Five Asia Pacific transactions this week include a USD500M Shinsegae-OKO joint venture for Aman and Janu development, two JHR asset swaps in Japan, and hotel sales in Okinawa and Auckland.
Accor sells its ~30.7% stake in Essendi to a Blackstone and Colony IM consortium for up to €975M, with hotels converting to 20-year franchise contracts and €500M returned to shareholders via buyback.
HVS weekly roundup covers four Asia Pacific hotel transactions: a SGD360M Singapore divestment, a KRW210B Seoul acquisition, a JPY5.49B Okinawa deal, and a AUD28.3M Perth purchase.
The newsletter covers major hotel transactions across Japan, Australia, and Malaysia, including Hoshino's JPY4.65B sale in Okinawa and CLI's USD320M credit fund closing.