There have been numerous reports of declining property values in China, but a transaction late last month may provide the first example of a near half-stake in a Shanghai five-star hotel trading for the cost of an upscale condo.
Metro… Read More>>
Wing of Incheon Hyatt Sells for $145M and More APAC Real Estate Headlines
A Korean hotel deal leads today’s look at real estate headlines from around Asia Pacific, as a casino operator adds half of a Hyatt to its Incheon footprint. Also in the news are a Gaw Capital logistics JV in the… Read More>>
Hyatt Hits Final Close of Japan Hotel Development Fund With Takenaka and Kiraku
Hyatt Hotels Corp has announced the final closing of a JPY 22 billion ($149 million) fund to invest in development of luxury hot spring hotels in Japan under the Atona brand.
The Atona Impact Fund’s lead investors include Chicago-based hospitality… Read More>>
Singapore’s Ong Beng Seng Steps Down Before Guilty Plea and More Asia Real Estate Headlines
A player in a Singapore graft case leads today’s roundup of real estate headlines from Asia as Ong Beng Seng forsakes the top titles in a company he started four decades ago. Gaw Capital also makes the headlines with a… Read More>>
Mitsubishi, Lendlease Confirm $337M Sydney JV and More Asia Real Estate Headlines
Mitsubishi Estate and Lendlease confirm plans for a residential-led project in suburban Sydney, with that story leading today’s headline roundup. Also in the news, Australia’s Dexus REIT reels from office property write-downs and Chinese builder Sunac posts a $2.1 billion… Read More>>
Vanke Backers Buy Developer’s Shenzhen HQ Site and More Asia Real Estate Headlines
China Vanke completes the sale of a plot of land in Shenzhen at 27 percent below the purchase price, with that story leading Mingtiandi’s headline roundup today. Also in the news, the AI boom drives first-quarter acquisitions of APAC data… Read More>>
KKR and Gaw to Buy Hyatt Regency Tokyo From Odakyu Electric Railway
KKR has teamed up with Hong Kong’s Gaw Capital Partners to buy the Hyatt Regency Tokyo from Odakyu Electric Railway, giving the US private equity giant its first hotel asset in Japan.
Funds managed by the two investment firms have… Read More>>
ARA US Hospitality Trust Selling Four Hotels to Three Wall Capital for $32.5M
ARA US Hospitality Trust is selling a portfolio of four underperforming hotels in mid-tier American cities for $32.5 million, as the Singapore-listed REIT seeks to rebalance its portfolio in favour of higher-yielding core assets.
The 507-room portfolio comprises four Hyatt… Read More>>
Asia Real Estate People in the News 2022-04-25
After completing its takeover of ARA Asset Management three months ago, Hong Kong-listed ESR is adding some diversity to its board, with that update leading our weekly roundup of personnel moves from around the region. Also making our list this… Read More>>
Shimao Selling Shanghai’s Hyatt on the Bund to State Developer for $708M
Defaulting real estate developer Shimao Group has agreed to sell the Hyatt on the Bund Hotel in Shanghai to a property investment firm controlled by the city government for RMB 4.5 billion ($707.5 million), the Hong Kong-listed company said in… Read More>>