A compact hostelry in Causeway Bay has become the latest Hong Kong property to change hands at a discount, with a mainland buyer picking up Le Petit Rosedale Hotel in the bustling shopping district for 34 percent below the seller’s… Read More>>
Hong Kong’s Billionaire Shop King Sued for HK$12M in Back Rent
Tang Shing-Bor, known in Hong Kong as the “Shop King” has hit a patch of legal trouble after failing to pay more than HK$12 million ($1.5 million) in rent, according to local news reports.
The owners of a building at… Read More>>
Mandarin Oriental Hotels Reports $435.5M Loss for 2020 1H
The Mandarin Oriental Hotel Group said late last week that its net loss in the first half of 2020 widened to $435.5 million from $7.1 million over the same period one year ago, as the COVID-19 pandemic shuttered its hotels… Read More>>
SGX-Listed Eagle Hospitality Trust Reveals Fresh Defaults, Liens
Cash-strapped and handcuffed by the pandemic, Eagle Hospitality Trust announced its latest series of defaults and litigation in a filing to the Singapore Exchange on Sunday.
EHT, comprised of Eagle Hospitality REIT and Eagle Hospitality Business Trust, said that the… Read More>>
JLL Names New Head of APAC Hospitality Division
JLL has promoted the CEO of its hospitality business in Asia to the top role regionally, adding Australia, New Zealand and the Pacific Island markets to the senior executive’s territory.
Mike Batchelor, a 27-year employee of the US-based commercial real… Read More>>
Peninsula HK 86% Empty as Hong Kong and Shanghai Hotels Faces Global Crisis
Occupancy at Hong Kong’s famed Peninsula hotel plunged to 14 percent in the first three months of the year, as the owner of the 300-room luxury hotel – Hongkong and Shanghai Hotels – suffered from what chairman Sir Michael Kadoorie… Read More>>
Korea’s Mirae Sends Termination Notice on $5.8B Anbang Hotel Deal
South Korea’s Mirae Asset Management has sent a notice of termination to Dajia Insurance, formally scrapping its $5.8 billion acquisition of a portfolio of 15 high-end US hotels that the mainland group had taken over in the restructuring of troubled… Read More>>
Anbang Sues Korea’s Mirae as $5.8B US Hotel Deal Collapses
China’s Anbang Insurance is suing Korea’s Mirae Asset Management for failing to pay for the $5.8 billion acquisition of a portfolio of 15 high-end US hotels, after the coronavirus pandemic stalled financing for the transaction.
The nationalised mainland insurer filed… Read More>>
Singapore Hotel REIT Ditches Distribution Payment After $341M Default
Eagle Hospitality Trust on Tuesday informed its investors that it has shelved a distribution payment due to security holders, after defaulting on a $341 million loan facility.
The managers of the SGX-listed real estate investment trust announced to the stock… Read More>>
Oyo Hotels Said to Cut Over 72% of China Staff
Oyo Hotels has cut its China staff by more than 72 percent since late 2019, according to a local news report last week, as the Softbank-backed company struggles to reach profitability less than one year after declaring itself the world’s… Read More>>
- « Previous Page
- 1
- …
- 18
- 19
- 20
- 21
- 22
- …
- 33
- Next Page »