Takara Leben REIT Agree to Acquire Spring Sunny Hotel Nagoya Tokoname Station for JPY2.2 Billion in Japan

MIRARTH Real Estate Advisory Inc., the asset management company of Japan-based Takara Leben Real Estate Investment Corporation (“Takara Leben REIT”) has acquired Spring Sunny Hotel Nagoya Tokoname Station from Japan-based Sun Frontier Hotel Management Inc. for JPY2.2 Billion. The 194-key hotel is located two-minute walk away from Tokoname Station, and ten-minute drive from Chubu Centrair International Airport. The property features one food and beverage outlet, and a public bath facility. The brand Spring Sunny Hotel is a joint venture of Japan-based Sun Frontier Fudousan Co Ltd and the China-based Spring Group. This has allowed the property to attract a stable business from the Spring Group Companies such as Spring Travel and Spring Airlines. 

Anglo Fortune Capital Group Sold Wander Tokyo Shibuya in Japan

Singapore-based Anglo Fortune Capital Group has divested the 92-key Wander Tokyo Shibuya in Japan to an undisclosed buyer for an undisclosed sum. Situated in Tokyo’s Meguro district, the property enjoys a prime location just a two-minute walk from Ikejiri-Ohashi Station and is within walking distance of iconic attractions such as the Shibuya Crossing and Shibuya Scramble Square. Opened in May 2019, the hotel offers a range of guest amenities, including a ground-floor lounge where guests can enjoy complimentary beverages while browsing an extensive collection of manga. Additional amenities include a self-service laundrette, enhancing the appeal for longer-stay travellers. The sale of Wander Tokyo Shibuya reflects continued investor interest in well-positioned lifestyle-oriented hospitality assets in major Japanese cities.

Hua Hin Airport in Thailand to Undergo a THB300 Million Upgrade

Hua Hin Airport in Thailand is set to undergo a THB300 million upgrade, according to local media reports. The development comprises two main projects: the first involves extending and widening the runway to meet international standards, while the second includes the expansion of the road tunnel, runway strip, and runway-end safety area. The upgrade is scheduled for completion by April 2026. Currently, Hua Hin Airport operates only one domestic route to and from Chiang Mai. The Thai Government intends to resume international flights at Hua Hin Airport in 2025 as part of the upgrade plan.

Marriott’s Luxury Collection Marking Its Debut Opening In Sentosa Island, Singapore

Singapore-based Resorts World Sentosa Pte. Ltd., a wholly owned subsidiary of Singapore-based Genting Singapore Limited, has officially announced the upcoming opening of The Laurus, Singapore’s first Luxury Collection property managed by US-based Marriott International, scheduled to open in Q3 2025, with bookings opening from May 2025. Rebranded from The Hard Rock Hotel, Singapore, this prestigious 183-suite luxury resort will offer guests an exclusive, serene enclave where modern luxury meets timeless elegance. Located on Sentosa Island, the property is easily accessible from Singapore’s vibrant city centre, making it a prime destination for discerning travellers. The Laurus offers an all-suite experience that features a function space, an outdoor swimming pool, a luxurious spa, and two food and beverage outlets.

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Absolute Share Price Performance, as of 18 April 2025

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