A joint venture between Singapore-listed Soilbuild Construction Group and iProsperity, an asset manager which manages funds for Chinese high net worth individuals, has acquired a portfolio of US boutique hotels at a discount, braving the coronavirus crisis for the chance… Read More>>
Far East Consortium Names CEO for Upcoming Hotel REIT
Hong Kong-based real estate investment firm Far East Consortium International has appointed Derek Cheung as chief executive officer of a hotel trust that the group plans to list in the coming months.
Cheung, who started his new role as head… Read More>>
HSBC Says Mainland Property Sales to Plunge 10% and More Asia Real Estate Headlines
Plunging property sales lead the way in Mingtiandi’s roundup of Asia real estate headlines today with HSBC predicting a bleak 2020 for mainland China’s real estate market.
In other news around the region, a top office of a Singapore bakery… Read More>>
Oyo Hotels Cutting 20% of India Staff, 65,000 Rooms Vanish From Website
Just over seven months ago, India’s Oyo Hotels proclaimed itself the world’s third largest hotel. Now the Softbank-backed startup is cutting headcount in its home market by around one-fifth, as it struggles for profitability.
Valued at as much as $10… Read More>>
PAG Joins with Korean Investor to Buy Grand Hyatt Seoul for KRW 560B
PAG has teamed up with Seoul-based Inmark Asset Management to acquire the landmark Grand Hyatt Seoul hotel, as the city’s hospitality sector continues to draw interest from foreign investors.
The Hong Kong-based private equity firm, together with its co-investors, is… Read More>>
China’s Huazhu Group Reports 19% Growth in Hotel Turnover in Q3
Huazhu Group has revealed a 19 percent year-on-year jump in hotel turnover for the third quarter of 2019, as China’s largest operator of budget inns boosted its portfolio to more than 5,000 locations.
Turnover increased to RMB 10 billion ($1.4… Read More>>
ARA US Hospitality Trust Buys Trio of Texas, North Carolina Hotels for $84.5M
ARA US Hospitality Trust has agreed to acquire a 390-key trio of select-service hotels in the US for $84.5 million, just six months after the trust raised $498 million in its debut on the Singapore stock exchange.
The trust has… Read More>>
China’s Huazhu Hotels Buys German Hospitality Group for $802M
In a sign of how life may be changing for global plutocrats, the next World Economic Forum in Davos may be held at a Chinese budget hotel. Or at least at a property owned and managed by China’s Huazhu Hotels… Read More>>
China Cinda Revealed as Buyer in HK$4.3B Deal for Kimberley Hotel in Hong Kong
State-owned “bad bank” China Cinda Asset Management has been revealed as the buyer of a hotel in Hong Kong’s Tsim Sha Tsui area, spending HK$4.3 billion ($550 million) on the asset despite a 70 percent slump in hotel investment during… Read More>>
Singapore’s GIC, NYSE-Listed Summit Hotels Acquire Four US Hospitality Assets for $249M
Singapore’s sovereign wealth fund GIC has agreed to acquire four hotels along the west coast of the US for $249 million through a recently formed joint venture with Summit Hotel Properties, according to an announcement by the New York Stock… Read More>>
- « Previous Page
- 1
- …
- 19
- 20
- 21
- 22
- 23
- …
- 33
- Next Page »