Development Asia Pacific - Hospitality Net

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December 6, 2024

The Unbound Collection by Hyatt Brand to be Introduced to Japan's Ancient Capital of Nara

Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a franchise agreement with JR Tokai Hotels Co., Ltd for Hotel NEI Nara in downtown Nara. Situated in the historic heart of the city, the luxury hotel will be at the entrance to Nara Park and overlook iconic UNESCO World Heritage Sites. The property will be the first The Unbound Collection by Hyatt hotel in western Japan, and third overall in Japan, joining Fuji Speedway Hotel in Shizuoka and Hotel Toranomon Hills in Tokyo. The project is a joint undertaking between Central Japan Railway Company, JR Tokai Real Estate Co., Ltd., and JR Tokai Hotels Co., Ltd.

November 29, 2024

Radisson Hotel Group seals dual signing of Radisson & Radisson Blu resorts in Phuket

Radisson Hotel Group announces an important new dual signing in Phuket that will introduce Radisson and Radisson Blu branded resorts to Layan Beach, a beautiful stretch of sand on this idyllic island’s sunset coast. The launch of Radisson Resort Layan Phuket and Radisson Blu Resort, Layan Phuket will introduce a total of 812 rooms & suites and fantastic facilities to this tropical paradise under two distinct brands, reaffirming the Group’s commitment to the future of Thailand’s hospitality industry.

Radisson Hotel Group

Phuket, Thailand

November 19, 2024

Hilton Signs Strategic Licensing Agreement with Olive by Embassy to Bring 150 Spark by Hilton Hotels to India

Leading global hospitality company Hilton (NYSE: HLT) today announced the signing of a strategic licensing agreement (SLA) with Olive by Embassy to open 150 Spark by Hilton hotels across India, marking the brand’s debut in Asia Pacific. The agreement comes as a result of Hilton’s long-standing partnership with The Embassy Group, owners of Hilton Bengaluru Embassy Manyata Business Park and Hilton Garden Inn Bengaluru Embassy Manyata Business Park. This agreement reinforces Hilton’s ambitious growth in South Asia and brings a new premium economy brand to the dynamic Indian market. The first Spark by Hilton hotels will open in Southern India with a focus on Maharashtra, Andhra Pradesh, Telangana, Goa, Karnataka and Tamil Nadu.

November 13, 2024

Upscale and Upper Midscale Hotel Projects Dominate China’s Pipeline at Q3 2024, Commanding 59% of Total Construction Pipeline

In the Q3 2024 China Hotel Construction Pipeline Trend Report by Lodging Econometrics (LE), at the end of the quarter, China’s total hotel construction pipeline reached a record high project count of 3,853 projects with 703,312 rooms, up 4% by projects and 3% by rooms year-over-year (YOY).

Lodging Econometrics

November 1, 2024

KS hotels and HMD Asia announce acquisition of two iconic La Résidence Hotels in Luang Prabang, Laos, and Siem Reap, Cambodia

KS Hotels and HMD Asia have announced the acquisition of the iconic La Résidence hotels, located in the charming towns of Luang Prabang in Laos and Siem Reap, Cambodia.

HMD Asia Co., Ltd.

October 29, 2024

Mandarin Oriental Hotel Group Announces a New Phase of Growth in China

Mandarin Oriental Hotel Group has confirmed plans to increase its portfolio in China over the next ten years as part of an accelerated growth strategy led by Group Chief Executive, Laurent Kleitman. Mandarin Oriental already operates 10 hotels across Greater China which is the home of the Group’s original flagship, The Mandarin, which opened in Hong Kong in 1963.

Mandarin Oriental

October 18, 2024

Wyndham Inks Exclusive Development Agreement to Bring Award-Winning Microtel by Wyndham Brand to India

Wyndham Hotels & Resorts has signed an exclusive development agreement with NILE Hospitality LLP to introduce its Microtel by Wyndham brand to India, marking the eighth Wyndham brand to debut in the country. This strategic alliance enables Wyndham to leverage a leading regional third-party developer and operator to bring its award-winning brand to India.

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Why Hospitality Net Leads B2B in Hospitality

Learn what makes us the industry-leader in what we do.

Hospitality Net

October 9, 2024

Hilton Grand Vacations Announces New Acquisition in Kyoto

Hilton Grand Vacations Inc. (NYSE:HGV) the premier vacation ownership and experiences company, today announced it has purchased the Citadines Kyoto Karasuma-Gojo in Kyoto, Japan. This will be the company’s first property in Kyoto and its third property in Japan.

Hilton Grand Vacations Inc.

October 9, 2024

CapitaLand Ascott Trust divests Citadines Karasuma-Gojo Kyoto for JPY6.18 billion

CapitaLand Ascott Trust (CLAS) has divested Citadines Karasuma-Gojo Kyoto in Japan to an unrelated third party for about JPY6.18 billion (S$53.1 million).

Ascott Residence Trust

October 1, 2024

Shining bright: IHG celebrates diamond anniversary in Japan – and reveals growth plans

IHG Hotels & Resorts (IHG) today proudly celebrates the 60th diamond anniversary of its entry into Japan – and reveals its commitment to further growth.

October 1, 2024

Growing Appetite for Branded Real Estate in Thailand Eclipses USD 5.7 Billion in Market Value

Thailand’s real estate developers are expanding beyond familiar hotel brands into the realms of iconic automotive, fashion, and wellness labels, as they seek identities that resonate with luxury property buyers. Listed property group Ananda made global headlines with their ultra-luxury offering, Porsche Design Tower Bangkok, with eye-catching prices reaching USD 33,000 per square meter (THB 1 million psm). The absolute unit pricing of this offering ranges from USD 15 to USD 40 million (THB 49 million to THB 1.3 billion), marking a new high in the market.

C9 Hotelworks Ltd.

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Hospitality Net

September 26, 2024

Dusit International partners with Paljor Global Corp for South Asian expansion

Dusit International, one of Thailand’s leading hotel and property development companies, has signed a strategic partnership agreement with Paljor Global Corp Private Limited, a leading Nepalese investment firm and luxury carpet manufacturer, to seek opportunities to introduce Dusit’s diverse offerings in Nepal and throughout South Asia.

September 23, 2024

Accor Signs Three Hotels with Over 1,300 Keys in Singapore

Accor, a global leader in hospitality, continues its strong growth trajectory in Singapore with the signing of two new-build properties with three hotel brands set to open by 2027 with its long-standing partners, Fragrance Group Limited and Global Premium Hotels Limited, both owned by Koh Wee Meng. This landmark agreement will introduce Mövenpick Singapore, the largest Mövenpick hotel in Asia Pacific, the first Mövenpick Living in Singapore, and a Handwritten Collection branded hotel situated alongside the city-state’s famed and culturally rich Waterloo Street.

Singapore, Singapore

September 18, 2024

Hilton’s Newest Additions Propels Thailand to its Largest Market in South East Asia

Leading global hospitality company Hilton (NYSE: HLT) has announced the openings of Hilton Garden Inn Rayong and Hilton Garden Inn Bangkok Riverside, solidifying Hilton’s commitment to expand its focused service portfolio in Thailand. The new additions cater to the rising middle class demand for upscale and affordable accommodations driven by Thailand’s thriving international and domestic tourism in its capital city, as well as beach destinations.

September 13, 2024

IHCL Strengthens Its Presence in Chennai, Signs Two Hotels in the City

Indian Hotels Company (IHCL), India’s largest hospitality company, today announced the signing of a Vivanta and a Ginger hotel in Mahindra World City (MWC), Chennai. These greenfield projects will be developed on a 3-acre land parcel near the Kolavai Lake, in the heart of the integrated business city.

September 12, 2024

Marriott International and PT. Pakuwon Jati Tbk. Sign Agreement to Open Five More Properties in Indonesia

Marriott International, Inc. and PT. Pakuwon Jati Tbk. announced a signed agreement to develop five additional properties, comprising more than 1,300 rooms across Indonesia. This announcement further elevates the two companies’ joint efforts to expand their footprint in the country.

September 9, 2024

Marriott International Celebrates Its 50th Property in Malaysia, with the Debut of the Penang Marriott Complex

Marriott International, Inc. announced the opening of Penang Marriott Complex, marking the company’s 50th property in Malaysia. A premier development that represents a significant milestone for the company in Malaysia, the complex comprises three properties – Penang Marriott Hotel, Marriott Executive Apartments, Penang and Marriott Residences Penang.

Penang, Malaysia

September 2, 2024

IHCL Expands Its Brand Portfolio, Launches Gateway with the Opening of Gateway Bekal in Kerala

Indian Hotels Company Limited (IHCL), India’s largest hospitality company, today announces an addition to its brandscape with the launch of Gateway, a full-service upscale hotel offering.

August 29, 2024

JLL crosses JPY1 Trillion in Japan hotel investment advisory since 2000

JLL’s (NYSE:JLL) Hotels & Hospitality Group today announced that it has advised over JPY1 trillion ($6.8 billion) in hotel transactions in Japan since 2000, reinforcing the perennial demand for hospitality assets in the country and the advantage of on-the-ground advisory expertise.

August 26, 2024

IHG Hotels & Resorts seals two-hotel deal in Quang Binh, Vietnam

IHG Hotels & Resorts (IHG), one of the world’s leading hotel companies, today announces a two-hotel deal with Hai Thanh Hung Investment Joint Stock Company and Vietnam Royal Investment and Construction Co., Ltd (VRIC) in Quang Binh province.

Quang Binh, Vietnam