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Industry News

Maldives hotel transactions to hit record high as investments pour in from outside Asia

Having seen significant increase in investment from new sources, Maldives’ hospitality industry is on course to see its most active year with more than US$450 million worth of resort transactions either completed or under offer, according to real estate consultancy JLL.

Traditionally dominated by Asian investors, the Maldives is now attracting new sources of cross-border capital from Europe and the US. In the past six months, investments from new sources of capital represent US$300 million, compared to the annual average deal […]

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Hyatt announces first Hyatt Centric hotel in Malaysia

Hyatt Hotels Corporation recently announced that a Hyatt affiliate has entered into a management agreement with a wholly owned subsidiary of Hap Seng Consolidated Berhad group to develop a Hyatt Centric hotel in Kota Kinabalu, Sabah.

Expected to open in 2021, Hyatt Centric Kota Kinabalu will be the first Hyatt Centric hotel in Malaysia.

Located in the heart of the city, the hotel will have convenient access to the commercial district, featuring shopping malls, restaurants and local attractions. The Jesselton Point pier, […]

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Dusit International announces its first Dusit Thani branded hotel in Vietnam

Dusit International, one of Thailand’s leading hotel and property development companies, has signed a hotel management agreement with Vietnam-based property developer Hoi An Royal Group to operate Dusit Thani Hoi An, the first Dusit Thani branded hotel in Vietnam.

Located in a prime beachfront setting in Dien Ban Town near the ancient trading port of Hoi An – one of the most popular tourist destinations on Vietnam’s South Central Coast – the resort is set to open in 2021 comprising 180 […]

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IHG brings Crowne Plaza to Port Moresby

IHG brings Crowne Plaza to Port Moresby as an all new residences

Crowne Plaza® will make its return to Port Moresby in July 2019 after the signing of an agreement between IHG and owners OPH Limited.

Designed to provide a home away from home for business and leisure travellers to Papua New Guinea, Crowne Plaza Residences Port Moresby will feature 54 elegantly-styled 2- and 3-bedroom units, as well as an all-day dining restaurant, bar, a gym, and meeting facilities.

With construction nearing […]

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Pullman opens in West Shanghai

Pullman opens in West Shanghai

Accor Greater China is delighted to announce the opening of Pullman Shanghai Qingpu Excellence; it is the cosmopolitan city’s latest premium branded hotel designed for today’s new generation of hyper-connected world travelers.

Pullman Shanghai Qingpu Excellence is situated on the western side of Shanghai, a historic area where the vibrant city first originated. The property underscores Pullman’s business meets pleasure concept, as it is in the heart of Qingpu Industrial Zone with easy access to leisure and tourist […]

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Property Investing: Real estate opportunities in Southeast Asia

Foreign investors with a higher risk appetite can find a lot of high-yield real estate investments in Southeast Asia. This is especially true in Indonesia, Vietnam and Myanmar, according to David Faulkner, managing director of valuation and advisory services in Asia at Colliers International.

The three countries have received less attention over the years due to the risks associated with their economies. “Some of them had a difficult time economically, but things have changed. These are less-developed economies, so people are […]

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