CBRE: Over 72% of Investors plan to buy more hotel assets in APAC
Rebound in tourist arrivals, particularly in Japan, Singapore and Australia, sparks investor interest in hotel assets. CBRE 2025 Asia Pacific Hotel Investor Intentions Survey.
Raffles Sentosa Singapore scheduled to open 1 March 2025
Raffles Sentosa Singapore, the country’s first all-villa property, slated to open on 1 March 2025, the hotel represents an exciting new chapter for the storied Raffles brand, which was founded in Singapore in 1887 with the debut of Raffles Singapore.
Concorde Hotel sold for SGD $821 million by Savills Singapore
Largest collective sale of 2024, Concorde Hotel and Shopping Mall Singapore sold to Luxury Peak Pte Ltd, a wholly owned subsidiary of Hotel Properties Ltd for SGD $821 million by Jeremy Lake Savills Managing Director, Investment Sales & Capital Markets.
AHRA achieves perfect 10 with addition of Vietnam hotel association
The ASEAN Hotel and Restaurant Association (AHRA) welcomes the Vietnam Hotel Association (VHA), marking the completion of AHRA now represented by all ten ASEAN member countries, symbolizing a new era of unity and collaboration within the ASEAN hospitality industry.
JLL markets iconic Grand Mercure Roxy Hotel and shopping centre for collective sale minimum price of $1.25 billion.SGD
JLL (NYSE: JLL), as the sole marketing agent, has launched Roxy Square Shopping Centre / Grand Mercure Roxy Hotel (“Roxy Square”) for collective sale by tender, through Mr Tan Hong Boon, Executive Director, Capital Markets, JLL Singapore.
The new Mama Shelter Singapore Orchard Hotel for sale by CBRE
CBRE appointed exclusive marketing agent for the sale of a new, freehold 7 storey hotel Mama Shelter Singapore Orchard 110 Killiney Road for sale via an Expression of Interest exercise through Michael Tay CBRE Head of Capital Markets and Steve Carroll CBRE Head of Hotels & Hospitality Asia...
The Worlds largest Mercure Hotel opens in Singapore
The new 989 room Mercure ICON Singapore City Centre, with its locally inspired design, experiences, and culinary offerings, ensures that every stay reflects the character of this dynamic city commented Garth Simmons, Chief Operating Officer of Accor’s Premium, Midscale, and Economy Division in...
Ascott’s Global Loyalty Platform ‘Ascott Star Rewards’welcomed a record one million new ASR members in FY 2023
The Ascott Limited celebrates 5th year of loyalty programme with refreshed brand promise ‘Stay Rewarded’ to offer more membership privileges, elevated experiences and greater value.
