Insights from HVS Asia Pacific Hospitality

Lodge Cozi Harbour View Bought for HKD1.87 Billion in Hong Kong

Hong Kong-based Tang Shing Bor’s household has offered the 598-key Lodge Cozi Harbour View to Hong Kong-based Nanyang Business Financial institution, Restricted for HKD1.87 billion. This interprets to roughly HKD3.13 million per key. The 32-storey property, with a gross flooring space of roughly 21,860 sq. metres, was initially bought for HKD2.25 billion in 2017. Situated in Kwun Tong, the lodge is only a five-minute stroll from the closest MTR station and a 40-minute drive from Hong Kong Worldwide Airport. This sale is the most recent in a sequence of divestments by the Tang household, who’ve been offloading their property belongings since 2023.

Mantra Nelson Bay Bought to at Lodge Group in New South Wales, Australia

Australia-based operator, Saltwater Lodges & Resorts, has offered the 110-key Mantra Nelson Bay to Australia-based lodge administration firm at Lodge Group for an undisclosed quantity. Located a 2.5-hour drive from Sydney, the resort options 75 two-bedroom flats, 26 three-bedroom flats, and 9 three-bedroom penthouses unfold throughout three buildings centred round a lagoon pool with a cascading waterfall. The property additionally features a spa, health centre, BBQ and recreation areas, in addition to convention and boardroom amenities. This property marks the primary lodge acquisition outdoors its North Queensland for at Lodge Group.

Singapore Launches Intergenerational Co-Residing Areas at Former Henderson Major College

The Singapore Authorities plans to launch intergenerational co-living serviced flats for each seniors and youthful crowd on the location of the previous Henderson Major College. The redevelopment venture has been awarded to a three way partnership between Singapore-based lodging supplier TS Residence Non-public Restricted and Singapore-based co-living operator The Meeting Place. The 7,204-square-metre website will likely be remodeled into an area that includes 107 totally outfitted residence items, shared kitchen and lounges, sports activities amenities, multi-purpose corridor and leisure facilities, designed to help a community of hobby-focused areas and programmes. The positioning can have devoted group managers and full-time nurse aides.

Phuket’s East Coast Set for World-Class Marina Growth

Thailand-based Na-Ranong household is inviting traders to take part within the growth of a world-class marina venture on the east coast of Phuket at Sapam Bay. The positioning contains adjoining land designated for residential, industrial and leisure amenities, providing a complete growth alternative. With pre-approved Environmental Impression Evaluation and development permits, in addition to a marine working license, the location is able to enhance marine tourism in Phuket. This venture aligns with the Thai authorities’s strategic efforts to determine the nation as a number one regional marine tourism hub, with a robust give attention to marine and cruise liner port developments. Phuket, specifically, has skilled vital development in nautical tourism over the previous decade, making it an excellent location for this enterprise.

HVS is the world’s main consulting and valuation providers group centered on the lodge, restaurant, shared possession, gaming, and leisure industries. Established in 1980, the corporate performs greater than 4,500 assignments per 12 months for just about each main trade participant. HVS principals are considered the main professionals of their respective areas of the globe. By a worldwide community of over 50 workplaces staffed by 300 skilled trade professionals, HVS gives an unparalleled vary of complementary providers for the hospitality trade. For additional data relating to our experience and specifics about our providers, please go to www.hvs.com.