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>>
Mirae Plans Anbang Hotel Deal Countersuit and More Asia Real Estate Headlines
Legal battles push viruses out of the headlines today as Korea’s Mirae Asset Management fires a fresh salvo in a court battle with China’s Dajia Insurance over a failed $5.8 billion hotel deal.
Also finding space in Mingtiandi’s real estate… Read More>>
SRE Group Directors Charged with Embezzlement and More Asia Real Estate Headlines Â
Embezzlement leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that the chairman of SRE Group, who was detained in January, has now been formally charged with embezzlement, along with an executive director of… Read More>>
CBRE Leads Brokerage Wins with Warburg Pincus-Backed RMB 3B Beijing Buy Mingtiandi Broker Battle
CBRE tops the deal charts this week after its team assisted a Warburg Pincus-backed JV in acquiring a 25,780 square metre (277,493 square foot) office tower in Beijing.
Also in mainland China, Shenzhen-based commercial real estate agency BlackHills scored with… Read More>>
PAG Joins with Korean Investor to Buy Grand Hyatt Seoul for KRW 560B
PAG has teamed up with Seoul-based Inmark Asset Management to acquire the landmark Grand Hyatt Seoul hotel, as the city’s hospitality sector continues to draw interest from foreign investors.
The Hong Kong-based private equity firm, together with its co-investors, is… Read More>>
Colliers Brokers S$402M Sale of SG Project to Li Ka-shing’s CK Asset and More Agency Wins Mingtiandi Broker Battle
A successful collective sale in Singapore leads this edition of Mingtiandi’s roundup of agency wins with Colliers’ having brokered the $291 million sale of an apartment block in District 10 to an entity linked to Hong Kong billionaire Li Ka-shing’s… Read More>>
PAG Said to Sign MOU to Buy Grand Hyatt Seoul for KRW 500B
PAG has signed a memorandum of understanding with Hyatt Hotels Corporation to acquire the Grand Hyatt Seoul for approximately KRW 500 billion ($410 million), according to market sources cited in the Korea Economic Daily.
The investment management firm led by… Read More>>