Asia Pacific Hospitality Newsletter - Week Ending 3 October 2025

Group 1: Serene Capital Acquisition - Serene Capital has acquired the 82-key Quest Springfield Central in Queensland, Australia for AUD26.7 million, reflecting a price of AUD325,600 per key and a yield of approximately 7.65% [1] - The property was previously acquired by 90 North and Sidra Capital for AUD24.3 million in 2018 and features a long-term lease with Quest Serviced Apartments extending to 2043 [1] - The hotel includes three commercial tenancies, conference facilities, a gym, and a laundrette, situated within a commercial and health precinct approximately 35 minutes from Brisbane CBD [1] Group 2: UOL Divestment - UOL Group Limited has divested the Parkroyal Saigon in Ho Chi Minh City for an undisclosed sum, originally built in 1997 and rebranded in 2008 [2] - The nine-storey hotel comprises 182 guest rooms and features amenities such as two food and beverage outlets, a fitness centre, spa, and an outdoor swimming pool [2] - The property is strategically located just a five-minute drive from Tan Son Nhat International Airport and about 10 minutes from Ho Chi Minh City's central business district [2] Group 3: Travel + Leisure Co. Acquisition - Travel + Leisure Co. has acquired the historic Hotel Bellinzona in Hepburn Springs, Australia from The Houses Hotel Group at an undisclosed sum [3] - The 43-key property, established in 1903 and refurbished in 2020, features a 160-seat restaurant, conference rooms, and leisure amenities including a heated indoor pool and spa [3] - Following the acquisition, the property will be renamed Club Wyndham Bellinzona Hepburn Springs, becoming the 68th resort in the Club Wyndham South Pacific portfolio [3] Group 4: Comiskey Group Development - Comiskey Group has been awarded a tender to develop a AUD180 million tourism precinct in North Lakes, Queensland, featuring a 130-key luxury resort hotel and mixed-use accommodation [4] - The development will include a 2,500-square metre event venue with a capacity for up to 800 guests, premium restaurants, wellness facilities, and landscaped public spaces [4] - The project is expected to contribute approximately AUD538 million to the local economy within its first five years and create around 883 jobs [4]