Asia Pacific Hospitality Newsletter - Week Ending 6 February 2026

Season's Greetings

HVS wishes you a healthy and prosperous Lunar New Year!

Please note that our newsletter will be on a seasonal hiatus and will not be published on the following dates:

16 February 2026
23 February 2026

We sincerely thank you for your support throughout the Year of the Snake and look forward to partnering with you in the coming Year of the Horse.

Coliwoo Acquires former Park Avenue Changi for SGD101 Million in Singapore

Singapore-based Coliwoo Holdings Limited (“Coliwoo”) is acquiring the former Park Avenue Changi for SGD101 million. This translates to approximately SGD402,000 per key for the 251-key property. Coliwoo will acquire the leasehold interest in the strata lot from Singapore-based ESR-REIT Management (S) Limited’s (“ESR-REIT”), and convert it into a co-living property. The property forms part of ESR BizPark@Changi and includes ground-floor retail space. The property is strategically located within a five-minute walk of Expo MRT station, approximately 500 metres from the Singapore EXPO Convention and Exhibition Centre, with Changi City Point shopping mall within a five-minute walk and Changi Airport accessible via a 15-minute train ride.

Seohan Group Acquires Daegu Marriott Hotel, South Korea

South Korea-based SEOHAN Const. & Eng. co., Ltd. (“Seohan Group”) is acquiring Daegu Marriott Hotel from South Korea-based YIDO Co., Ltd. Market sources indicates that the selling price will be approximately KRW50 to 60 billion. Opened in 2021, the 190-key property is the first five-star hotel opened in Daegu city, and features three food and beverage outlets, a spa, a fitness centre, chargeable swimming pools and sauna facilities, and five meeting rooms that span over 590 square metres ("sqm"). The property is located in Dong-gu, minutes away from the Dongdaegu Train station and Dongdaegu metro station, providing easy access to Daegu city, and other major cities in South Korea.

First Brothers Sells Kamakura Seizan for JPY2.687 Billion, Japan

Japan-based First Brothers Co., Ltd. (“First Brothers”) sold Kamakura Seizan to an undisclosed buyer for JPY2.687 billion, translating into a per-key value of approximately JPY75 million for the 36-key property. Located a three-minute walk from Kamakura Station, the property has a total floor area of 1,521.78 sqm on a land area of 948.26 sqm. The property features one food and beverage outlet and is surrounded by major tourist attractions, including Kamakura Daibutsu, Enoshima Island, and Myohonji. First Brothers is expected to realise a gain of approximately JPY960 million from the sale.

HVS ANAROCK MONITOR, January 2026

By Dipti Mohan, Dhwani Gupta and Shivansh Agarwal

This is a monthly industry update that highlights the key trends in the Indian hospitality industry.

To view and download the full article, please click here.

Absolute Share Price Performance, as of 6 February 2026

Closing Share Price

6 February 2026

30 January 2026

% Change

Australia Stock Exchange (ASX)

Elanor Investors Group	0.85	0.85	0.0%
Event Hospitality & Entertainment Ltd	12.60	12.66	-0.5%
General Property Group	5.09	5.29	-3.8%
Mirvac Group	1.95	1.98	-1.8%

Bangkok Stock Exchange (THB)

Central Plaza Hotel Public Co Ltd	37.00	34.75	6.5%
Dusit Thani Public Co Ltd	11.50	11.40	0.9%
Grande Asset Hotels & Property Public Co Ltd	0.04	0.03	33.3%
Laguna Resorts & Hotel Public Co Ltd	36.75	36.75	0.0%
Minor International Public Co Ltd	25.75	22.90	12.4%
S Hotels and Resorts Public Company Limited	1.70	1.68	1.2%
The Erawan Group Public Co Ltd	2.86	2.52	13.5%

China Shanghai Stock Exchange (RMB)

BTG Hotels Group Co Ltd	17.53	17.05	2.8%
Jinling Hotel Corporation Ltd	8.40	8.22	2.2%
Shanghai Jin Jiang International Hotels Co., Ltd	27.97	26.9	4.0%

China Shenzhen Stock Exchange (RMB)

Huatian Hotel Group Co.,Ltd.	3.92	3.59	9.2%
Guangzhou Lingnan Group Holdings Company Limited	12.92	12.77	1.2%
SSAW Hotels & Resorts Group Co., Ltd.	33.82	30.80	9.8%

NASDAQ (US$)

Hotel101 Global Holdings Corp	7.74	8.31	-6.9%
Huazhu Group Limited	50.95	48.64	4.7%

Hong Kong Stock Exchange (HK$)

Miramar Hotel & Investment Co Ltd	10.77	11.02	-2.3%
Regal Hotels International Holdings Ltd	0.53	0.54	-1.9%
Shangri-La Asia Limited	4.99	4.85	2.9%
Sino Hotels Holdings Ltd	1.50	1.50	0.0%
The Hong Kong & Shanghai Hotels Ltd	6.60	6.19	6.6%

National Stock Exchange (INR)

Apeejay Surrendra Park Hotels	125.90	119.50	5.4%
Brigade Hotel Ventures	61.35	59	4.0%
Chalet Hotels Ltd	864.40	837.00	3.3%
EIH (Oberoi Hotels & Resorts)	349.05	308.75	13.1%
IHCL (Taj Hotels, Resorts & Palaces)	684.35	667.90	2.5%
ITC Hotels	182.00	178.30	2.1%
Juniper Hotels	242.35	207.25	16.9%
Lemon Tree Hotels Ltd	127.90	124.55	2.7%
Mahindra Holiday & Resorts	295.75	288.00	2.7%
Royal Orchid Hotels	374.65	353.35	6.0%
SAMHI Hotels Limited	173.18	168.10	3.0%
Schloss Bangalore Ltd	434.05	399.00	8.8%
Ventive Hospitality	788.85	730.30	8.0%

Korea Exchange (KRW)

The Shilla

49600.00

46200.00

7.4%

Singapore Stock Exchange (S$)

Acrophyte Hospitality Trust (US$)	0.26	0.26	2.0%
Banyan Tree Holdings Limited	0.66	0.67	-1.5%
CapitalLand Ascott Trust	0.97	0.97	0.0%
CDL Hospitality Trusts	0.86	0.85	1.2%
Coliwoo Holdings Limited	0.57	0.60	-5.0%
Far East Hospitality Trust	0.62	0.61	2.5%
Hotel Grand Central Ltd	0.73	0.76	-3.3%
Hotel Properties Ltd	4.90	4.89	0.2%
ProsperCap Corporation Ltd	0.06	0.06	5.0%
Stamford Land Corporation Ltd	0.50	0.50	0.0%

Taiwan Stock Exchange (NT$)

Formosa International Hotels Corporation	190.50	189.00	0.8%
The Ambassador Hotel, Ltd	43.30	44.70	-3.1%

Tokyo Stock Exchange (JPY)

Hoshino Resorts REIT, Inc	260000	258600	0.5%
Imperial Hotel, Ltd	1388.00	1336.00	3.9%
Ichigo Hotel REIT Investment Corporation	122300	123800	-1.2%
Invincible Investment Corporation	66900	66300	0.9%
Japan Hotel REIT Investment Corp.	85400.00	84500.00	1.1%
Kasumigaseki Hotel REIT Investment Corp	104500.00	105000.00	-0.5%
Nippon Hotel & Residential Investment Corporation	75400.00	75500.00	-0.1%
Polaris Holdings	186	183	1.6%

For the latest in the hospitality industry, please visit: http://www.hvs.com/. You are also welcome to contact the following personnel.

Hok Yean Chee, Regional President – HVS Asia Pacific hychee@hvs.com

Mandeep S. Lamba, President, South Asia – HVS ANAROCK mlamba@hvs.com

Chariss Kok, Vice President – HVS Singapore ckok @hvs.co m

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