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Singapore Wealth Fund Eyeing Trophy Hotel Assets

Category: Hotels, Posted:19 Jun 2010 | 06:00 am

One of the world's leading SWF (Sovereign Wealth Funds ) the Singapore Government Investment Corporation (GIC) is reported to be in the running for the high profile London Grosvenor House Hotel.
Recently back of the global financial crises long standing trophy assets such as the Raffles hotel came into the market and was snatched up by the Qatar Investment Authority's Qatari Diar.
Another SWF the China Investment Corp. (CIC) invested UDD600 million in 2009 in a global real estate fund managed by Morgan Stanley which includes hotel grade assets.
One of the key drivers of the current transaction market is the unique once in a lifetime chance for many hotel buyers to acquire a legacy hotel that in many cases is more of a showpiece then a strictly bottom line driven investment.

Other News

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Thailand’s Sandbox Is Not A Quarantine

Category: Tourism, Posted:12 Jun 2021 | 10:45 am As we are 19 days away from Thailand’s Sandbox tourism reopening in Phuket, there continues to be a misunderstanding of the overall rules and the term quarantine is incorrectly used. Quarantine by definition is isolation, whereby Sandbox travelers will be able to move throughout their hotel, visit beaches, restaurants, shops etc. Remember Phuket is about […]
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C9 Hotelworks Releases New Krabi Report

Category: Hotels, Posted:07 Jun 2021 | 06:00 am Comparing major Southern Thai resort destinations, Krabi is one that historically balances well between the international and domestic markets. In the new Krabi Hotel Market Update from C9 Hotelworks, we take a look back at pre-Covid trading to examine from what point hoteliers hope tourism will upcycle towards recovery and what will the trends be. […]
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SHA Plus Program In Focus

Category: Hotels, Posted:06 Jun 2021 | 13:17 pm A key part of the upcoming Phuket Sandbox reopening process is the requirement for incoming international travelers to stay in an SHA Plus hotel for 14 days, or shorter if only visiting the island. Those who want to travel onward to other destinations in Thailand can proceed after a 14-day period. As travelers are scrambling […]