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HVS-STYLELOFT Sign License Agreement to Expand Hotel Market Advisory Services
We are pleased to announce that HVS has signed a license agreement with Styleloft to expand its advisory services in Korea across hotel planning, development, and asset transactions. Styleloft, a hotel-specialised consulting firm with nearly 20 years of experience, has advised on global luxury hotel projects such as Four Seasons Hotel Seoul, Banyan Tree Club & Spa Seoul, and Mandarin Oriental Seoul.
HVS, a hotel and hospitality-focused consultancy and valuation organisation with extensive experiences since the establishment in 1980. The current Singapore and India offices in Asia-Pacific have been providing hospitality-related professional services to owners, investors, banks, REITs, operators, and governments across the region. The collaboration between the two companies will combine HVS's global expertise with Styleloft's local market knowledge and capabilities.
To view the full article, please click here.
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FEC Sold Former Silka Seaview Hotel, Now Student Housing to JD Group for HKD750 Million in Hong Kong
Dorsett Hospitality International Limited (“DHIL”), an indirect wholly-owned subsidiary of Hong Kong-based Far East Consortium International Limited ("FEC"), has sold the holding company that owns the 268-key Former Silka Seaview Hotel to the investment holding company of China-based JD Group for HKD750 million. This translates to approximately HKD2.8 million per key. Located in Yau Ma Tei, the property is a four-minute walk from Yau Ma Tei MTR Station and a 10-minute walk from Queen Elizabeth Hospital and Hong Kong Polytechnic University. The asset features a food and beverage outlet and an internet corner. The property is currently undergoing the conversion of its guest rooms into units for operation as student accommodation and is expected to complete the conversion by the end of 2026. DHI Hotel Management HK Limited, an indirect wholly owned subsidiary of FEC, will continue to manage the property for three years under a management contract with a guaranteed annual income of HKD45 million. Under the agreement, the manager will be entitled to all revenue and income generated from the operation of the property and will bear all operating expenses. DHIL will act as the guarantor for the manager.
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RAM, TPG and Weave Acquire Office Building in KRW60 Billion Deal for Coliving Redevelopment in South Korea
South Korea-based REPAN Asset Management Co., Ltd. (“RAM”), US-based TPG Angelo Gordon (“TPG”), and Hong Kong-based Weave Living (“Weave”) have acquired the ABL Life Sungin-dong office building and four adjoining land parcels in Jongno-gu, Seoul, for approximately KRW60 billion. Located in the Sungin-dong district of central Seoul, the 2,027 square metre (“sqm’) site will be redeveloped into Weave Suites, a 546-unit co-living development comprising two basement levels and 16 storeys above ground with a gross floor area of approximately 19,266 sqm. The project has an estimated total development cost of KRW170 billion and is expected to commence construction following permit approvals, with completion targeted for 2030.
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Origin Property Divests ibis Phuket Kata for THB745 Million in Thailand
Origin Hotel Public Co. Ltd., the subsidiary of Thailand-based Origin Property Public Co., Ltd. (“Origin Property”), has divested the 258-key ibis Phuket Kata in Phuket, Thailand, for THB745 million, reflecting a price of at least THB2.9 million per key. Located near Kata Beach, the property is approximately an hour’s drive from Phuket International Airport. The hotel comprises a restaurant, bar, outdoor swimming pool, and meeting facilities, and has been operating under a franchise agreement with France-based Accor SA’s (“Accor”) ibis brand since 2022. Tokyu Land Asia, the Singaporean arm of Japan-based real estate developer Tokyu Land, acquired a partial ownership interest in the Property in 2023, with a three-property portfolio acquisition under a joint venture structure with Origin Property.
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Singapore Unveils Greater Sentosa Master Plan for Next Phase of Tourism Growth
Singapore has unveiled the Greater Sentosa Master Plan, a long-term blueprint to transform Sentosa and Pulau Brani into a premier leisure and tourism destination over the next two decades. The redevelopment will introduce new world-class attractions, hotels, enhanced beachfronts, nature trails and outdoor event spaces, while improving connectivity through a new transport hub linking Sentosa, Pulau Brani and the mainland. The Brani West precinct has been earmarked as one of the largest sites for future attraction developments, with additional plans including new landmarks at Mount Imbiah, a new multi-purpose event venue named Sensorium, refreshed beaches and upgraded public spaces. Once completed, the expanded destination is expected to approximately double annual visitor numbers, reinforcing Singapore's position as a leading regional tourism and hospitality hub. The first stage of the upcoming attractions will be completed from early 2030s.
| | Absolute Share Price Performance, as of 3 July 2026 | | | Closing Share Price | 3 July 2026 | 26 June 2026 | % Change | | | | Australia Stock Exchange (ASX) | | | | Elanor Investors Group | 0.10 | 0.06 | 63.3%
| | Event Hospitality & Entertainment Ltd | 12.60 | 13.19 | -4.5%
| | General Property Group | 4.82 | 5.07 | -4.9%
| | Mirvac Group | 1.70 | 1.77 | -3.7%
| | | | Bangkok Stock Exchange (THB) | | | | Central Plaza Hotel Public Co Ltd | 36.50 | 37.50 | -2.7%
| | Dusit Thani Public Co Ltd | 11.30 | 11.00 | 2.7%
| | Grande Asset Hotels & Property Public Co Ltd | 0.02 | 0.03 | -33.3%
| | Laguna Resorts & Hotel Public Co Ltd | 36.75 | 36.75 | 0.0%
| | Minor International Public Co Ltd | 24.40 | 24.60 | -0.8%
| | S Hotels and Resorts Public Company Limited | 1.69 | 1.75 | -3.4%
| | The Erawan Group Public Co Ltd | 3.08 | 3.10 | -0.6%
| | | | China Shanghai Stock Exchange (RMB) | | | | BTG Hotels Group Co Ltd | 11.59 | 10.96 | 5.7%
| | Jinling Hotel Corporation Ltd | 6.23 | 6.13 | 1.6%
| | Shanghai Jin Jiang International Hotels Co., Ltd | 18.39 | 18.22 | 0.9%
| | | | China Shenzhen Stock Exchange (RMB) | | | | Huatian Hotel Group Co., Ltd. | 3.10 | 3.17 | -2.2%
| | Guangzhou Lingnan Group Holdings Company Limited | 8.95 | 8.95 | 0.0%
| | SSAW Hotels & Resorts Group Co., Ltd. | 18.03 | 19.15 | -5.8%
| | | | Hotel101 Global Holdings Corp | 5.16 | 5.10 | 1.2%
| | Huazhu Group Limited | 42.53 | 41.53 | 2.4%
| | | | Hong Kong Stock Exchange (HK$) | | | | Miramar Hotel & Investment Co Ltd | 10.00 | 9.80 | 2.0%
| | Regal Hotels International Holdings Ltd | 0.36 | 0.43 | -17.4%
| | Shangri-La Asia Limited | 3.93 | 4.01 | -2.0%
| | Sino Hotels Holdings Ltd | 1.54 | 1.54 | 0.0%
| | The Hong Kong & Shanghai Hotels Ltd | 5.33 | 5.34 | -0.2%
| | | | National Stock Exchange (INR) | | | | Apeejay Surrendra Park Hotels | 120.05 | 124.05 | -3.2%
| | Brigade Hotel Ventures | 63.53 | 65.69 | -3.3%
| | Chalet Hotels Ltd | 840.00 | 831.40 | 1.0%
| | EIH (Oberoi Hotels & Resorts) | 324.95 | 328.90 | -1.2%
| | IHCL (Taj Hotels, Resorts & Palaces) | 725.05 | 726.50 | -0.2%
| | ITC Hotels | 177.67 | 178.50 | -0.5%
| | Juniper Hotels | 201.9 | 199 | 1.5%
| | Lemon Tree Hotels Ltd | 119.70 | 119.93 | -0.2%
| | Mahindra Holiday & Resorts | 239.26 | 240.90 | -0.7%
| | Royal Orchid Hotels | 327.00 | 341.90 | -4.4%
| | SAMHI Hotels Limited | 177.10 | 186.10 | -4.8%
| | Schloss Bangalore Ltd | 476.55 | 497.95 | -4.3%
| | Ventive Hospitality | 632.95 | 645.00 | -1.9%
| | | | Ananti Inc. | 3975.00 | 4225.00 | -5.9%
| | Grand Korea Leisure Co., Ltd. | 10650.00 | 10840.00 | -1.8%
| | Hotel Shilla Co., Ltd. | 51200.00 | 46700.00 | 9.6%
| | Lotte Tour Development Co., Ltd. | 15300.00 | 14890.00 | 2.8%
| | Paradise Co., Ltd. | 12820.00 | 14370.00 | -10.8%
| | Seobu T&D Co., Ltd. | 10210.00 | 10420.00 | -2.0%
| | Shinhan Seobu T&D REIT | 3785 | 3910 | -3.2%
| | | | Singapore Stock Exchange (S$) | | | | Acrophyte Hospitality Trust (US$) | 0.20 | 0.19 | 8.1%
| | Banyan Tree Holdings Limited | 0.55 | 0.57 | -3.5%
| | CapitalLand Ascott Trust | 0.90 | 0.90 | 0.0%
| | CDL Hospitality Trusts | 0.77 | 0.78 | -0.6%
| | Coliwoo Holdings Limited | 0.48 | 0.48 | -1.0%
| | Far East Hospitality Trust | 0.57 | 0.58 | -0.9%
| | Hotel Grand Central Ltd | 0.72 | 0.74 | -2.0%
| | Hotel Properties Ltd | 4.56 | 4.60 | -0.9%
| | ProsperCap Corporation Ltd | 0.07 | 0.07 | 0.0%
| | Stamford Land Corporation Ltd | 0.49 | 0.49 | 0.0%
| | | | Taiwan Stock Exchange (NT$) | | | | Formosa International Hotels Corporation | 178.00 | 178.50 | -0.3%
| | The Ambassador Hotel, Ltd | 43.85 | 44.00 | -0.3%
| | | | Tokyo Stock Exchange (JPY) | | | | Hoshino Resorts REIT, Inc | 242400 | 238800 | 1.5%
| | Imperial Hotel, Ltd | 1007.00 | 1005.00 | 0.2%
| | Ichigo Hotel REIT Investment Corporation | 118800 | 116000 | 2.4%
| | Invincible Investment Corporation | 61100 | 60000 | 1.8%
| | Japan Hotel REIT Investment Corp. | 79600.00 | 79700.00 | -0.1%
| | Kasumigaseki Hotel REIT Investment Corp | 99100.00 | 99900.00 | -0.8%
| | Nippon Hotel & Residential Investment Corporation | 66000.00 | 64300.00 | 2.6%
| | Polaris Holdings | 196 | 196 | 0.0%
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