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CapitaLand Enters South Korea Hospitality Industry with KRW73 Billion Acquisition in Yeouido, Seoul
CapitaLand Group Pte. Ltd. (“CapitaLand”), a Singapore-based real estate investment management and development company, has completed its first successful hospitality acquisition in South Korea with the purchase of THE CONNOISSEUR Residence in Yeouido, Seoul, for KRW73 billion. The 161-key property, which includes a fitness centre, a rooftop garden, and a private club, is located in the Yeouido District, a major financial and business hub in Seoul. It sits approximately 200 metres from the National Assembly Station on Seoul Subway Line 9, offering direct access to Gimpo International Airport and city landmarks such as the Seoul Botanic Garden. Originally developed by South Korea-based Kunyoung Co., Ltd., the asset was designed and operated by South Korea-based Trinity D&C Co., Ltd. (“Trinity D&C”). Prior to CapitaLand’s acquisition, over half of the units had been pre-sold to individual buyers. CapitaLand worked with Trinity D&C to consolidate and secure full ownership of all units thus facilitating the acquisition.
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Hon Kwok Sold The Bauhinia Hotel Tsim Sha Tsui for HKD335 Million, Hong Kong
Hong Kong-based property developer Hon Kwok Land Investment Co Ltd (“Hon Kwok”) has sold the 98-key The Bauhinia Hotel Tsim Sha Tsui for HKD335 million to an undisclosed buyer. This translates to approximately HKD3.42 million per key. The property was originally acquired in 2002 as a commercial building for HKD55 million and was subsequently converted into the existing hotel. The sale will result in a gain of approximately HKD280 million for Hon Kwok. The 23-storey building, which also includes two basement levels housing retail units, offers a total gross floor area of about 5,657 square metres. Located in Tsim Sha Tsui, the hotel is within a 10-minute walk of the Tsim Sha Tsui MTR station and around 25 minutes by car from Hong Kong International Airport.
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GuocoLand Sold Thistle Johor Bahru Hotel to YTL for MYR150 Million, Malaysia
JB Parade Sdn. Bhd. (“JB Parade”), a wholly owned subsidiary of Singapore-based GuocoLand Limited (“GuocoLand”), has sold the Thistle Johor Bahru hotel and the associated land to Restoran Kisap Sdn. Bhd. (“Restoran Kisap”) for MYR150 million. Restoran Kisap is a wholly owned subsidiary of YTL Hotels & Properties Sdn. Bhd., which in turn is wholly owned by the Malaysia-based YTL Corporation Berhad (“YTL”). The transaction includes the 381-key hotel and the underlying leasehold land plot, spanning approximately 24,040 square metres (“sqm”). The asset had a net book value of RM93 million, and upon completion of the sale, GuocoLand is expected to recognise a net gain of approximately RM35 million. Located along Jalan Sungai Chat in Johor Bahru, Malaysia, Thistle Johor Bahru is within a five-minute walk of the nearest bus station with services linking to Johor Bahru Sentral, the city’s main transportation hub for both rail and bus networks. The hotel features a range of amenities, with two food and beverage outlets, a two-level resort-style swimming pool, spa, fitness centre, two tennis courts, and nine different meeting and banquet facilities.
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IFM Investors Acquires Perth’s Mixed-use Development from InfraRed, Australia
Australia-based IFM Investors Pty Ltd (“IFM Investors”) has acquired Curtin Exchange, a mixed-use development from a special private vehicle of the UK-based InfraRed Capital Partners Limited (“InfraRed”) for an undisclosed sum. Fully opened in 2022, the project is comprised of more than 2,000 student accommodation beds, 60-key hotel, 38 retail shops, and 12 retail shops. The project also includes spaces for future expansion for student housing. The hotel, known as Nesuto Curtin Perth Hotel, is operated by Australia-based Daiwa Living Nesuto Australia Pty Ltd, and features a breakfast lounge, and multiple meeting spaces.
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HVS ANAROCK Insights - Scaling Up Smart: Hotel Operators Fast-Track Their Expansion Strategy Through Strategic Partnerships
By Mandeep S Lamba and Dipti Mohan
With new deals reshaping the landscape, strategic partnerships and acquisitions are back in focus across India’s hospitality sector. Read on to know more.
To view and download the full article, please click here.
| | Absolute Share Price Performance, as of 5 September 2025 | | | Closing Share Price | 5 September 2025 | 29 August 2025 | % Change | | | | Australia Stock Exchange (ASX) | | | | Elanor Investors Group | 0.85 | 0.85 | 0.0%
| | Event Hospitality & Entertainment Ltd | 13.91 | 13.65 | 1.9%
| | General Property Group | 5.42 | 5.41 | 0.2%
| | Mirvac Group | 2.34 | 2.33 | 0.4%
| | | | Bangkok Stock Exchange (THB) | | | | Central Plaza Hotel Public Co Ltd | 30.50 | 29.50 | 3.4%
| | Dusit Thani Public Co Ltd | 11.60 | 11.60 | 0.0%
| | The Erawan Group Public Co Ltd | 2.60 | 2.50 | 4.0%
| | Grande Asset Hotels & Property Public Co Ltd | 0.05 | 0.04 | 25.0%
| | Laguna Resorts & Hotel Public Co Ltd | 36.75 | 36.75 | 0.0%
| | Minor International Public Co Ltd | 24.40 | 23.60 | 3.4%
| | S Hotels and Resorts Public Company Limited | 1.47 | 1.47 | 0.0%
| | | | China Shanghai Stock Exchange (RMB) | | | | Jinling Hotel Corporation Ltd | 8.20 | 8.04 | 2.0%
| | | | China Shenzhen Stock Exchange (RMB) | | | | Huatian Hotel Group Co.,Ltd. | 3.85 | 3.65 | 5.5%
| | Guangzhou Lingnan Group Holdings Company Limited | 16.50 | 13.29 | 24.2%
| | | | Huazhu Group Limited | 36.80 | 36.67 | 0.4%
| | | | Hong Kong Stock Exchange (HK$) | | | | Miramar Hotel & Investment Co Ltd | 10.00 | 9.96 | 0.4%
| | Regal Hotels International Holdings Ltd | 0.54 | 0.54 | 0.0%
| | Sino Hotels Holdings Ltd | 1.37 | 1.44 | -4.9%
| | The Hong Kong & Shanghai Hotels Ltd | 5.86 | 5.80 | 1.0%
| | Shangri-La Asia Limited | 4.51 | 4.62 | -2.4%
| | | | National Stock Exchange (INR) | | | | Chalet Hotels Ltd | 1011.10 | 1020.00 | -0.9%
| | IHCL (Taj Hotels, Resorts & Palaces) | 775.80 | 762.10 | 1.8%
| | EIH (Oberoi Hotels & Resorts) | 414.00 | 399.95 | 3.5%
| | Hotel Leela Ventures | 12.05 | 11.75 | 2.6%
| | Lemon Tree Hotels Ltd | 170.95 | 172.00 | -0.6%
| | Mahindra Holiday & Resorts | 361.45 | 350.60 | 3.1%
| | Royal Orchid Hotels | 550.85 | 499.80 | 10.2%
| | SAMHI Hotels Limited | 217.40 | 214.40 | 1.4%
| | | | The Shilla | 48250.00 | 45750.00 | 5.5%
| | | | Singapore Stock Exchange (S$) | | | | ARA Htrust (US$) | 0.29 | 0.30 | -3.3%
| | Ascott Residence Trust | 0.90 | 0.91 | -1.1%
| | Banyan Tree Holdings Limited | 0.59 | 0.59 | 0.0%
| | CDL Hospitality Trusts | 0.81 | 0.82 | -0.6%
| | Far East Hospitality Trust | 0.60 | 0.60 | 0.0%
| | Frasers Hospitality Trust | 0.71 | 0.71 | 0.0%
| | Hotel Grand Central Ltd | 0.72 | 0.73 | -1.4%
| | Hotel Properties Ltd | 5.09 | 5.12 | -0.6%
| | Mandarin Oriental International Ltd (US$) | 2.00 | 2.04 | -2.0%
| | Stamford Land Corporation Ltd | 0.42 | 0.42 | 0.0%
| | | | Taiwan Stock Exchange (NT$) | | | | Formosa International Hotels Corporation | 197.50 | 192.50 | 2.6%
| | The Ambassador Hotel, Ltd | 45.25 | 43.35 | 4.4%
| | | | Tokyo Stock Exchange (JPY) | | | | Japan Hotel REIT Investment Corp. | 85200.00 | 86800.00 | -1.8%
| | Imperial Hotel, Ltd | 1009.00 | 1009.00 | 0.0%
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