Acquisition and Development - Aravest and Wee Hur have acquired Hotel Miramar Singapore for SGD160 million, approximately SGD465,100 per key, with plans to refurbish and rebrand it as DoubleTree by Hilton Singapore Robertson Quay, set to reopen in Q4 2026 [1] - CG Capital plans to develop five new hotels in Thailand, with a combined investment of over THB5 billion, focusing on key resort destinations in Phuket and Koh Samui [5] IPO and Market Activity - Coliwoo, a co-living spin-off of LHN Limited, debuted on the Singapore Exchange at SGD0.615 during its IPO, raising approximately SGD101 million, with a public tranche that was 20.7 times subscribed [2] - Jardine Matheson has announced a privatisation offer for Mandarin Oriental, valuing the luxury hotel group at approximately USD4.2 billion, representing a 52.3% premium to its last closing price [4] Strategic Growth and Expansion - Cross Hotels & Resorts, recently acquired by Sono International, aims to grow its portfolio to 100 hotels by 2030, leveraging Sono's resources for regional expansion [3] - Coliwoo targets an expansion of 800 rooms annually, aiming to reach 4,000 rooms by 2026, currently managing 25 properties with over 3,000 keys [2]
HVS Asia Pacific Hospitality Newsletter - Week Ending 7 November 2025
Hospitality Net·2025-11-10 07:33