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… Read More>>
Credit Suisse Says Trade War Will Hurt HK Market and More Asia Real Estate Headlines
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>>
GIC Teams with India’s IHCL for $600M Hospitality Investment JV
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 Partners with Everbright Ashmore for China Hotel Investment Fund
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 Launches $451M Singapore IPO of US Hotel REIT
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>>
GIC Takes 25% Stake in €2B European Hotel Group CitizenM
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 Reboots Sale of S$950M Singapore Hotels After Buyer Balks
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>>
Warburg Pincus-Backed Lemon Tree Buys Indian Rival Keys Hotels
Warburg Pincus-backed Lemon Tree Hotels has entered into a preliminary agreement to purchase Keys Hotels, a unit of New York’s Berggruen Hotels, according to a stock exchange filing by the New Delhi-based company.
Should the transaction take place, it would… Read More>>
Brookfield Buying India’s Leela Hotels for $576M
Canada’s Brookfield Asset Management has agreed to purchase a set of four hotels, a hospitality development project and branding rights to one of India’s elite hotel chains from Hotel Leela Venture for INR 39.5 billion ($576 million), according to a… Read More>>
Greenland Hotels Signs Pair of Deals to Manage Thai Hospitality Projects
The hotel and tourism unit of Shanghai Greenland Group, one of China’s largest real estate developers, announced on March 6th that it has struck new partnerships with three Southeast Asian developers to accelerate the global expansion of its hotel management… Read More>>
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