Asia Pacific real estate investment news and information
Invictus Developments has lodged plans to convert an office block it acquired in central Sydney last year into a 152-key hotel, moving a step closer to reaching its goal of a A$500-million ($326 million) hospitality portfolio Down Under.
In an… Read More>>
Shangri-La Group reported attributable net profit of $184.1 million for 2023, reversing three consecutive years of losses as the luxury hotel owner and operator benefited from the lifting of pandemic travel restrictions in mainland China and Hong Kong, its two… Read More>>
TPG Angelo Gordon is teaming up with Hong Kong’s Far East Consortium and Atelier Capital Partners to acquire a hospitality asset near Singapore’s Changi airport from Frasers Property for S$170 million ($127 million), according to market sources.
The partners on… Read More>>
A property investment firm backed by some of Hong Kong’s wealthiest families has completed its acquisition of a trio of Osaka hotels from CapitaLand Ascott Trust, with Axe Management Partners having paid JPY 10.7 billion ($75 million) for the assets.
Springtime in Paris may be a few weeks away, but hospitality deals continue to bloom as South Korea’s Sono International has become the latest Asian investor to acquire a hotel in the City of Light with a €120 million ($130.2… Read More>>
Blackstone has turned to an old friend from Singapore to sell a Paris hotel which it had held for more than a decade, with City Developments Ltd having agreed to buy the Hilton Paris Opéra from Blackstone Real Estate Partners… Read More>>
Singapore investment manager Sun Venture has made its first hospitality bet by acquiring a 280-key hotel in central London from UK asset manager Resolution Property for less than £100 million ($126.5 million), according to market sources familiar with the transaction.
Hotels continue to be a top target for real estate investors in Asia Pacific, with Sydney-based alternative asset manager MA Financial agreeing to buy a Melbourne hospitality asset from Singaporean developer Hiap Hoe late last week for A$96 million ($62.55… Read More>>
IOI Properties Group continues to boost its hospitality holdings with the Malaysia developer agreeing to purchase a 199-key hotel in Penang from local developer Tropicana Corp for RM 165 million ($35 million).
IOI on Friday signed a sale and purchase… Read More>>
PGIM Real Estate has agreed to acquire a boutique hotel in Hong Kong’s Sheung Wan district as the fund manager continues to snap up hospitality assets in the Asian financial centre for conversion into rental housing.
The property investment arm… Read More>>
