IHG to Expand Garner Brand into Southeast Asia
Skift Take
IHG has launched Garner Hotels in Southeast Asia. Plus a report on Asia Pacific's transaction market and Thailand's new law on accommodations.
Global Asset Solutions’ Asia-Pacific Hotels Transaction & Market Snapshot for full-year 2024 and the first half of 2025 showed that luxury and upscale assets accounted for almost 85% of the total hotel investment in the Asia-Pacific region. An increase in liquidity, driven by the strong dollar, helped bolster deals. For all hotel deals exceeding $20 million, the total transaction volume in the region during 2024 reached $11.2 billion, with 139 transactions. The study showed Japan was the most in-demand hotel market, with a weak yen and near-zero interest rates, resulting in the country accounting for over $4 billion in hotel transaction volume, nearly 40% of the total for the year. The 882-room Grand Nikko Tokyo Daiba, purchased by a consortium led by TPG Angelo Gordon and Kenedix, was the biggest transaction at about $US695 million. Hotel transaction activity in APAC remained resilient but moderated in the first half of 2025, reaching just over $5 billion across 56 de
