Asia real estate and outbound investment news
Weave Living is leading a S$75 million ($56 million) purchase of a hotel in Singapore’s Bugis district to mark its first acquisition in the Lion City.
The Warburg Pincus-backed rental housing platform is acquiring the row of two-storey shophouses at… Read More>>
Less than a week after reports surfaced of Japan’s Seibu Holdings disposing of a portfolio of hospitality properties, the travel conglomerate confirmed on Thursday that it has agreed to sell 15 Prince hotels and 16 additional leisure properties in Japan… Read More>>
Singapore’s GIC is in the final stages of a deal which would make it the owner of around 30 hospitality assets operated by one of Japan’s oldest hotel chains through a JPY 150 billion ($1.3 billion) deal, according to market… Read More>>
PGIM Real Estate has moved to acquire a pair of Hong Kong hotels, including snapping up a mid-range Central hostelry for a reported HK$850 million ($109 million), as the city’s travel slump persists and the market for residential conversions heats… Read More>>
Hong Kong billionaire Michael Kadoorie has agreed to pay a steep premium to increase his family’s majority stake in Hongkong and Shanghai Hotels Ltd from 59.98 percent to 72.43 percent through an off-market share purchase totalling HK$2.63 billion ($337.5 million).
AEW Capital Management has agreed to purchase a Kowloon hotel from Chuang’s Consortium International Ltd for HK$1.65 billion ($210 million) as hospitality to rental residential conversions come into vogue amid Hong Kong’s extended travel slump.
The Boston-based fund manager has… Read More>>
US developer Hines has acquired Butterfly on Prat, a 158-room hotel in Hong Kong’s Tsim Sha Tsui area, which the firm plans to convert into a co-living flagship to be managed by local residential operator Dash Living.
The 18-storey asset… Read More>>
Gaw Capital Partners’ investment in a hip New York City hotel has pulled it into a conflict with Wells Fargo bank and US private equity heavyweight Apollo Global Management, after the Hong Kong fund manager stopped making payments on a… Read More>>
Singapore’s Eagle Hospitality Trust could soon make history as the first S-REIT to have directors or former directors arrested on two continents, following a US court judgement handed down on Monday.
The US Bankruptcy Court for the District of Delaware… Read More>>
US real estate continues to attract Singapore’s state-backed investment giants, with sovereign wealth fund GIC set to purchase a 27-hotel portfolio via a joint venture after reportedly acquiring 328 industrial properties in a separate deal.
Summit Hotel Properties, a New… Read More>>
