Japanese real estate developer Tokyu Land is betting on hospitality in the Land of Smiles, with the company’s Singaporean arm investing in a trio of Ibis-branded hotels in separate resort areas in Thailand as tourism stages a partial post-Covid comeback.
Singapore’s ARA US Hospitality Trust Buying Hotel in US Military Hub for $29M
ARA US Hospitality Property Trust is ready to work with Uncle Sam as the Singapore-listed REIT announced on Wednesday that it has agreed to buy a Hilton-branded property in one of America’s biggest military hubs for $29 million.
The ESR-controlled… Read More>>
Mandarin Oriental Selling DC Hotel to UK’s Henderson Park For $139M
Hong Kong-based Mandarin Oriental International is selling its five-star luxury hotel in Washington DC to UK asset manager Henderson Park for $139 million as the Jardine Matheson-controlled firm continues to offload US assets on weak corporate bookings.
Mandarin Oriental told… Read More>>
GIC Buying 27 US Hotels for $822M, Picks Up Reported $6.8B in American Sheds
US real estate continues to attract Singapore’s state-backed investment giants, with sovereign wealth fund GIC set to purchase a 27-hotel portfolio via a joint venture after reportedly acquiring 328 industrial properties in a separate deal.
Summit Hotel Properties, a New… Read More>>
AXA IM Buys Hiroshima Hotel From GreenOak JV for JPY 4.6B
AXA IM – Real Assets has agreed to acquire a hotel in Hiroshima for JPY 4.6 billion ($43 million), according to an announcement from the property arm of the French insurer on 22 July.
The Paris-based fund manager is purchasing… Read More>>
Japan’s Mori Backs HK Hospitality Investment Firm
A unit of Mori Building Co, Japan’s largest privately owned developer, is investing in Conduit House, a private equity firm specialising in hospitality projects, according to an announcement by the Hong Kong-based firm late last month.
Mori Hospitality is investing… 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>>
Anbang Buys Amsterdam Hotel from Blackstone for $392M
Anbang Group has forged another deal with Blackstone, buying an Amsterdam hotel from the US private equity giant for €350 million ($391.6 million), Dutch real estate news site PropertyNL has reported. The deal marks Anbang’s latest acquisition from Stephen Schwarzman’s… Read More>>
Gaw’s Pioneer Global Invests $118.4 Mil in HK’s Intercontinental Hotel
Nearly two years after Gaw Capital led an investment consortium that acquired Hong Kong’s Intercontinental Hotel for $938 million, Pioneer Global Group, which is controlled by the city’s Gaw family, has agreed to invest $118.4 million to acquire an additional… Read More>>
Betting on Indochina Travel Boom, Savills Acquires Vietnam Hotel Advisors
Savills Hotels, the hospitality arm of the LSE-listed international property consultancy, last week announced a merger with Saigon-based hotel and resort advisory firm Alternaty, aimed at strengthening the company’s hotel platform across the region. Financial terms of the deal were… Read More>>