CDL to Acquire Sofitel Brisbane Central Hotel for AUD178 Million, KKR is Set to Acquire Hyatt Regency Tokyo, Japan Hotel REIT Investment Corporation to Acquire Sotetsu Fresa Inn Shimbashi-Karasumoriguchi, Central Pattana Plc Announces Four More Mega Mixed-use Projects in the Pipeline.
The Meet the Money program is now available on MeetTheMoney.com – take a look and see who’s speaking and what topics they’ll be exploring.
Next week, Hospitality Financial and Technology Professionals (HFTP®) is holding its annual Club Summit with one of its largest registration rosters in the history of the five-year event. Established in 2018, this conference has quickly become a key program for the association’s club segment offerings. The Summit delivers a vital opportunity for high-level club professionals and industry experts to directly address the topics that are most compelling and important to this specialized segment of hospitality. Scheduled for next Monday and Tuesday (March 27–28) at the Embassy Suites by Hilton Denver Downtown in Denver Colo; HFTP is expecting 185+ attendees for the education, networking and table-top exhibits.
Placemakr, a flexible-use multifamily and hospitality operator, today announced $65M in new funding, surpassing $350M in total capital raised. This announcement comes alongside the appointment of Timothy G. Franzen, former president of Graduate Hotels, to its C-suite. Placemakr's property operations model drew funding participation from venture capital and major real estate investors alike, including Highland Capital Partners, Harbert Growth Partners, Bernstein Management Corporation, Camber Creek, Gaw Capital USA, and more.
The Global Hospitality Group of Jeffer Mangels Butler & Mitchell LLP (JMBM) is pleased to announce the completion of $172 million in C-PACE (Commercial Property Assessed Clean Energy) financing transactions for the year 2022. This total includes over $97 million in hotels and condos, more than $58 million in multifamily, and $16 million in senior living facilities.
Carter Group to Invest in Pro-invest APAC Value-add Hotels Fund, Keppel Land Sells Sedona Hotel Yangon for USD57.4 Million, Loadstar Capital Acquired Akasaka’s Hotel Rex, Kasumigaseki Capital to Launch Private Fund for Hotel Development, Weave Living has Opened its First Location in Singapore.
PPHE Hotel Group, the international hospitality real estate group which develops, owns and operates hotels and resorts, is pleased to announce that it is in advanced discussions with a potential cornerstone investor with a view to launching a new European Hospitality Real Estate Fund (“the Fund”) of up to €250 million equity. It is the intention of PPHE that the Fund will launch with the initial contribution of its existing asset in Rome and an equity commitment of up to €75 million from a cornerstone investor (with an upper limit of 49% participation). Launch would also be subject to regulatory approval.
The Global Finance Committee (GFC), jointly sponsored by Hospitality Financial and Technology Professionals (HFTP®) and the American Hotel & Lodging Association (AHLA), have restarted its work on the 12th Revised Edition of the Uniform System of Accounts for the Lodging Industry (USALI). The independent group of global financial leaders from the most prominent U.S. and international hotel brands, operators, owners and other industry authorities met January 31 – February 2 in Washington, D.C. The upcoming revisions and enhancements will incorporate financial and operating changes and a new sustainability section.
Tattarang’s Fiveight to Acquire Waldorf Astoria Sydney for AUD3.1 Billion, Nomura and Ken Corporation to Build 54-Storey Skyscraper next to Roppongi Hills, Holdmark Lodged Plans for a 59-storey Sydney Hotel Tower, Suzhou’s Mixed-use Development China Central Place to Debut with Two Marriott Properties, Lodgis Hospitality Expands Hotel Network with Hanhwa Group in Asia.
Ascot Acquires a Hotel in the Asakusa Area of Tokyo, Hotel at Temple Street Hong Kong Sold for HKD88 Million, LHN Limited acquires Singapore Office block for SGD80 million for Co-Living Venture, The Inauguration of Project Hanimaadhoo International Airport Expansion.
Despite a slowdown in sales in the second half of 2022 due to dislocation in the debt markets, hotel investors have kicked off 2023 with record sales for quality assets in highly desirable and growing markets.
The Hunter Hotel Investment Conference is pleased to announce Sheila Johnson, Founder and CEO of Salamander Hotels & Resorts, will take the main stage as the Keynote Speaker at the Atlanta Marriott Marquis on Wednesday afternoon, March 22, 2023.
The Asian American Hotel Owners Association (AAHOA), the largest hotel owners association in the world with nearly 20,000 members, announced today that it has already secured a record level of booth sales for the Trade Show at AAHOACON23, April 11-14, 2023, making it the largest in AAHOA history.
The National Hispanic Corporate Council (NHCC), the premier resource for corporate America on Hispanic strategy development, announces Choice Hotels International, Inc. as its newest corporate member.
The Hunter Hotel Investment Conference, Noble Investment Group, and Cecil B. Day School of Hospitality Administration, Georgia State University are pleased to announce Geoff Ballotti, President and CEO of Wyndham Hotels & Resorts, will join Mit Shah, CEO of Noble, for the 9th Annual Bharat Shah Leadership Speaker Series.
Grand Mercure Bangkok Windsor Acquired for THB3.2 Billion, Mercure Pakenham Freehold Sold for almost AUD16 Million, L Catterton to invest in Hulic Redevelopment Project in Osaka, Japan, Bohol, Philippines Gets a New Mixed-Use Tourism Development.
As global volatility puts the debt exposures of real estate companies under sharp focus, lenders are paying greater attention to a metric that helps determine their ability to service loan facilities.
Accor announces that it has completed the sale of its residual stake in H World Group Limited (formerly known as Huazhu Group Limited) for $460 million. This transaction finalizes the value creation of the investment initiated in 2016. The cumulative disposal value since 2019 has reached $1.2 billion, compared to an initial investment of less than $200 million. This contributes to the “asset-light” strategy of simplifying the Group's balance sheet. Following this transaction, Accor no longer holds any shares in the capital of H World Group Limited.
When 2022 came to an end, we reached out to industry experts to gather their predictions and insights on the state of hospitality in 2023. We have compiled a list of their articles for your reading pleasure.
As the year 2022 draws to a close, we wanted to highlight the articles that captured the attention of our readers on Hospitality Net this past year. We have compiled a list of the most popular opinion pieces published on our website for you to enjoy.