Singapore’s Amara Holdings bought a plot of land in Shanghai’s Puxi district in 1996, and more than two decades later, the property and hospitality group is marking its official debut in China with the launch of a 30-storey luxury hotel… Read More>>
Greenland Group Said Hawking LA Hotel for $280M Amid US Pullback
China’s Greenland Group is reportedly shopping the hotel within its flagship mixed-use project on the US west coast only 10 months after it opened, in the latest sign of overseas strains for the state-owned property firm.
Greenland USA, the company’s… Read More>>
TPG-China Lodging JV Buys Pair of Beijing Hotels From Ascendas Hospitality Trust for $186M
US private equity firm TPG has formed a joint venture with China Lodging Group, a NASDAQ-listed Chinese hotel group also known as Huazhu Hotels, to purchase a pair of hotels in Beijing for a total of RMB 1.18 billion ($186… Read More>>
Joy City Selling Loss-Making W Hotel in Beijing for RMB 2B
Commercial real estate developer Joy City Property is selling the W Hotel Beijing Chang’an to a Shanghai-based fund for a total of RMB 2 billion ($302 million), according to an announcement to the Hong Kong stock exchange on Friday by… Read More>>
Kailong REI Said To Buy Hong Kong Hotel for $173M
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 (鄭啟俊), 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>>
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