New World Cashes Up From Hong Kong Sale
Category: Hotels, Posted:17 May 2015 | 06:00 am
Hong Kong's New World Development has raised USD2.4 billion from the sales of equity stakes in three SAR Hotels.
The buyer is the Middle East fund ADIA (Abu Dhabi Investment Authority).
Three properties which have traded an equity stake are the Grand Hyatt, Hyatt Regency and Renaissance Harbour View, all located in Hong Kong.
New World will use the funds for expansion.
Phuket Hotels Association Online Travel Auction Now OpenCategory: Hotels, Posted:14 May 2023 | 09:56 am The annual non-profit Phuket Hotels Association Absolutely Fabulous Online Travel Sale is now up and running. CLICK With nearly 200 hotel travel and dining deals across Thailand, Asia the globe, all proceeds go to the education scholarship fund of PHA. Over 45 Thai hospitality students are now supported by the fund and these are the […]