A luxury home in the Repulse Bay enclave changes hands in Hong Kong’s latest fire sale, with that story leading today’s headline roundup. Also making the list, a proposed buyout of ESR bogs down over valuation and DigitalBridge completes a… Read More>>
Singapore’s UOL Sees Net Profit Slide in Q3 and More Asia Real Estate Headlines
Leading today’s set of real estate headlines from around the region, Singapore’s UOL announced an 85 percent drop in net profit after a recent consolidation, plus the fugitive boss of one of Hong Kong’s largest developers is still free to… Read More>>
HNA Agrees to Sell Radisson Hotel Group to Jin Jiang for Reported $2B
Two years after acquiring the Minnesota-based hotel group now known as Radisson Hospitality, Hainan-based conglomerate HNA has agreed to sell off its interest in the 1,400 venue hotel chain to a consortium led by Shanghai-based Jin Jiang International Holdings, according… Read More>>
Strange Bedfellows? Shanghai’s Jin Jiang Hotels Leads $260M WeWork Investment
In some ways, hotels and co-working spaces are a lot alike. Both feature a transient clientele base that may need space for a single day or indefinitely, but don’t want anything too permanent. Both attract people from all walks of… Read More>>
Jin Jiang Said to Join Chase for Carlyle’s $1.1B French Hotel Chain
Shanghai-based hotel operator the Jin Jiang Group is said to have joined the bidding for B&B Hotels, making it the second mainland Chinese firm to pursue the French econo-chic hospitality brand.
The Carlyle Group, which currently owns 80 percent of… Read More>>
Will a Chinese Bidder Win Starwood’s $12B Hotel Portfolio?
China’s biggest US acquisition ever could be on the way soon, as three mainland entities are said to have submitted proposals to acquire Starwood Hotels and Resorts Worldwide, with the New York Stock Exchange-listed company currently valued at nearly $12… Read More>>
China’s Sunshine Insurance Buys Sydney Sheraton Hotel for $401M
Hospitality group Starwood Hotels & Resorts Worldwide announced on Friday that it had sold its Sheraton on the Park in Sydney, Australia to China’s Sunshine Insurance Group Corporation for A$463 million (US$401 million).
The acquisition continues a number of major… Read More>>
China’s Jin Jiang to Buy French Hotel Group for Over $1.49B
Chinese investors continued their harvest of international hotels last week when the Jin Jiang Group agreed to buy France’s Louvre hotel chain for a sum said to be in excess of $1.49 billion.
In the deal due to close in… Read More>>