Huazhu Hotels Group, a NASDAQ-listed hotel operator known for its chains of economy hostelries in China, including Home Inn and 7 Days Inn, was revealed by mainland network security organisation JDSEC Team as having been the victim of a hack… Read More>>
Anbang Said Seeking Buyer for $5.5B Set of US Luxury Hotels
Anbang Insurance Group is reportedly looking to sell off the Strategic Hotels & Resorts portfolio of 15 luxury hotels it picked up two years ago for $5.5 billion, according to the Wall Street Journal. If the company finds a buyer,… Read More>>
HNA Agrees to Sell Radisson Hotel Group to Jin Jiang for Reported $2B
Two years after acquiring the Minnesota-based hotel group now known as Radisson Hospitality, Hainan-based conglomerate HNA has agreed to sell off its interest in the 1,400 venue hotel chain to a consortium led by Shanghai-based Jin Jiang International Holdings, according… Read More>>
Gaw Capital JV Buys 50% Stake in Spanish Hotel Chain for €125M
Gaw Capital Partners announced on Wednesday its €125-million ($146 million) acquisition of a 50 percent stake in Spain’s Hospes Hotel Group through a joint venture formed by its European Hospitality Fund I and Spanish investment company Omega Capital, as the… Read More>>
UOL Continues Hospitality Expansion With $56M Double-Barreled Jakarta Deal
Less than two months after buying a $771 million site in central Singapore, SGX-listed UOL Group has taken its 2018 expansion program to Jakarta by purchasing 180 apartments at the city’s Thamrin Nine development and inking a deal to manage a… Read More>>
Warburg-Backed Hospitality Investor Buys Pair of Historic Cambodian Hotels
Lodgis Hospitality Holdings, a Singapore-based hotel investor and developer backed by Warburg Pincus and VinaCapital has completed the acquisition of a pair of heritage hotels in Cambodia, according to an announcement by the two-year-old firm.
The Indochina-focused hotel firm purchased… Read More>>
Gaw Capital Buys Melbourne Complex for A$157M
Gaw Capital Partners continues to be in buy mode this week as the Hong Kong-based investment manager has headed south to Melbourne, Australia to pick up a hospitality and office complex for A$157 million ($115 million)
The family-run real estate… Read More>>
LaSalle Takes $1.2B Asia Fund to Disneyland for Tokyo-Area Hotel Buy
LaSalle’s latest Asia opportunity fund has acquired a hotel near Tokyo Disneyland. The real estate investment group announced the investment in the 216 room, eight-storey asset as an opportunity to profit from a Japanese tourism boom as inbound traveller numbers… Read More>>
Ascendas Hospitality Trust Grabs Trio of Osaka Hotels for $102M
Singapore-listed Ascendas Hospitality Trust has struck a deal to buy three newly-built hotels in Osaka for a total price of about 11.24 billion yen ($101.6 million), amid a surge of overseas tourist arrivals in Japan’s third-largest city.
The acquisition will… Read More>>
HNA Sells Stake in Spain’s NH Hotels for $723M, Bringing 2018 Fire Sale to $14.5B
Embattled Chinese conglomerate HNA Group is shedding its stake in European hotelier NH Hotel Group, in the latest move by the debt-strapped firm to downsize its trove of overseas assets and raise badly needed cash.
HNA is selling the 25.2… Read More>>
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