Leading this week’s roundup of people moves, a top hospitality exec has joined Hyatt Hotels to lead the brand’s growth in Greater China. An asset management pro is taking the helm at a newly formed Singaporean investment firm, and CBRE… Read More>>
HNA Made 90% Gain on Latest Hilton Stake Sale and More Asia Real Estate Headlines
HNA may be struggling to stay afloat, but China’s late debt drunkard can at least feel good that some of its investments have paid off, according to our lead story today. Plus the conglomerate apparently still has some credit on… Read More>>
GIC Enters $300M Mexico Multi-Family JV and More Asia Real Estate Headlines
Cross-border deals dominate the news today, with Singapore’s sovereign wealth fund GIC entering into a $300 million venture to build rental residences in Mexico. Also in the headlines, a US pension fund has committed $50 million to Chinese car… Read More>>
China Oceanwide Acquires Genworth Financial in $2.7B Deal, Continues US Push
China Oceanwide Holdings continued its US acquisition spree by buying mortgage and life insurance firm Genworth Financial for $2.7 billion. The deal, which is subject to regulatory approval, will see the Beijing-based developer put up an additional $1.12 billion towards… Read More>>
Shanghai Construction Group Buys Orange County Hyatt for $137M
Shanghai Construction Group became the latest Chinese buyer of an overseas hotel recently when a US subsidiary of the state-owned giant picked up the Hyatt Regency Orange County for $137 million.
The southern California hotel acquisition by SCG America is… Read More>>
Hong Kong’s Fu Wah Group Buys Melbourne Park Hyatt for A$135m
A privately owned Hong Kong real estate developer added to the flood of Chinese money into Australia this week by picking up the Melbourne Park Hyatt Hotel for a reported A$135 million (US$119.78 million).
The five star hotel is located near Melbourne’s Parliament House at 1 St Andrews Place and was developed in 1999 by Lustig & Moar at a cost of $150 million. The sale involves both the 240 room Park Hyatt hotel and an adjoining commercial car park.