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Sapporo

AXA buys Sapporo site for US$232m hotel, office development

AXA Investment Managers – Real Assets, the property arm of the French insurer, has acquired a development site in Sapporo, Japan to build a...
Ibis Swanston Street

Serene Capital lists Melbourne hotel for over A$70m

Australian fund manager Serene Capital has put the Ibis Swanston Street hotel in Melbourne on the market with price expectations of more than A$70m...
lyf Funan Singapore

CapitaLand adds 846 units to Singaporean lodging business in 2019

Singapore-based CapitaLand's Ascott lodging business plans to add a record 846 units across four new properties in Singapore this year, growing its local portfolio...
hotel

Asia-Pac hotel investment reaches US$4.5bn in H1 2019

Hotel investments across Asia Pacific reached US$4.5bn during the first six months of 2019, with domestic buyers in Japan, China and Australia accounting for...
Hotel

PAG said to be likely buyer of Seoul hotel for US$400m

Hong Kong-based investment firm PAG is said to be the preferred buyer of the Grand Hyatt Seoul hotel and nearby residential land which are...
Four Points by Sheraton, Auckland

NZ Super strikes record US$201m New Zealand hotel portfolio deal

New Zealand's NZ Super Fund has agreed to invest NZ$300m (US$200.8m) into a hotel portfolio established by the Russell and Lockwood Property groups, marking...
Hotel MyStays Sapporo Aspen

Invincible REIT buys 18 Japanese hotels for US$767m

Tokyo-listed Invincible Investment Corporation has agreed to acquire 18 hotels across Japan from a group of sellers for a combined price of JPY 82.6bn...
M&A

Singapore’s CDL launches US$987m takeover bid for Millennium & Copthorne Hotels

Singapore-listed City Developments Limited (CDL) has launched a £776.29m (US$986.8m) takeover offer for UK-listed Millennium & Copthorne (M&C) Hotels amid an “increasingly challenging” global...
GIC India head and managing director Kishore Gotety and IHCL CEO and managing director Puneet Chhatwal

GIC, IHCL team up for US$600m Indian hotel platform

Singapore's sovereign wealth fund GIC and Indian Hotels Company Limited (IHCL) have teamed up to form an Indian hotel platform that will invest Rs....
Marina Square Shopping Mall

Singaporean UOL, UIC buy out Marina Bay partners for S$675m

Singapore-listed United Industrial Corporation (UIC) and its parent company UOL have taken control of the Marina Square Shopping Mall and Marina Mandarin Hotel in...
Hilton Tokyo Odaiba (Photo: Business Wire)

Japan Hotel REIT acquires Tokyo hotel for US$561m

Japan Hotel REIT has purchased a 453-room hotel in Tokyo for JPY 62.4bn (US$561.5m) to take advantage of the upcoming 2020 Tokyo Olympics. The 4-star...
The proposed Citadines Connect Sydney Airport (image: Ascott REIT)

Singapore’s Ascott REIT bags first business hotel in Australia

Singapore-listed Ascott REIT has purchased the 150-room Felix hotel near Sydney's airport for A$60.6m (US$42.9m), marking the trust's first business hotel in Australia. The property...
Hotel

AXA bags Australian hotel portfolio for A$330m

AXA Investment Managers - Real Assets, the property arm of the French insurer, has purchased a portfolio of four hotels in Sydney and Canberra...
Datapulse

Singaporean Datapulse nabs Seoul hotel for S$42m

Singapore-listed Datapulse Technology has agreed to acquire a 127-room hotel in central Seoul for S$42.7 (US$31m), gaining a foothold in the country as the...
Ibis Ambassador Seoul hotel (image: Ascendas Hospitality Trust)

Ascendas Hospitality Trust snags $69m Seoul hotel amid tourism recovery

Singapore-listed Ascendas Hospitality Trust has snapped up the Ibis Ambassador Seoul Insadong hotel in the South Korean capital for KRW77.5bn (US$69m), as the city’s tourism...
Golden Wall Centre (image: City View Holdings)

Worldwide Hotels snaps up Singaporean asset for S$276.2m

City View Holdings, a subsidiary of hotel chain Worldwide Hotels, has snapped up a prime commercial property in Singapore for S$276.2m (US$201.9m), with preliminary...