The Chateau Marlborough New Zealand have been Sold in an Off-Market deal to International Investors

The Chateau Marlborough in New Zealand has just been sold to an international investor on a yield of 6.5% through an off-market deal. The luxury boutique hotel Chateau Marlborough is located at 95-117 High Street, overlooking Seymour Square Gardens, and is a mere two-minute walk to the town’s center. The 80-key Chateau Marlborough sits on a site of 5,038 square meters (“sqm”) with a floor area totaling 4,562 sqm. Guests will be able to choose from six different room configurations. The property has undergone two extensive refurbishments in 2008 and 2016 under the previous owner. The Chateau Marlborough consists of one Restaurant & Bar, a fitness center, Conference & Business meeting spaces, Spa and an Outdoor Pool. 

The Gunnedah Hotel in Gunnedah is Sold for an Undisclosed Amount

Unnamed Sydney-based publicans have acquired The Gunnedah Hotel in Gunnedah for an undisclosed sum. The property in Gunnedah is situated about 40 minutes away from Tamworth City. Sitting on about 3,000 square metres site, the 28-key property features 12 GMEs, a public bar, a bistro with dining areas, a beer garden and an open car park. A short sale and leaseback arrangement has been negotiated to ensure minimal disruption to the operations while the new owners prepare for the handover.

Dorchester Collection is debuting its first Asia property in Tokyo

UK-based Dorchester Collection has announced its first Asia property in Tokyo, Japan. Set to open in 2028, the property will be located in the future Torch Tower - the tallest building in Japan when completed. While not much information is provided for the hotel at the moment, the hotel will be located on the upper floor of the Torch Tower. It will offer a panoramic view of Tokyo Bay, Mount Fuji, and the city centre. The hotel will also feature a garden in the sky - 'Sky Hill', to offer an oasis of nature and tranquility. Dorchester Collection currently comprises nine hotels across Europe and America, with plans to enter the Middle East market in 2023.

Langham Hospitality Group Launches New Upper-Midscale brand Ying’nFlo

Hong Kong-based Langham Hospitality Group (“Langham”) has launched a new upper-midscale brand Ying’nFlo, predominantly targeting a younger clientele. Ying’nFlo’s vision is to create spaces for inquisitive, urban travelers looking for a practical, well-designed place to stay. Flexible designs where guestrooms and common spaces offer multiple-functional uses enable guests to “stay, chill, or work” in their rooms. The rooms are furnished with light-colored walls, timbered ceilings, and an abundance of soft natural lighting. Ying’nFlo opened its first property in October 2022 in Hong Kong’s bustling district of Wan Chai. Converted from the former Eaton House, the 70-key property is an 8-minute walk from Mass Transit Line Station “Wan Chai” and tram station “O’Brien Road”. Ying’nFlo Wan Chai offers eight different room types, ranging from 21 square meters (“sqm”) to 28 sqm. Each of the 70 rooms comes with fully equipped kitchens to cater to any length of stay. Currently, within the pipeline, there is one other location in Xiamen, China. Langham is currently in discussion to secure multiple sites for future developments.

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