Asia real estate and outbound investment news
A property conglomerate owned by Hong Kong’s richest man is taking care to conserve its cash amidst the city’s current economic challenges, by putting staff at many of its hotels on unpaid, leave according to local media reports.
CK Asset… Read More>>
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>>
OYO Hotels & Homes is denying reports that it has conducted mass layoffs in China, after accounts in the local media indicated that the Indian lodging unicorn had cut up to 1,000 mainland staff.
An OYO spokesperson refuted the claims… Read More>>
City Developments Limited has launched a £776 million ($989 million) takeover bid for London-listed Millennium and Copthorne Hotels (M&C) that values the Airbnb-challenged hotel chain at £2.2 billion, according to an announcement by the publicly-listed flagship of the Hong Leong… Read More>>
Hong Kong home prices lead the way in Mingtiandi’s roundup of Asia real estate headlines today with a Swiss investment bank warning that US-China tensions will start to bite, while trade tariffs prompt several major hotel groups to double down… Read More>>
Singapore’s sovereign wealth fund, GIC and South Asia’s largest hospitality group by market capitalization, IHCL, have agreed to an investment partnership which is expected to be worth $600 million over the next three years, the National Stock Exchange of India-listed… Read More>>
Huazhu Hotels Group, a NASDAQ-listed hotel operator known for its network of economy hostelry chains in China, has teamed up with investment giant China Everbright’s real estate investment arm to launch a private equity investment fund focusing on hotel and… Read More>>
ARA Asset Management announced today that it has registered the initial public offering prospectus for ARA US Hospitality Trust, kicking off a $451 million listing for the hotel investment vehicle in Singapore.
The public offer, which began on Thursday night… Read More>>
Singaporean sovereign wealth fund GIC announced last week that it had secured a 25 percent stake in the €2 billion ($2.25 billion) European hotel owner-operator citizenM.
The investment makes GIC the third prong in a trio of shareholders now in… Read More>>
Oxley Holdings has appointed new consultants to find a fresh buyer for its Novotel and Mercure hotels on Stevens Road after a previous suitor was found to have breached the terms of a letter of intent for purchase of the… Read More>>
