ARA US Hospitality Trust has agreed to acquire a 390-key trio of select-service hotels in the US for $84.5 million, just six months after the trust raised $498 million in its debut on the Singapore stock exchange.
The trust has… Read More>>
Wing Tai Awarded Singapore Site for S$492M and More Asia Real Estate Headlines
With mainland China and Hong Kong taking a break to honour the dear departed on Friday, stories from Singapore and Australia push their way to the top of Asia’s real estate news. In the Lion City, the government has chosen… Read More>>
Asia Real Estate People in the News 2018-06-04
The CEO of Southeast Asia’s largest property developer leads this week’s roundup of people moves, with CapitaLand announcing that its top executive will be calling it quits at the end of the year. Also of note, a Paris-based resort operator… Read More>>
Wanda Waves Bye Bye to Sofitel, Hyatt and Hilton in Quest to Build Own Hotel Brand
Dalian Wanda Group is saying goodbye to its partnerships with foreign hotel operators as the Chinese conglomerate continues its quest to build the first globally recognised Chinese premium hotel brand.
While the company has been forced to abandon its attempts… Read More>>
Gaw Capital Adds Oakland Marriott Hotel to US Portfolio for $143M
Hong Kong’s Gaw Capital has agreed to purchase the Marriott City Center hotel in Oakland California for $143 million, according to sources familiar with the transaction who spoke with Mingtiandi.
The private equity real estate shop is buying the 494-room… Read More>>
China New Home Price Growth Slows to 1.3% in June and More Asia Real Estate Headlines
China’s 2016 housing boom continued to taper off in June as growth in average home prices slowed again following purchase restrictions in the largest cities. Also, one of the mainland’s biggest developers signs up to invest $5 billion in India,… Read More>>
Piecing Together Why Anbang Walked Away From Its $14B Starwood Bid
In a brief message last Thursday, China’s Anbang Insurance abandoned their $14 billion bid for Starwood Hotels and Resorts Worldwide, with the mainland acquisition machine and its deal partners saying only that “due to various market considerations, the Consortium has… Read More>>
Anbang Abandons $14B Starwood Bid – Did Beijing Pull the Plug?
On Monday, China’s Anbang Insurance stunned the world – and Marriott International – with an all cash $14 billion offer for Starwood Hotels and Resorts Worldwide.
The offer, which reportedly was Anbang’s sixth attempt to buy the US hotel chain,… Read More>>
Marriott Inks Deal for 100 New Hotels in China and More China Real Estate Headlines 2016-02-17
Despite the ongoing predictions of gloom, a major US hospitality chain bets on a 100-hotel joint venture in China. Also, mainland developer shares rise at the same time that some are reporting improved January sales. Read on for all this… Read More>>
Controversial China Steel Magnate Linked to $468M Paris Hotel Deal
A company linked to controversial China steel tycoon Du Shuanghua has agreed to buy an international hotel along Paris’ historic Champs-Elysee for 344.5 million euros ($468 million).
Hong Kong-listed Kai Yuan Holdings Ltd (1215), whose primary business is investment in… Read More>>
