HVS Asia Pacific Resort Transactions Bulletin Week Ending 24 April 2026
In Short: HVS experiences on key resort sales and funding exercise all over Asia Pacific for the week ending 24 April 2026
IGIS Divests Two Co-Dwelling Assets for KRW111.5 Billion in South Korea
South Korea-primarily based mostly Hyundai HAIM Asset Management has partnered with US-primarily based mostly TPG Angelo Gordon to create the 177-key Mangrove Dongdaemun and 311-key Mangrove Sinseol in Seoul from the Mangrove co-dwelling portfolio being divested by South Korea-primarily based mostly IGIS Asset Management (“IGIS”). The 2 sources had been got for a blended consideration of KRW111.5 billion, reflecting roughly KRW228.5 million per key. Mangrove Sinseol sits on a 902.8 square metres (“sqm”) role with a total bad flooring field (“GFA”) of 11,588.9 sqm all over six basement phases and 20 storeys above flooring, whereas Mangrove Dongdaemun occupies a 653.1 sqm role with a total GFA of 5,967.0 sqm, spanning three basement phases and 16 storeys above flooring. The recent homeowners invent no longer intend to renew the unique rent upon expiry and are expected to detect repositioning the sources support into resort exercise below an world stamp.
Centurion Enters Key Worker Accommodation Market in Australia with an AUD45 Million Acquisition
Singapore-primarily based mostly Centurion Corporation Dinky (“Centurion”) has entered the predominant employee accommodation segment with the acquisition of an asset in Karratha, Western Australia, for AUD45 million. The asset entails 93-key Velocity Village, which serves as a employee accommodation facility, and 135-key Velocity Motel & Bistro, which presents single-occupancy rooms for managerial workers and company customers. On-role amenities for the latter encompass a cafe, bar, convention rooms, swimming pool, and fitness centre. This transaction marks Centurion’s growth correct into a brand recent adjoining segment beyond its present just-constructed employee accommodation and student accommodation platforms.
GPIF Invests JPY10 Billion in Real Estate Fund Managed by Phoenix
Japan-primarily based mostly Government Pension Funding Fund (“GPIF”) has dedicated JPY10 billion to a Japan-centered true property fund managed by Hong Kong-primarily based mostly Phoenix Property Traders (“Phoenix”) for a duration of eight years. The strategy targets home sources all over sectors, in conjunction with administrative center, condo housing, logistics, and hospitality, primarily in Tokyo and Osaka. Phoenix, which has been investing in Japan for over two a long time, maintains an on-the-flooring presence in Tokyo and manages a assorted regional platform spanning more than one Asian cities. Phoneix currently owns a resort portfolio all over Tokyo, Kyoto, Sapporo, and Okinawa in Japan. The allocation kinds share of GPIF’s ongoing push into externally managed true property solutions, reflecting persisted institutional confidence in Japan’s true, earnings-producing property market.
CAG Introduces New Non-public Terminal at Terminal 2 in Singapore
Singapore-primarily based mostly Changi Airport Group (“CAG”) has introduced plans to introduce a brand recent deepest terminal and lengthen amenities cluster at Terminal 2, centered for completion by mid-2027. The advance will comprise the redevelopment of the aged JetQuay CIP terminal correct into a just-constructed facility comprising deepest suites, dedicated lounges, eating amenities, and tournament areas. The project will additionally lengthen the unique Hub & Spoke precinct correct into a better integrated amenities cluster. Enhancements will encompass additional meals and beverage offerings, wellness and daily life amenities, as successfully as a covered amphitheatre and exterior tournament plaza to enhance programmed activities and public engagement. The recent terminal will doubtless be jointly operated by CAG and Hong Kong-primarily based mostly Plaza Premium Group.
Pegasus Capital Sold Two Kyoto Motels in Japan
Japan-primarily based mostly PEG Capital Advisors (“Pegasus Capital”) has sold two Kyoto Motels to an unnamed world hospitality conglomerate. While the sold resort name was no longer disclosed, Pegasus got six hotels in Kyoto in 2021 and 2023, namely the 24-key Wayfarer Gojo, 20-key Wayfarer Shin, 38-key Wayfarer Shijo, 216-key Kabin Machi, 19-key ORI Rokkaku, and 28-key ORI Kyoto. The blended bad flooring field of the six hotels is 13,291.56 sqm. Pegasus Capital will proceed to deploy and redeploy capital for the Pegasus Opportunistic III Fund for utterly different funding opportunities.
HVS is the area’s leading consulting and valuation services organization centered on the resort, restaurant, shared possession, gaming, and leisure industries. Established in 1980, the company performs higher than 4,500 assignments per one year for with reference to every foremost replace participant. HVS principals are regarded as as the leading mavens in their respective regions of the globe. By a worldwide community of over 50 workplaces staffed by 300 experienced replace mavens, HVS presents an unparalleled range of complementary services for the hospitality replace. For further info relating to our experience and specifics about our services, please take a look at with www.hvs.com.
