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>>
GIC Confirms Sale of Fukuoka Hilton to Mizuho Leasing, Flip to Japan Hotel REIT Expected
GIC has closed on Asia Pacific’s largest hotel deal by room-count this year with a spokesperson confirming to Mingtiandi on Friday that the Singapore sovereign fund sold the Hilton Fukuoka Sea Hawk to Mizuho Leasing in a transaction which closed… Read More>>
Ong Beng Seng’s HPL Leads Sale Effort for Orchard Road Hotel Complex
Just over one year after winning provisional approval to redevelop a trio of buildings at the west end of Singapore’s Orchard Road, Ong Beng Seng’s Hotel Properties Ltd is poised to sell a commercial complex along the eastern portion of… Read More>>
Family of Hong Kong’s Late Minibus King Marketing Budget Hotel as Student Housing Play
The family of Hong Kong’s late “Minibus King” Ma Ah-muk has put up for sale a 93-key hotel in the city’s Sai Ying Pun area, with brokers marketing the budget hostelry for conversion to student housing.
With Ma having built… Read More>>
Australia’s Salter Brothers Forms Japan Hotel Partnership With Tokyo Century
A partnership formed by Melbourne-based Salter Brothers and a Japanese property firm has seen the Australian fund manager take over asset management for a five-star resort in the southern island of Kyushu.
Hospitality-focused Salter Brothers joined forces with Tokyo Century… Read More>>
Japan’s Star Asia REIT Buying Four Hotels for $240M
Japan’s Star Asia Investment Corp has agreed to acquire four hotels for a total of JPY 34.6 billion ($240 million), as the Tokyo-listed REIT makes strides towards its goal of amassing JPY 300 billion in assets by 2026.
The assets… Read More>>
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