Trades of hotels in Asia Pacific fell to $4.7 billion in the first half of 2025, down 23 percent compared with the same period a year earlier, as growing uncertainty globally kept investors on the sidelines, according to JLL.
The… Read More>>
Seibu Prince Buying Ace Hotel Brand for $90M
A hospitality unit of Japan’s Seibu Holdings has agreed to acquire the Ace Hotel brand for $90 million, giving the Tokyo-based travel conglomerate operational control of the boutique chain’s eight hostelries worldwide.
Ace will operate as a US-based subsidiary of… Read More>>
Hyatt Hits Final Close of Japan Hotel Development Fund With Takenaka and Kiraku
Hyatt Hotels Corp has announced the final closing of a JPY 22 billion ($149 million) fund to invest in development of luxury hot spring hotels in Japan under the Atona brand.
The Atona Impact Fund’s lead investors include Chicago-based hospitality… Read More>>
TPG AG, Hanison Selling Hong Kong Hotel for 44% Off 2018 Purchase Price
A joint venture between US private equity firm TPG Angelo Gordon and local builder Hanison Construction has agreed to sell a hotel in Hong Kong’s Sai Ying Pun area for 44 percent less than it paid to acquire the property… Read More>>
Frasers Hospitality Trust Heading Towards Privatisation After Lopsided Unitholder Vote
After falling short by a paper-thin margin almost three years ago, Frasers Property has cleared a key hurdle in its quest to privatise Singapore-listed Frasers Hospitality Trust, as unitholders decisively approved the scheme at a meeting late last week.
The… Read More>>
Tokyo, Hokkaido Hotels Lead $118M Portfolo Buy for SBI’s Nippon REIT
Nippon REIT has agreed to buy two hotels, two office buildings and an R&D facility for a total of JPY 17.4 billion ($118 million) as the TSE-listed trust aims to improve the quality of its portfolio.
Headlining the batch of… Read More>>
Park Hotel Founder Allen Law Breached Fiduciary Duty, Singapore High Court Finds
Singapore’s High Court on Wednesday ruled that Park Hotel Management founder Allen Law had breached his fiduciary duty to the hospitality operator by transferring some of the firm’s assets to himself “at a gross undervalue”.
During the COVID pandemic, Park… Read More>>
TPG Angelo Gordon Fund, Wang On Buy Kowloon Hotel for $55M in Student Housing Play
A fund managed by TPG Angelo Gordon has teamed up with Wang On Properties to take advantage of Hong Kong’s cratering commercial property market by acquiring a hospitality asset in the city for conversion to student housing.
The US fund… Read More>>
CapitaLand Ascott Trust Selling Central Tokyo Hotel to Mizuho Leasing for $166M
CapitaLand Ascott Trust continues to make moves to enhance its portfolio, with the Singapore-listed lodging REIT announcing a deal Thursday to sell an ageing hotel in central Tokyo for JPY 25 billion ($166 million).
Japan’s Mizuho Leasing is buying the… Read More>>
Ichigo Hotel REIT Buying Two Japan Hotels for $38M
Japan’s Ichigo Hotel REIT has agreed to acquire a property in Okinawa and another on the western coast of Honshu island for a total of JPY 5.7 billion ($38 million).
The Tokyo-listed trust sponsored by Ichigo, the investment manager led… Read More>>
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