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Star Hotel Group Acquired Rydges Gold Coast Airport Hotel for AUD60 Million in Australia
Australia-based independent hospitality group, Star Management Group Pty Ltd (“Star Hotel Group”), has acquired the 192-key Rydges Gold Coast Airport Hotel for AUD60 million. This translates to approximately AUD312,500 per key. Opened in October 2020, the seven-storey hotel comes with an outdoor swimming pool, a rooftop bar, gym and conference facilities with a capacity of up to 200 guests. The property is Gold Coast’s only airport hotel and is located just a three-minute walk from the international terminal and a five-minute drive to Coolangatta.
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Page Family Acquired Quest Macquarie Park in NSW, Australia
The Australia-based Page Family has acquired Quest Macquarie Park (“QMP”), located in the suburbs of New South Wales (“NSW”), for an undisclosed sum. The 106-key apartment is a 22-minute drive from Sydney’s central business district and features one-to-three-bedroom serviced apartments, a gym, and conference facilities. Singapore-based Ascott Residence Trust has acquired QMP in 2020 for AUD46 million. This is the second Quest property acquired by the Page Family in a year; they previously acquired the franchise of the 59-key Quest Cronulla Beach in November 2023.
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NMF to Acquire hotel androoms Shin-Osaka Hotel for JPY4.23 Billion in Japan
Japan-based Nomura Real Estate Master Fund, Inc. (“NMF”) is acquiring 120-key hotel androoms Shin-Osaka hotel for JPY4.23 billion from Japan-based Daiban Hotel One Godo Kaisha. Opened in July 2018, the nine-storey hotel is located in Yodogawa ward, Osaka City and is a six-minute walk from the Shin-Osaka metro station. The property features a large public bath, an on-site restaurant, and offers its guests free late-night snacks. It is currently operated by Japan-based Solare Hotels and Resorts Co., Ltd. Upon completion of the acquisition, the Fund will hold 7 properties in the hotel sector.
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Fortress Acquires Spa Resort Hawaiians from Joban Kosan for USD100 Million in Japan
US-based Fortress Investment Group LLC (“Fortress”) have agreed to acquire Japan-based Joban Kosan Co.,Ltd. (“Joban Kosan”), the operator of the Spa Resort Hawaiians located in Fukushima, Japan for USD100 million. The Spa Resort Hawaiians consists of five key spa-related theme parks, a golf course, 24 food and beverage options throughout the property, and three hotels: the 120-key Monolith Tower hotel, the 291-key Hotel Hawaiians, and the 50-key ViR Port hotel. Fortress’ bid comes with plans to further invest USD70 million to expand and upgrade the resort.
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Kasumigaseki Capital Acquires 100% Shares of Mid In Hotel and Pantheon Real Estate in Japan
fav hospitality group, subsidiary of Japan-based Kasumigaseki Capital Co., Ltd. (“Kasumigaseki Capital”) has announced on 2 September 2024 regarding its 100% shares acquisition of Japan-based Mid In Hotel and Japan-based Pantheon Real Estate. These two companies currently hold and operate three hotels and this acquisition will contribute to the expansion of Kasumigaseki Capital group. Renovation and rebranding will be conducted to further enhance the hotels’ value.
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Absolute Share Price Performance, as of 20 September 2024 | |
| Closing Share Price | 20 September 2024 | 13 September 2024 | % Change | | |
| Australia Stock Exchange (ASX) | | |
| Elanor Investors Group | 0.85 | 0.85 | 0.0% | | Event Hospitality & Entertainment Ltd | 10.71 | 10.37 | 3.3% | | General Property Group | 5.07 | 5.09 | -0.4% | | Mirvac Group | 2.23 | 2.26 | -1.3% | | |
| Bangkok Stock Exchange (THB) | | |
| Central Plaza Hotel Public Co Ltd | 39.25 | 37.50 | 4.7% | | Dusit Thani Public Co Ltd | 12.10 | 11.30 | 7.1% | | The Erawan Group Public Co Ltd | 4.36 | 3.96 | 10.1% | | Grande Asset Hotels & Property Public Co Ltd | 0.13 | 0.09 | 44.4% | | Laguna Resorts & Hotel Public Co Ltd | 38.00 | 37.50 | 1.3% | | Minor International Public Co Ltd | 29.00 | 28.00 | 3.6% | | S Hotels and Resorts Public Company Limited | 2.30 | 2.14 | 7.5% | | |
| China Shanghai Stock Exchange (RMB) | | |
| Jinling Hotel Corporation Ltd | 6.21 | 6.13 | 1.3% | | |
| China Shenzhen Stock Exchange (RMB) | | |
| Huatian Hotel Group Co.,Ltd. | 2.93 | 2.90 | 1.0% | | Guangzhou Lingnan Group Holdings Company Limited | 8.35 | 8.29 | 0.7% | | |
| Huazhu Group Limited | 30.00 | 28.74 | 4.4% | | |
| Hong Kong Stock Exchange (HK$) | | |
| Miramar Hotel & Investment Co Ltd | 9.65 | 9.35 | 3.2% | | Regal Hotels International Holdings Ltd | 2.68 | 2.54 | 5.5% | | Sino Hotels Holdings Ltd | 1.42 | 1.48 | -4.1% | | The Hong Kong & Shanghai Hotels Ltd | 5.35 | 5.20 | 2.9% | | Shangri-La Asia Limited | 4.90 | 4.79 | 2.3% | | |
| National Stock Exchange (INR) | | |
| Chalet Hotels Ltd | 892.95 | 888.00 | 0.6% | | IHCL (Taj Hotels, Resorts & Palaces) | 705.00 | 691.25 | 2.0% | | EIH (Oberoi Hotels & Resorts) | 365.00 | 384.80 | -5.1% | | Hotel Leela Ventures | 20.50 | 20.00 | 2.5% | | Lemon Tree Hotels Ltd | 126.02 | 132.35 | -4.8% | | Mahindra Holiday & Resorts | 405.30 | 422.70 | -4.1% | | Royal Orchid Hotels | 363.85 | 374.00 | -2.7% | | SAMHI Hotels Limited | 206.80 | 214.00 | -3.4% | | |
| The Shilla | 44900.00 | 45850.00 | -2.1% | | |
| Singapore Stock Exchange (S$) | | |
| Amara Holdings Ltd | 0.60 | 0.60 | -0.8% | | ARA Htrust (US$) | 0.26 | 0.25 | 4.1% | | Ascott Residence Trust | 0.96 | 0.94 | 2.1% | | Banyan Tree Holdings Limited | 0.34 | 0.33 | 3.0% | | CDL Hospitality Trusts | 0.98 | 0.96 | 2.1% | | Far East Hospitality Trust | 0.65 | 0.64 | 0.8% | | Frasers Hospitality Trust | 0.46 | 0.45 | 3.4% | | Hotel Grand Central Ltd | 0.73 | 0.73 | 0.0% | | Hotel Properties Ltd | 3.57 | 3.60 | -0.8% | | Mandarin Oriental International Ltd (US$) | 1.72 | 1.71 | 0.6% | | Stamford Land Corporation Ltd | 0.38 | 0.37 | 1.4% | | |
| Taiwan Stock Exchange (NT$) | | |
| Formosa International Hotels Corporation | 202.00 | 201.00 | 0.5% | | The Ambassador Hotel, Ltd | 62.10 | 58.70 | 5.8% | | |
| Tokyo Stock Exchange (JPY) | | |
| Japan Hotel REIT Investment Corp. | 71600.00 | 69600.00 | 2.9% | | Imperial Hotel, Ltd | 974.00 | 929.00 | 4.8% | | Red Planet Japan Inc | 1159.00 | 1108.00 | 4.6% | | |
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