Asia Pacific real estate investment news and information
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>>
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>>
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>>
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>>
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>>
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>>
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>>
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>>
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 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>>
