Just over a year after Kailong Real Estate Investment sold off a former hotel that it had converted into a co-working centre in Shanghai, the Warburg Pincus-backed firm is said to have bought the Kings Hotel in Hong Kong’s Wanchai… Read More>>
Sun Hung Kai Picks Up Kowloon Hotel Site for Record-Breaking $649M
Hong Kong development giant Sun Hung Kai has bought a hotel site in Cheung Sha Wan for HK$5.06 billion ($648.8 million), blowing past market expectations for the waterfront parcel and setting a per square foot price record for the city’s… Read More>>
Rosedale Hotel in Hong Kong’s Causeway Bay Sells for $211M
Hong Kong’s hotel investment market continues to heat up, with the Rosedale hotel in Causeway Bay reportedly selling to a director of Hong Kong’s Shun Ho Property Investments for HK$1.65 billion ($211.4 million).
Jonathan Cheng (é„å•Ÿä¿Š), a director of Shun Ho… Read More>>
Singapore’s CDL Offers to Buy Out Millennium & Copthorne Hotels in $822M Deal
Singaporean property heavyweight City Developments Limited (CDL) has offered to buy out the outside investors in its Millennium & Copthorne Hotels, in a deal that values the London-listed global hotelier at £1.8 billion ($2.4 billion).
CDL, which already holds a… Read More>>
Wanchai Hotel Said Selling for $181M to Make Way for Co-Working Centre
A downturn in visitor arrivals to Hong Kong, along with the city’s world-leading office rents, may be fuelling a trend toward converting hospitality space into co-working centres, as yet another hotel in the centre city looks set for conversion into… Read More>>
Cindat Teams with London Investor for $703M UK Hotel Deal – Sets New 2017 High
Beijing-based private equity real estate firm Cindat Capital Management has reportedly teamed with London’s Aprirose in the property investment firm’s £525 million ($703 million) acquisition of UK hospitality chain Qhotels.
Aprirose announced the purchase of the chain of 26 five… Read More>>
Singapore’s GIC Buys 51% Stake in $909M Tokyo Disney Hotel
Singapore’s GIC is continuing a string of outbound mega-deals by partnering with a Japanese REIT to buy the largest hotel in the Tokyo Disney Resort area for around 100 billion yen ($909.1 million). Under the terms of the deal, the… Read More>>
Cindat Capital Said Joining $660M Pursuit of UK Hotel Group
Cindat Capital Management is hungry for a bigger piece of the global hospitality market, as the Chinese private equity firm is reportedly in talks for a £500 million ($660 million) joint acquisition of Britain’s QHotels Group.
Cindat is teaming up… Read More>>
Hong Kong Shop King’s Family Buys Wan Chai Hotel for $58M
Tang Shing-bor, known for his sprawling portfolio of retail shops, is continuing his drive to become one of Hong Kong’s leading hoteliers by purchasing the Hotel Bonaparte in Wan Chai for HK$450 million ($57.5 million).
Stan Group, a property company… Read More>>
Gaw Capital Reportedly in Talks for $340M Manhattan Hotel
Hong Kong private equity shop Gaw Capital Partners is reported to be in talks to add a boutique New York hotel to its $8 billion global property portfolio. Sources told The New York Post that a Gaw-controlled fund is in… Read More>>
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