STR/CoStar reported China hotel data for the week ended June 6^th. China hotel RevPAR was up 2.4% year-over-year, up against an easy comp of a decline of 15.7% in the year-ago week. The RevPAR rise was balanced with occupancy up 1.4% and ADR up 1%, both year-over-year, for the week ending June 6^th.

CoStar preliminary data shows Adelaide hotels registered a 6.6% year-over-year increase in average daily rate to A$198.79 in May. RevPAR was up 5.7%. CoStar said performance peaked during the Australian Tourism Exchange on May 13^th when occupancy reached 88.3%, ADR was A$243.62, and RevPAR hit A$215.09. Overall occupancy was down 0.9% to 72.7%. This was due to the market absorbing an increase in hotel supply of 1.6%. New supply is continuing to come online, so CoStar believes it will be some time before demand catches up.

The Radisson RED Cebu Mandaue has officially opened at Astra Centre, a mixed-use destination with a lifestyle shopping mall at its core. This is the first Radisson RED hotel in the Philippines. The hotel has 144 rooms and suites with contemporary, art-inspired interiors and tech-savvy features designed for the modern traveler. Accommodation categories include Superior and Deluxe Rooms, Family Rooms, as well as Junior Suites and Executive Suites. Dining options include OUIBar, RED Deli, and The Red Deck, the hotel’s pool bar. A spa, outdoor pool, fitness center, and meetings and event spaces round out the hotel’s amenities.

A plan to complete the redevelopment of Waterfront Manila Hotel & Casino and stage a phased opening from this year has been placed on indefinite hold. Operator Acesite (Phils) Hotel Corporation is citing higher costs and a depressed Philippines gaming market due to the Middle East conflict, growth in online gaming, and fewer visitor arrivals from China for the decision. Acesite had previously planned a phased reopening taking place from 1Q26 with a full opening scheduled for early 2027. The property, previously the Manila Pavilion Hotel, burned down in a fire in March 2018. The hotel redevelopment costs were previously expected to mostly be funded by Php1.5 billion in insurance funds, but Acesite said costs jumped to an estimated Php3.6 billion. Spiraling fuel costs had pushed the budget way beyond the scope of the insurance collected. Acesite also said weak tourism arrivals to the Philippines are expected to continue into 2027. Management has elected to adopt a cautious stance towards the commitment of sizeable investments needed for rebuilding the hotel until tourism arrivals stabilize. For now, construction is not expected to resume until at least 2028.

Mastin Investment Management announced it has completed the acquisition of the Four Points by Sheraton Seoul, Guro, a four-star hotel located in Guro-gu, Seoul. Mastin acquired the hotel for approximately 859 billion won from a fund managed by Mirae Asset Global Investments. The property consists of four basement levels and 15 above-ground floors, offering a total of 201 guest rooms. There are restaurants, a fitness center, a business corner, and several banquet halls and meeting rooms.

Marriott International announced it has opened its latest JW Marriott Ranthambore Resort & Spa in India. This hotel is special as it marks Marriott’s 10,000^th property worldwide. The new resort is located near Ranthambore National Park and features 127 rooms, private villas, and suites.

ITC Hotels Limited expanded its presence in Uttar Pradesh with the signing of a new Fortune Hotels property in Vrindavan. The upcoming hotel will have 100 rooms, reinforcing ITC’s presence in one of India’s fastest-growing pilgrimage and leisure destinations. The new Fortune hotel is scheduled to open in April 2030. It will feature an all-day dining restaurant, banquet facilities, and a range of modern amenities.

Radium Development Berhad unveiled The FACE Chancery Hotel, the branded hospitality component of its mixed-use development Chancery, marking the group’s first venture into the hospitality sector. The hotel represents a RM135 million investment, of which RM109.3 million had been earmarked from Radium’s 2023 public listing proceeds. The hotel is expected to open in 2028, occupying Levels 10 to 14 of the 51-story tower, with 145 rooms across Super King, Queen, accessible, and connecting configurations. The development will be in Ampang, sitting on Kuala Lumpur’s Embassy Row. The four-star hotel will feature an all-day dining restaurant, poolside dining, an infinity-edge pool, a gym, and meeting rooms. The hotel rooms are larger than city hotel rooms, built to serve corporate guests, long-stay visitors, and leisure travelers. Radium subsidiary Tradisi Emas Sdn Bhd will operate the hotel.

The Malibu resort project in Da Nang, Vietnam, is set to enter the auction market as Nam A Bank seeks to recover outstanding obligations. Nam A Bank announced the plans to select an auction organization for the sale of the assets for the Malibu project in Dien Ban Dong Ward, Da Nang City, owned and used by Indochina Hoi An Beach Villas Co., Ltd. The assets being offered do not include 675 condotel units and 96 villas within the project. The auction package consists of the Tourism Apartment and Service Building No. 2, a commercial and service office block located within the Malibu resort development. The starting price has been set at more than VND108 billion.

Brisbane-based entrepreneur Chris Vitale, the developer behind the Gold Coast’s Mondrian Hotel, has purchased a prominent coastal landmark site overlooking Lennox Head for $21 million. The 9.06-hectare site in the NSW North Coast township was sold by Terry Agnew, who bought it for $14.1 million in 2022. Vitale is said to be planning a wellness retreat project.

The 302-room Shangri-La Hotel, Dubai, has become the first major hotel in Dubai to trade since the onset of the war in Iran. The hotel was reported by CoStar to have sold for nearly US$300 million, with news outlets reporting the buyer is AHS Properties and the seller is Mismak Properties Co., LLC, a division of First Abu Dhabi Bank.