This week’s people in the news has strong ties to CBRE with several of the firm’s former employees moving on to new gigs. CBRE Capital Advisors saw a Senior Director leave for Credit Suisse while the former CEO and Chairman… Read More>>
China Life Acquires $2B Stake In US Hotels From Starwood Capital
China Life Insurance has followed through on its promise to ramp up outbound real estate investment efforts by acquiring a $2 billion stake in a portfolio of US hotels from Starwood Capital Group.
According to a statement by Starwood Capital to NASDAQ,… Read More>>
South Korea’s Mirae Splashes Out $756M to Buy Waikiki Resort From Blackstone
Hyatt Regency Waikiki Beach Resort & Spa is known for offering guests views of Hawaii’s pristine blue ocean waters, and the resort’s new owners, Mirae Asset, are hoping to see another color — green.
The South Korean financial services firm… Read More>>
Wang Jianlin Fends Off Jack Ma to Remain China’s Richest Man and More Asia Real Estate Headlines
Leading the news today, Wanda boss Wang Jianlin has kept his title as China’s richest man, according to at least one survey. Elsewhere the headlines are dominated by efforts to control, exploit or otherwise have fun with the flow of… Read More>>
China Declares End to Home Price Inflation and More Asia Real Estate Headlines
The latest mainland economic data has been released and the figures seem to show an end to China’s property recovery and raise questions about how some areas of the country will cope with lingering oversupply. Also in the news, Evergrande… Read More>>
Anbang Back in Hotel Hunt with $7B Bid for IHG
China’s Anbang Insurance has apparently rekindled its passion for hotels with the mainland financial upstart reportedly preparing a $7 billion bid for the FTSE-listed Intercontinental Hotels Group.
Anbang, which became famous for its $1.95 billion acquisition of New York’s Waldorf… Read More>>
CIC Said Buying A$500M Stake in Mirvac Melbourne Project and More Asia Real Estate Headlines
Asia’s real estate players opted not to take a break, even on an August weekend, with China’s sovereign wealth fund said to be closing in on an A$500 million investment into a Melbourne project, while a certain US presidential candidate’s… Read More>>
JLL Boosts Greater China Hotel Team Amid Mainland Tourism Boom
International real estate service provider JLL is ramping up its hotel brokerage team in Greater China as the mainland undergoes an unprecedented tourism boom.
The US-based property consultancy is expanding its Hotels & Hospitality Group in Shanghai and Hong Kong… Read More>>
Did Anbang Just Secretly Spend $1.6B to Buy a Canadian Hotel Chain?
After withdrawing its $14 billion bid for Starwood Hotels & Resorts on April Fools’ Day, China’s Anbang Insurance Group has apparently moved on to acquire a hotel group in Canada, as what appears to be an affiliate of the mainland… Read More>>
Hotel Investment Conference Kicks Off in Shanghai This Week
Representatives of China’s hotel investment giants, including Greenland Group, Fosun, and Poly Group will meet face to face with global hospitality leaders from Accor, Hyatt, Hilton, and Intercontinental Hotel Group amidst a surge in Chinese tourism investments both domestically and… Read More>>
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