Hopes for India’s industrial future lead today’s look at real estate news around the region, as Brookfield is said to be out in front in the bidding for a set of ESR warehouses held by a joint venture with Allianz… Read More>>
Park Hotel Founder Allen Law Breached Fiduciary Duty, Singapore High Court Finds
Singapore’s High Court on Wednesday ruled that Park Hotel Management founder Allen Law had breached his fiduciary duty to the hospitality operator by transferring some of the firm’s assets to himself “at a gross undervalue”.
During the COVID pandemic, Park… Read More>>
Ascendas India Trust to Build First Data Centre and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Ascendas India Trust splashes out on the development of a large Navi Mumbai data centre, the indebted former owner of Singapore’s Park Hotel Group is wound up, and Tencent plans a fancy… Read More>>
India’s Park Hotels Files for INR 10B IPO and More Asia Real Estate Headlines
Luxury hotels lead the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that an Indian hospitality group has filed paperwork for a $139 million initial public offering.
In other news around the region, a Mumbai-based… Read More>>
HNA Plans to Sell $6.5B Hilton Stake – Adds to $6.6B 2018 Fire Sale
Debt-ridden HNA Group is planning to sell a stake in hotel operator Hilton Worldwide Holdings worth as much as $6.5 billion, after the group shed shares in two Hilton spinoffs in March for $2.4 billion.
The Hainan-based group is selling… Read More>>
HNA Selling $1.4B Stake in Hilton Spin-Off, Cutting 25% of Workforce
HNA Group plans to sell its $1.4 billion stake in US hotel chain Park Hotels & Resorts Inc to ease its financial crisis, according to public documents regarding the cash-strapped Chinese conglomerate. The Hainan-based airline company will sell “some or… Read More>>