HVS Asia Pacific Resort Transactions Bulletin Week Ending 13 March 2026
Recordsdata – Asia Pacific Resort Transactions
HVS
In Brief: HVS stories on key resort gross sales and funding task accurate by Asia Pacific for the week ending 13 March 2026.
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BAM Acquires Sofitel Queenstown Resort & Spa in Unusual Zealand – Describe Credit score Accor
One REIT Funding Company Acquires Five Accommodations for JPY25.2 Billion in Japan
Japan-based One REIT Funding Company is shopping six accurate property property in Japan (five accommodations and one space of enterprise) for a complete of JPY29.9 billion. The resort factor, comprising five property with a blended acquisition tag of roughly JPY25.2 billion, entails 63-key Quintessa Resort Sapporo Susukino Relax & Spa in Hokkaido for JPY4.02 billion, 49-key Quintessa Resort Kagoshima Tenmonkan Relax & Sleep in Kagoshima for JPY1.76 billion, 77-key Quintessa Resort Fukuoka Hakata Relax & Sleep in Fukuoka for JPY4.18 billion, 73-key The Hedistar Resort Narita in Tokyo for JPY4.77 billion, 189-key DoubleTree by Hilton Naha Shuri Castle in Okinawa for JPY10.46 billion. For the time being, One REIT’s portfolio comprises 29 property with a complete asset price of roughly JPY141 billion.
BAM Acquires Rydges Wellington and Sofitel Queenstown Resort & Spa in Unusual Zealand
US-based global different asset supervisor, Brookfield Asset Management (“BAM”), has obtained two accommodations in Unusual Zealand — the 280-key Rydges Wellington and the 84-key Sofitel Queenstown Resort & Spa — from Unusual Zealand-based NZ Resort Holdings (“NZHH”), a three scheme partnership with NZ Mountainous Fund, Russell Property Group and Lockwood Property Group. It is known that BAM will make investments NZD250 million in the acquisition and repositioning of the 2 accommodations. Located in the capital city of Wellington, Rydges Wellington presents companies at the side of a restaurant and bar, swimming pool, spa and sauna, health centre, and conference companies. Meanwhile, Sofitel Queenstown Resort & Spa is positioned in the in vogue resort destination of Queenstown and parts two meals and beverage outlets, a spa, health companies, and meeting companies. The acquisition additional expands Brookfield’s hospitality portfolio in the Asia Pacific space, following its acquisition of 146-key Resort X Brisbane for AUD58 million in 2024 and the mixed-exercise 60-key Resort Gajoen Tokyo complex in 2025. NZHH obtained Sofitel Queenstown for NZD60 million in 2020, and Rydges Welington for NZD100 million in 2021.
60 West Resort Equipped for HKD431 Million in Hong Kong with Deliberate Pupil Housing Conversion
Soul Three Restricted, a firm linked to Hong Kong-based private equity company, Gate3 Capital Restricted, has obtained a property in 60-64 Des Voeux Avenue West in Sheung Wan for HKD431 million. The vendor is known to be from a prolonged-established Chan family in Hong Kong, who obtained the positioning in 1964 for HKD450,000 and redeveloped the contemporary constructing in 1977. The asset occupies a 357 sq. metre (“sqm”) plan and comprises a 22-storey constructing with a complete injurious ground space of roughly 5,328 sqm, translating to HKD80,900 per sqm. The property comprises the 60-key 60 West Resort accurate by Phases 3–17, and other retail and space of enterprise areas on the opposite ranges. Located roughly 10 minutes some distance from Sheung Wan and Sai Ying Pun MTR Stations, the property parts a fitness center and a lounge. Essentially based utterly totally on the resort factor, the transaction tag interprets to roughly HKD7.2 million per key. Market sources indicate the purchaser intends to remodel the property accurate into a scholar lodging asset for self-operation.
9 Tree by Parnas Seoul Dongdaemun Equipped for KRW81 Billion in South Korea
South Korea–based accurate property owner and developer, Shinhan Seobu T&D REIT Co., Ltd (“Shinhan REIT”), has reportedly chosen a purchaser for the 219-key 9 Tree by Parnas Seoul Dongdaemun for KRW81 billion, with the purchaser understood to be a high-rep-price individual. The transaction displays a tag of roughly KRW370 million per key. Shinhan REIT obtained the property in 2023 for KRW54 billion, and the predicted sale represents an estimated KRW27 billion save. The resort parts companies at the side of a restaurant, lounge, and a self-service laundrette. Located at 224 Eulji-ro in Seoul, the Property is a five-minute tear from Dongdaemun Ancient past & Culture Park Living, which is served by metro traces 2, 4, and 5. The resort is moreover within a ten-minute tear of in vogue sights such because the Dongdaemun Making an try Centre and Dongdaemun Make Plaza.
Quest Bendigo and Quest Bendigo Central Equipped in Portfolio Deal in Victoria Australia
Two aparthotels in Bendigo, the fourth-ideal city in Victoria, Australia, specifically the 38-key Quest Bendigo and the 60-key Quest Bendigo Central, had been supplied in a portfolio transaction to first-time operators. The properties are positioned roughly five kilometres apart and within an eight-minute force of 1 one more. Both accommodations honest beneath Singapore-based The Ascott Restricted’s Quest franchise and are anticipated to gain pleasure from operational and marketing and marketing synergies beneath traditional ownership. Collectively, the properties generated rep income of over AUD1.2 million in fiscal year 2025, with occupancy ranges reported to be a superb deal elevated than Melbourne’s realistic of spherical 70%. The transaction is known to repeat a top class of roughly 10% over historical capitalisation charges. Bendigo is known for its rich cultural heritage, relationship support to the 1851 gold bound, and nowadays supports a numerous economy with key industries at the side of manufacturing and tourism. Both properties are positioned alongside the Midland Toll road and are within a three-minute tear of nearby bus stops served by Bus Route 5 (Huntly), which presents connectivity to Bendigo Railway Living.
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