Warburg Pincus to Acquire APG's Fleur Hotels Stake
Warburg Pincus will buy APG's 41% stake in Fleur Hotels and invest $106M for growth as Lemon Tree restructures into two platforms. Plus, more hotel deal and development news.
John Keel Holdings
Optimism High for Australia Growth, But Numbers Still Lag 2019
The World Travel & Tourism Council’s Cities Economic Impact Report showed travel and tourism’s direct contribution to Sydney, Melbourne and Perth’s GDP and jobs continues to rise.
KSL Capital Partners is among investors that are increasingly keen on acquiring hotels in remote destinations across Australia, New Zealand and the South Pacific.
A resort in the Blue Mountains that was closed during the pandemic has reopened its doors and has been listed for commercial sale following a multi-million renovation.
Marriott Plans Luxury Expansion Across APAC
Marriott International announced it expects to open 14 additional luxury properties in Asia Pacific by the end of 2023 . Marriott currently operates 156 luxury properties in the region.
Construction of the long-awaited resort at Kalgoorlie Golf Course in the city of Kalgoorlie-Boulder in Australia has finally begun.
PT Platnet Properindo Jaya Tbk will initiate the operation of Citi Hub Hotel, Kelapa Gading in Indonesia in 2023.