International
Indian Hospitality Market Set for a Boom as Two Brands Announce Massive Expansion Plans
StayWell Hospitality Group has announced that it is expanding its Indian network by three hotels located in key areas of the country: Hyderabad, Greater Noida and Raipur.
Canada Pension Plan Investment Board Expands Into Brazil with Global Logistic Properties Partnership
Canada Pension Plan Investment Board announced they are entering a joint-venture partnership with Global Logistic Properties Ltd., the world’s second largest owner of industrial property.
As Naga2 Holds Groundbreaking Ceremony, NagaWorld Seems to Take Shape in Phnom Penh
A massive hospitality development recently held its groundbreaking ceremony in the city of Phnom Penh, as NagaCorp Ltd. has begun working on the largest integrated resort in Cambodia, and the first one to feature two luxury hotels and a podium block.
Hyatt Announces Plans For Its First Hyatt Regency-Branded Hotel in Bangkok
Hyatt Hotels Corporation has announced plans to open its first Hyatt Regency-branded hotel in Bangkok. Upon completion in 2017, Hyatt Regency Bangkok, Sukhumvit will join the already open Grand Hyatt Erawan Bangkok.
MARKET SNAPSHOT: Toronto Multifamily Remains Tight as Rents Rise and Concessions Fade
While sales velocity has ticked down somewhat over the past year, prices for apartments in the city of Toronto remain extraordinarily high.
Brookfield Multiplex Lands $410M Qatari Construction Contract
Brookfield Multiplex Medgulf WLL, the consortium of Canadian-owned Brookfield Multiplex and the local insurance and reinsurance firm Medgulf has been awarded a QAR1.5 billion (or approximately $412 million) construction contract for a section of Msheireb Downtown Doha, a redevelopment project in Doha, Qatar.
Shinsei Bank Ltd. Set to Bet Newly Formed REIT on Health Care Lending for Aging Japanese Population
Japan-based Shinsei Bank Ltd. is reportedly set on creating a brand new real estate investment trust that would focus all of its attention on a niche market.
$300 Million Grand Hyatt Hotel and Residences Announced in Manila, Philippines
Property developer Federal Land Inc. recently announced it has entered into a joint venture with Japan-based financial services group Orix Corp. to develop a $300 million mixed-use facility in Bonifacio Global City, Manila, Philippines.
Four Points by Sheraton Berlin Airport to Open in 2014
Starwood Hotels & Resorts Worldwide Inc. has announced plans to introduce Four Points by Sheraton Berlin Airport in Germany’s capital city.
Construction Begins On Hyatt Hotel’s First Extended-Stay Property in the Caribbean
On October 29th, a groundbreaking ceremony marked the start of construction on the new Hyatt House San Juan, the first extended-stay property to be developed in Puerto Rico.