Shortly after raising $2.5 billion to invest in Asian real estate, TPG Angelo Gordon is leading the region’s biggest hospitality investment so far this year with the JPY 106 billion ($691 million) purchase of a Tokyo hotel, according to market… Read More>>
Blackstone Teams With Korea’s Blue Cove to Buy Gangnam Tower for $86M
US private equity giant Blackstone has joined forces with Korean asset manager Blue Cove Investment to acquire an office building in Seoul’s Gangnam business district for KRW 120 billion ($86 million), according to sources familiar with the transaction.
Manhattan-based Blackstone… Read More>>
Foreclosed Hotel in Hong Kong’s Tin Hau Sells for 60% Below Asking Price
A hotel near Hong Kong’s Causeway Bay retail hub has sold for 60 percent less than the former owner’s asking price a year ago, as investors hunt for bargains amid plunging property valuations in the Asian financial centre.
Receivers acting… Read More>>
Hotel in Singapore’s Tanjong Pagar on the Market for $68M as Hospitality Market Booms
Investors are about to get a demonstration of the impact of Singapore’s booming travel market on hotel values as local boutique hospitality firm Garcha Group puts a heritage hospitality asset on the market in the city-state’s Tanjong Pagar area.
Formed… Read More>>
APAC Hotel Investment to Hit $12.2B in 2024 as Japan Drives Deal Volume: JLL
Asia Pacific hotel investment is likely to surpass $12 billion for the full year after transaction volume totalled $9.05 billion in the first nine months of 2024, led by dealmaking in Japan, according to JLL.
Full-year investment in APAC hospitality… Read More>>
Hongkong and Shanghai Hotels Names Outgoing DFS Chief Vuchot as CEO
The owner of one of Asia’s ritziest hotel chains has appointed new leadership with The Hongkong and Shanghai Hotels Limited announcing late Tuesday that it has appointed outgoing DFS Group chairman Benjamin Vuchot as executive director and chief executive officer… Read More>>
CapitaLand Ascott Trust Sells Citadines Kyoto Asset to Hilton for $42M
CapitaLand Ascott Trust has sold a serviced apartment block in Japan’s ancient capital of Kyoto to Hilton’s vacation-home brand for JPY 6.2 billion ($42 million).
The 124-unit Citadines Karasuma-Gojo Kyoto was divested at 40.1 percent above its book value and… Read More>>
Ascott-QIA JV Sells Hotel on Tokyo’s Ginza to Singapore’s Invictus
Singapore’s Invictus Developments has entered Japan with the acquisition of the Lyf Ginza Tokyo hotel, after the country logged $2.6 billion of hotel transactions in the first half of the year, representing a 64 percent year-on-year increase, according to JLL.
Hong Kong’s AB Capital Grows Japan Portfolio With Central Tokyo Hotel Buy
Hong Kong-based AB Capital on Tuesday announced the completion of a hotel purchase in Tokyo’s Taito ward, marking the seventh hospitality asset acquired by the Japan-focused fund manager.
The 175-room Vessel Inn Asakusa Tsukuba Express represents the third investment under… Read More>>
Blackstone Selling Motel 6 Lodging Brand to India’s Oyo for $525M
Private equity giant Blackstone has agreed to sell the franchiser of Motel 6, an American budget hotel chain, to Indian hospitality group Oyo for $525 million.
Oyo’s parent firm, Oravel Stays Ltd, will acquire G6 Hospitality in an all-cash deal,… Read More>>
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