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>>
Rava’s Samty Reaches $391M Closing on First Japan Hotel Investment Fund
Just over a half-year after having been taken private in a transaction backed by Hillhouse Investment’s Rava Partners division and Daiwa Securities Group, Japanese real estate firm Samty Holdings has raised JPY 58 billion ($391 million) for its first dedicated… Read More>>
Tycoon Robert Kuok’s Daughter Named CEO of Shangri-La
Shangri-La Asia is appointing founder Robert Kuok Hock-nien’s daughter Kuok Hui Kwong chief executive of the hotel group, adding to her role as chairman, according to a filing this past week to the Hong Kong stock exchange.
Now 47, the… Read More>>
New World Seeks to Swap Office Floors for Hotel in Tsim Sha Tsui Project
As it struggles to refinance around $11 billion in debt amidst a declining property market, Hong Kong giant New World Development is reimagining a 28-storey commercial project in the heart of the city’s Tsim Sha Tsui tourist area.
After receiving… Read More>>
Alyssa Ties Up with Mitsubishi Unit to Buy Fukuoka Hotel From Morgan Stanley
The biggest city on southern Japan’s Kyushu island is the site of a major hotel deal with Alyssa Partners announcing the purchase of a 224 room property in central Fukuoka.
The investment manager partnered with Mitsubishi HC Capital Realty to… Read More>>
Amara Chairman Leads $392M Privatisation Bid for Singapore Hotel Group
Singapore’s Amara Holdings has received a buyout offer from parties led by the Teo family that controls the company, setting the stage for a deal that would value the SGX-listed hotel owner and operator at S$514.6 million ($391.9 million).
DRC… Read More>>
Singapore’s GIC Buying 35% Stake in Hotel JV With India’s Samhi for $88M
Singapore sovereign giant GIC has agreed to pay INR 7.52 billion ($88.2 million) for a 35 percent stake in a new investment platform for upscale hotel assets in India.
The partnership with Samhi Hotels Ltd is acquiring a seed portfolio… Read More>>
Lone Star Buys Yokohama Apartment Block From Mapletree for Hotel Project
Lone Star Funds on Tuesday announced its acquisition of a 175-room lodging asset in central Yokohama from Singapore’s Mapletree Investments for an undisclosed price, as the US private equity firm hunts for value-add opportunities in Japan’s real estate market.
Oakwood… Read More>>
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