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One REIT Inc. Acquires Comfort Inn Nagoya Sakae Ekimae in Japan for JPY7.7 Billion
Japan-based One REIT Inc. acquires 240-key Comfort Inn Nagoya Sakae Ekimae in Japan for JPY7.7 billion. This translates to approximately JPY32.1 million per key. Located just a minute’s walk away from Sakae and Sakaemachi Station, the property has a gross floor area of approximately 5,187 square metres. The hotel is situated within Naka ward in Nagoya, next to multiple demand generators such as Nagoya TV Tower, Aichi Prefectural Museum of Art, and multiple shopping malls. Amenities include a coffee corner and laundromat services.
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MK Stay at 11 Changsha Street in Hong Kong Sold for HKD188 Million
The 100-key MK Stay Hotel located at 11 Changsha Street in Hong Kong has been sold for HKD188 million to an undisclosed buyer. This translates to approximately HKD1.88 million per key. The property was originally acquired for HKD150 million in 2009, reflecting a 25% increase in value. Spanning 19 storeys with a gross floor area of 2,428 square metres, the hotel also features an outdoor sky garden. Ideally situated just a street away from the renowned Nathan Road, the property is close to several key attractions, including Langham Place and the Ladies’ Market. In addition, it is just a few minutes’ drive from the West Kowloon High-Speed Rail Station, which offers direct connections to mainland China, providing convenient access for mainland visitors.
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G’ Day Group Acquires Cradle Mountain Wilderness Village in Cradle Valley, Tasmania, Australia
Australia-based caravan park operator, G’Day Group Pty Ltd (“G’Day Group”), has completed the acquisition of Cradle Mountain Wilderness Village for an undisclosed amount. The property is situated adjacent to its existing tourist park, Discovery Parks – Cradle Mountain. The acquisition will complement the group’s existing 83-key Discovery Parks - Cradle Mountain which has recently completed an AUD20 million renovation to include more family-friendly cabins and new premium cabins. Nestled within the rainforest of Cradle Valley, the property features 45 chalets, and one food and beverage outlet. Post-acquisition, the property will be rebranded as Discovery Resorts – Cradle Mountain Village, joining G’Day Group’s growing portfolio.
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New Zealand Government Invests NZD30 Million in Conservation Tourism Initiatives
The New Zealand Government has allocated NZD30 million from the International Visitor Conservation and Tourism Levy to support over a dozen projects over the next three years, aimed at boosting biodiversity and the tourism industry. Part of the funding will cover infrastructure upgrades, including improvements to Aoraki/Mount Cook, Rangitoto Island, and Motutapu Island, as well as safety enhancements at key tourist sites. Additionally, NZD19 million will be invested in biodiversity conservation efforts, such as predator control and the removal of invasive species. This initiative reinforces New Zealand’s position as a leading eco-tourism destination while promoting sustainable growth.
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New Premium Carrier, Indonesia Airlines Set to Launch in 2025
A new premium airline, Indonesia Airlines, is set to launch in 2025. Backed by Singapore-based Calypte Holdings Pte. Ltd., the company has established a subsidiary, PT Indonesia Airlines Group, and will be based at Soekarno-Hatta International Airport in Jakarta. Indonesia Airlines aims to establish itself as a premium carrier, operating exclusively on international routes, with plans to serve 48 destinations across 30 countries within its first five years of operation. The launch comes amid a surge in Indonesia’s international flight capacity, driven by increasing demand for outbound travel and rising foreign visitor arrivals. Major airports, including Soekarno-Hatta International Airport and Ngurah Rai International Airport in Bali, have seen a steady recovery in international traffic, with airlines expanding their networks to key global destinations.
| | Absolute Share Price Performance, as of 21 March 2025 | | | Closing Share Price | 21 March 2025 | 14 March 2025 | % Change | | | | Australia Stock Exchange (ASX) | | | | Elanor Investors Group | 0.85 | 0.85 | 0.0%
| | Event Hospitality & Entertainment Ltd | 13.50 | 13.70 | -1.5%
| | General Property Group | 4.36 | 4.37 | -0.2%
| | Mirvac Group | 2.11 | 2.10 | 0.5%
| | | | Bangkok Stock Exchange (THB) | | | | Central Plaza Hotel Public Co Ltd | 30.75 | 33.75 | -8.9%
| | Dusit Thani Public Co Ltd | 8.75 | 8.85 | -1.1%
| | The Erawan Group Public Co Ltd | 2.94 | 3.18 | -7.5%
| | Grande Asset Hotels & Property Public Co Ltd | 0.05 | 0.04 | 25.0%
| | Laguna Resorts & Hotel Public Co Ltd | 38.25 | 37.75 | 1.3%
| | Minor International Public Co Ltd | 27.50 | 27.75 | -0.9%
| | S Hotels and Resorts Public Company Limited | 2.12 | 2.10 | 1.0%
| | | | China Shanghai Stock Exchange (RMB) | | | | Jinling Hotel Corporation Ltd | 6.94 | 6.84 | 1.5%
| | | | China Shenzhen Stock Exchange (RMB) | | | | Huatian Hotel Group Co.,Ltd. | 3.19 | 3.13 | 1.9%
| | Guangzhou Lingnan Group Holdings Company Limited | 10.25 | 10.17 | 0.8%
| | | | Huazhu Group Limited | 38.06 | 37.21 | 2.3%
| | | | Hong Kong Stock Exchange (HK$) | | | | Miramar Hotel & Investment Co Ltd | 9.04 | 8.90 | 1.6%
| | Regal Hotels International Holdings Ltd | 1.75 | 1.80 | -2.8%
| | Sino Hotels Holdings Ltd | 1.38 | 1.45 | -4.8%
| | The Hong Kong & Shanghai Hotels Ltd | 6.01 | 5.96 | 0.8%
| | Shangri-La Asia Limited | 4.72 | 4.45 | 6.1%
| | | | National Stock Exchange (INR) | | | | Chalet Hotels Ltd | 807.90 | 780.50 | 3.5%
| | IHCL (Taj Hotels, Resorts & Palaces) | 817.25 | 760.00 | 7.5%
| | EIH (Oberoi Hotels & Resorts) | 359.50 | 346.35 | 3.8%
| | Hotel Leela Ventures | 13.00 | 13.08 | -0.6%
| | Lemon Tree Hotels Ltd | 137.50 | 128.00 | 7.4%
| | Mahindra Holiday & Resorts | 319.40 | 300.70 | 6.2%
| | Royal Orchid Hotels | 417.40 | 391.00 | 6.8%
| | SAMHI Hotels Limited | 149.20 | 142.24 | 4.9%
| | | | The Shilla | 40500.00 | 39150.00 | 3.4%
| | | | Singapore Stock Exchange (S$) | | | | Amara Holdings Ltd | 0.60 | 0.59 | 1.7%
| | ARA Htrust (US$) | 0.21 | 0.21 | 2.4%
| | Ascott Residence Trust | 0.87 | 0.88 | -0.6%
| | Banyan Tree Holdings Limited | 0.36 | 0.35 | 2.9%
| | CDL Hospitality Trusts | 0.86 | 0.84 | 2.4%
| | Far East Hospitality Trust | 0.57 | 0.58 | -0.9%
| | Frasers Hospitality Trust | 0.58 | 0.57 | 1.8%
| | Hotel Grand Central Ltd | 0.70 | 0.70 | -0.7%
| | Hotel Properties Ltd | 3.54 | 3.56 | -0.6%
| | Mandarin Oriental International Ltd (US$) | 1.79 | 1.80 | -0.6%
| | Stamford Land Corporation Ltd | 0.37 | 0.37 | 0.0%
| | | | Taiwan Stock Exchange (NT$) | | | | Formosa International Hotels Corporation | 210.00 | 210.00 | 0.0%
| | The Ambassador Hotel, Ltd | 51.70 | 51.20 | 1.0%
| | | | Tokyo Stock Exchange (JPY) | | | | Japan Hotel REIT Investment Corp. | 72800.00 | 71400.00 | 2.0%
| | Imperial Hotel, Ltd | 916.00 | 909.00 | 0.8%
| | Red Planet Japan Inc | 5100.00 | 3900.00 | 30.8%
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