ADIA Sells Novotel and ibis Sydney Darling Harbour Complex for AUD390 Million in Australia

UAE–based Abu Dhabi Investment Authority (“ADIA”) has agreed to sell the 525-key Novotel Sydney on Darling Harbour Hotel and 256-key ibis Sydney Darling Harbour complex for AUD390 million to Australia-based Wentworth Capital Private Equity Pty Ltd (“Wentworth Capital”) and Hong Kong-based Sun Hung Kai & Company (“SHK & Co”). The transaction, totalling 781 rooms, reflects approximately AUD499,000 per key. Situated on a 1.5 hectare site in Pyrmont Peninsula, the properties benefit from close proximity to the International Convention Centre Sydney, Cockle Bay Wharf and Barangaroo, and are within walking distance of Town Hall Station and light rail connections, providing accessibility to the broader Sydney Central Business District. The nearby Harbour Shopping Centre is currently undergoing a AUD2 billion redevelopment and is expected to be completed in late 2027 with a brand-new mixed-use precinct. The transaction represents one of the largest single hotel trades in Sydney in recent years. 

Nippon REIT Acquires Two Hotels for JPY11.7 Billion in Japan

Japan-based NIPPON REIT Investment Corporation (“NIPPON REIT”) has announced the acquisition of trust beneficiary interests in four domestic real estate properties for a combined price of JPY15.4 billion. The portfolio comprises residential, retail and hotel assets, with the hotel component being the 143-key Hotel Resol Akihabara and 119-key The Basement Hotel Osaka Honmachi acquired for approximately JPY6.1 billion and JPY5.6 billion, respectively. The transactions translate to approximately JPY42.8 million and JPY47.1 million per key, respectively. Located in Chiyoda-ku, Tokyo, Hotel Resol Akihabara is a three-minute walk from JR Akihabara Station and in close proximity to Iwamotocho Station on the Toei Shinjuku Line. Completed in February 2019, the 14-storey property provides a total gross floor area of approximately 3,305 square metres (“sqm”). Located in Osaka City, The Basement Hotel Osaka Honmachi is a two-minute walk from Honmachi Station on the Osaka Metro Yotsubashi Line. Completed in January 2019 and renewed in April 2025, the 14-storey property provides a total gross floor area of approximately 3,301 sqm. 

Hon Kwok and CIL Sell R Hotel Honmachi for JPY1.54 Billion in Osaka, Japan

Bauhinia Hotels Group Japan I, a vehicle funded and controlled by a joint venture associated with Hong Kong–based Hon Kwok Land Investment Company Limited (“Hon Kwok”) and Hong Kong-based Chimney Investments Limited (“CIL”), has entered into an agreement to sell an Osaka Hotel, which is identified as the 55-key R Hotel Honmachi in Osaka, Japan. The asset will be acquired by a beneficiary jointly owned by brothers Chiang Kin Tong and Chiang Kin Nam Bernardo for approximately JPY1.54 billion, or approximately JPY28 million per key. The transaction price represents a premium of around 2.1% over the property’s market valuation of JPY1.51 billion as at 31 December 2025. The hotel comprises approximately 1,017 square metres of gross floor area across 10 storeys. R Hotel Honmachi is located within a five-minute walk of Sakaisuji-Hommachi Station, served by the Chuo Line and Sakaisuji Line, providing connectivity to major tourist attractions such as Shinsaibashi and Dotonbori.

Lumut Park Resort Sells Orient Star Lumut for MYR32.96 Million in Malaysia

Lumut Park Resort Sdn Bhd, owned jointly by Malaysia-based Johan Holdings Berhad (“Johan Holdings”) and Syarikat Majuperak Bhd, a unit of Malaysia-based Majuperak Holdings Bhd in a 80-20 stake, has entered into a conditional agreement to dispose of the 150-key The Orient Star Resort Lumut in Perak, Malaysia for MYR32.96 million, and three adjoining land parcels for a total of MYR14.47 million, bringing the total consideration to MYR47.4 million. This represents a price of approximately MYR220,000 per key for the hotel. Located minutes away from the Lumut Pangkor Ferry Jetty, the property features two food and beverage outlets, six meeting venues that span over 867 square metres, and an outdoor pool. The assets are being acquired by two Malaysia-based companies, Golden Peak Hospitality & Consultancy Sdn Bhd and Bujang Holdings Sdn Bhd. 

HVS ANAROCK MONITOR, February 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.



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