HVS Asia Pacific Lodge Transactions Bulletin Week Ending 15 May well furthermore simply 2026
In Brief: HVS reviews on key resort sales and investment exercise across Asia Pacific for the week ending 15 May well furthermore simply 2026
Expert-make investments Acquires Coogee Sands Lodge & Residences in Australia
Australia-basically basically based mostly Expert-make investments Asset Administration Australia Pty Ltd (“Expert-make investments”), in partnership with MEC Global Partners Asia Pte. Ltd., the investment arm of Japan-basically basically based mostly Mitsubishi Property Co., Ltd., has acquired the 80-key Coogee Sands Lodge & Residences in Sydney, Australia. It is identified the final acquisition and capital expenditure committed is roughly AUD100 million, translating to AUD1.25 million per key. The property affords a combine of guestrooms and residences ranging from Deluxe Studios to One-Bedroom Residences. Located in Coogee, a beachfront suburb roughly 15 minutes from Sydney’s central industry district and Sydney Airport, the resort sits right 20 metres from Coogee Seaside. The property is at the 2nd closed and present process renovation and reposition, focusing on to re-start in Q4 2026. The acquisition will assist because the seed asset for Expert-make investments’s broader urban lodging platform strategy eager with Australian gateway cities, with the group focusing on roughly AUD500 million in investments below the initiative.
Shama Hollywood Hong Kong Divested for HKD203.8 Million in Hong Kong
Hong Kong-basically basically based mostly Tai Hung Fai Endeavor Co. Ltd. (“THF”) has reportedly sold Shama Hollywood Hong Kong, a serviced space located at 52 Hollywood Boulevard in Central, Hong Kong, for roughly HKD203.8 million. The 12-storey property comprises 11 serviced condominium objects with a total spoiled flooring design of roughly 806 square metres (“sqm”), which interprets to roughly HKD18.5 million per key or HKD253,000 per sqm. Market sources indicated that the purchaser is a Southeast Asian investor desiring to attend the asset for long-term investment capabilities at an estimated condominium yield of roughly 2.9%. THF acquired the property in 2007 for roughly HKD76 million. Following a retaining duration of around 19 years, the transaction is identified to have generated a book income of shut to HKD128 million, reflecting a capital appreciation of roughly 1.7 times over the investment duration.
Tansei Kanko Sold Cairns Harbourside Lodge for AUD30 Million in Australia
Taisei Kanko Australia Pty Restricted, the Australian subsidiary of Japan-basically basically based mostly Taisei Kanko Co., Ltd. (“Taisei Kanko”), has sold the 173-key Cairns Harbourside Lodge in Queensland, Australia, for roughly AUD30 million, or around AUD173,400 per key. Previously working because the Vacation Inn Cairns, and earlier than that, as a Mercure-branded resort, the resort underwent repositioning and refurbishment earlier than reopening because the self ample Cairns Harbourside Lodge in 2024. The redevelopment expanded the property from roughly 100 rooms to 173 rooms. Located on a waterfront design of roughly 5,000 sqm overlooking Trinity Bay, the resort elements a swimming pool, spa, one restaurant and bar, and further than one assembly and performance areas. Whereas the consumer became as soon as undisclosed, it is identified that it is the an analogous buyer who sold the 174-key Mercure Townsville for AUD18.5 million in 2025. Taisei Kanko acquired the property in 1991 for AUD12 million. The investment rationale became as soon as also underpinned by deliberate infrastructure tasks in the placement, collectively with the proposed AUD1 billion-plus expansion of Cairns Clinic.
Shun Ho Property Announces HKD48.1 Million Off-Market Share Aquire-Aid
Hong Kong-listed Shapely Lodge Investments Restricted (“Shapely Lodge”), Shun Ho Property Investments Restricted (“Shun Ho Property”) and Shun Ho Holdings Restricted have collectively announced that Mercury Fast Restricted, a unconditionally-owned subsidiary of Shapely Lodge, has agreed to promote roughly 68.14 million Shun Ho Property shares support to the corporate via an off-market fragment purchase-support. The shares utter roughly 11.75% of Shun Ho Property’s issued fragment capital, and had been transacted at roughly HKD48.1 million. Upon completion, the repurchased shares will doubtless be held as treasury shares. Shapely Lodge is a subsidiary of Shun Ho Property, which Shapely Lodge owns extra than one Most attention-grabbing Western and Ramada Hotels in Hong Kong.
HVS is the sphere’s leading consulting and valuation services group eager with the resort, restaurant, shared ownership, gaming, and leisure industries. Established in 1980, the corporate performs extra than 4,500 assignments per year for nearly every predominant replace participant. HVS principals are design to be the leading mavens of their respective areas of the globe. By design of a worldwide community of over 50 offices staffed by 300 experienced replace mavens, HVS affords an unparalleled differ of complementary services for the hospitality replace. For further knowledge regarding our expertise and specifics about our services, please tear to www.hvs.com.
