ESR recaps 873,000 sqm/RMB4.9 billion (US$730 million) balance sheet portfolio in China
The transaction represents ESR’s largest-ever sell-down of a self-developed balance sheet portfolio with the plan to recycle the capital back into new and increasingly attractive opportunities across APAC.
Ascott Residence Trust is the first Hospitality Trust globally to issue sustainability-linked bond of S$200million
First sustainability-linked bond by a Singapore-listed real estate trust receives strong demand with 2.2 times oversubscription. Ms Beh Siew Kim, Chief Executive Officer of Ascott Residence Trust Management Limited and Ascott Business Trust Management Pte. Ltd. (the Managers of ART) said: “...
La Quinta by Wyndham to Launch in China with First Hotel in the Cultural Shandong Province
Scheduled to open in late December, the 200-room La Quinta by Wyndham Weifang South brings the brand’s hospitality to the Shandong province, with guest-friendly services and meeting and event space.
Conrad Jiuzhaigou Opening Marks a New Masterpiece of Luxury in Sichuan China
Conrad Jiuzhaigou is owned by China Green Development Investment Group Co. Ltd. and managed by Hilton. Qian Jin, president of Hilton Greater China and Mongolia, said, "Conrad Jiuzhaigou introduces another incredible hotel from Conrad Hotels & Resorts to one of the most extraordinary...
Dusit x Ananda announces “COCO Parc Managed by Dusit Hospitality Services" project Bangkok
Dusit International, one of Thailand’s leading hospitality companies, has entered a strategic partnership agreement with Ananda Development Public Company Limited for Ananda’s new luxury residential project in Bangkok – COCO Parc Managed by Dusit Hospitality Services.
Philippine hotels embark on innovations, repurposing and asset sales say Santos Knight Frank
As hotels in the Philippines look for immediate opportunities to continue operating during the pandemic, hotels are repurposing space and exploring refinancing and sale opportunities to tap liquidity from foreign funds and local capital, says Philippines-based real estate services company Santos...
Radisson Hotel Group announces 100 operating hotels in India
Radisson Hotel Group is proud to achieve a historic milestone of 100 operating hotels in India with the opening of Radisson Bhopal. “This is indeed a nostalgic point in our journey of over two decades.” Said K.B Kachru, Chairman Emeritus and Principal Advisor, Radisson Hotel Group, South Asia....
JLL appoints dedicated Hotel Asset Management team Japan - Nathan Cook
JLL Hotels & Hospitality Group announced expansion of its Asset Management platform in Japan. The JLL Japan Asset Management business will be led by Nathan Cook, who brings over 20 years of Japanese hospitality experience to JLL. Nathan will report to Xander Nijnens, Head of Hotel Advisory...
Inaugural Resort under Curio Collection by Hilton to Launch in Vietnam
197-key La Festa Phu Quoc, Curio Collection by Hilton, due to open in 2023. Sun Group to launch a new resort under Curio Collection by Hilton Phu Quoc Vietnam.
CBRE boosts Asia Pacific Hotels team with Steve Carroll and David Ling
CBRE Hotels announces two senior appointments in Asia Pacific, with Steve Carroll joining as Head of Hotels & Hospitality and David Ling joining as Managing Director, Hotels. Greg Hyland, Head of Capital Markets for Asia Pacific, commented, “We are excited to welcome Steve and David as we...
