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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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Rosewood Branded Luxury Residences For Kamala Phuket

Category: Hotels|Real estate, Posted:27 Jan 2022 | 16:18 pm Thailand’s Raimon Land is developing 14 stand-alone luxury Rosewood branded residences on Phuket’s West Coast at Kamala. The  Rosewood ultra villas have 4-6 bedrooms and are located in a private gated luxury estate. There is no hotel as part of the project. Kamala is an upscale island destination and is well known for its Millionaire’s […]
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Phuket’s Koh Siray Adds A New Hotel

Category: Hotels, Posted:22 Jan 2022 | 15:45 pm Phuket’s east coast has a new hotel with the recent opening of the Sinae Hotel in Koh Siray. The resort offers a collection of 64  studio units, and lifestyle as well as private pool villas. A key feature of Sinae is its elevated hillside ocean views. Access to nearby Phuket Town is ten minutes from […]
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The Aussies Are Coming

Category: Hotels|Tourism, Posted:22 Jan 2022 | 14:53 pm For Phuket hotel sales and marketing teams, the go-to-market has been Russia during the height of the winter snowbird season. With March fast approaching and Thailand’s approval of a revised Test & Go program from the beginning of February, hoteliers are looking at the vast void of the second quarter of the year. Certainly, domestic […]
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