Said to Pick New Head for Sovereign Fund and More Asia Real Estate Headlines
Sovereign funds, Swiss banks and French châteaux feature in today’s real estate headlines from around the region as China’s CIC is said to have found a new chief among the ranks at the country’s Bank of Communications, and finance heavyweight… Read More>>
HNA Plans to Sell $6.5B Hilton Stake – Adds to $6.6B 2018 Fire Sale
Debt-ridden HNA Group is planning to sell a stake in hotel operator Hilton Worldwide Holdings worth as much as $6.5 billion, after the group shed shares in two Hilton spinoffs in March for $2.4 billion.
The Hainan-based group is selling… Read More>>
Trump India Partner Accused of $147M Fraud and More Asia Real Estate Headlines
Apparently not content with dominating US political news, the Trump Organization has oozed into Asia’s real estate headlines today, with the story that an India based partner of the US president’s company is accused of running off with at least… Read More>>
HNA Sells Second Hilton Spin Off for $1.1B As Aviation Regulator Presses for Fuel Payment
Debt-wracked HNA Group is selling another Hilton spinoff for $1.1 billion, less than two weeks after it sold a $1.4 billion stake in Park Hotels & Resorts Inc. The mainland conglomerate is in desperate need of fresh cash as it… Read More>>
HNA Selling $1.4B Stake in Hilton Spin-Off, Cutting 25% of Workforce
HNA Group plans to sell its $1.4 billion stake in US hotel chain Park Hotels & Resorts Inc to ease its financial crisis, according to public documents regarding the cash-strapped Chinese conglomerate. The Hainan-based airline company will sell “some or… Read More>>
Singapore’s First Sponsor Joins $63M Team Purchase of Hilton Rotterdam
Singapore-listed property developer First Sponsor Group is teaming up with a consortium of investors to buy the Hilton Rotterdam hotel in the Netherlands for 50.4 million euros ($62.6 million).
First Sponsor is investing 12.4 million euros ($15.4 million) for a… Read More>>
Singapore’s City Towers Put on the Block for S$355M and More Asia Real Estate Headlines
Another collective sale leads the region’s real estate headlines again today as Asia gets back to work after the western holiday season, with the owners of a housing development hoping to bring in S$355 million to be homeless. Meanwhile, Guangzhou… Read More>>
M&G Asia Fund Buys Aussie Office Tower for A$119M and More Asia Real Estate Headlines
China’s debt threat is competing for investor attention with booming markets in Singapore and Australia today as a UK investor’s Asia fund picks up an office block in Brisbane and HNA’s partners around the world wait to see if their… Read More>>
Blackstone Selling Hilton Stake to HNA for $6.5 Bil
Blackstone’s Jonathan Gray doesn’t speak much Mandarin, but he seems to know the right words for reaching Chinese investors, after the global head of real estate for the alternative investment giant agreed to sell a roughly 25 percent stake in… Read More>>
