A Chongqing-based developer has closed one of London’s biggest real estate acquisitions ever thanks to some help from Bank of China. Also in today’s headlines, the staff of fugitive billionaire Guo Wengui may be wishing they’d taken that job at… Read More>>
Ascott REIT Buys Times Square Hotel for $106M in 3rd NYC Acquisition
Ascott Residence Trust purchased a 224 room hotel near New York’s Times Square in the Singapore-listed REIT’s third New York hospitality acquisition in under two years, according to an announcement today by Ascott Residence Trust Management (ARTML), which manages the… Read More>>
Anbang Buys Amsterdam Hotel from Blackstone for $392M
Anbang Group has forged another deal with Blackstone, buying an Amsterdam hotel from the US private equity giant for €350 million ($391.6 million), Dutch real estate news site PropertyNL has reported. The deal marks Anbang’s latest acquisition from Stephen Schwarzman’s… Read More>>
Shanghai Private Equity Group Said Buying Sydney Hotel for A$140M
Shanghai United Real Estate Investment, a private equity firm set up by a team of mainland investors and developers, is said to be on the cusp of buying an Intercontinental Hotel in Sydney from its Singaporean owners for A$140 million… Read More>>
Gaw’s Pioneer Global Invests $118.4 Mil in HK’s Intercontinental Hotel
Nearly two years after Gaw Capital led an investment consortium that acquired Hong Kong’s Intercontinental Hotel for $938 million, Pioneer Global Group, which is controlled by the city’s Gaw family, has agreed to invest $118.4 million to acquire an additional… Read More>>
Betting on Indochina Travel Boom, Savills Acquires Vietnam Hotel Advisors
Savills Hotels, the hospitality arm of the LSE-listed international property consultancy, last week announced a merger with Saigon-based hotel and resort advisory firm Alternaty, aimed at strengthening the company’s hotel platform across the region. Financial terms of the deal were… Read More>>
Far East Consortium Selling Kowloon Hotel to Nanjing Developer for HK$450M
A hotel subsidiary of Hong Kong’s Far East Consortium has agreed to sell a hotel in Hong Kong’s Mongkok area to a Nanjing-based developer for HK$450 million ($58 million) in the latest acquisition by Chinese real estate developers in the… Read More>>
Singapore’s UOL Buys Melbourne Hilton from Host Hotels & Resorts JV for $175 Mil
Singapore-listed real estate conglomerate UOL Group continued to expand its hospitality holdings last week with the announcement of an agreement to purchase the Hilton Melbourne South Wharf hotel in Melbourne, Australia for A$230 million ($175 million).
UOL, which is the… Read More>>
Thailand’s U City Buys European Hotel Chain for $349 Mil
Asian money continued flow into global hospitality assets this week as a Thai real estate developer announced an agreement to buy a European hotel chain and associated properties for 330 million euros ($349 million).
U City Public Company Limited, which… Read More>>
China Lodgings Holdings Buys Carlyle-Backed Crystal Orange Hotels for RMB3.65B
US private equity giant Carlyle Group achieved a successful exit from its investment in Crystal Orange Hotel Holdings when China Lodgings Holdings agreed to buy out its budget hotel rival for RMB 3.65 billion ($532 million), according to a statement… Read More>>
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