Singapore's Resorts World Sentosa will open The Laurus, a 183 all-suite hotel tied up with Marriott International. Plus more hotel deals and development news.
Developers in the Philippines are shifting focus to branded residences due to their growing market potential, with luxury villas and larger condos expected to dominate key areas like Bonifacio Global City, Cavite, Bohol, and Palawan.
Minor International plans to reduce $7 billion in liabilities by launching a real estate investment trust, while expanding its global hospitality portfolio, including new ventures in Japan and Singapore.
Fosun International was reported by Reuters to be exploring the sale of a minority stake in Club Med, targeting a valuation of US$800 million for the whole business. Reuters said Fosun has been in discussions informally with potential buyers and advisors about the sale but no firm bid has emerged.
Wyndham Grand debuts in Kuala Lumpur and Hilton's Curio Collection enters India, while Hotel Indigo Sydney Potts Point launches after a significant refurbishment.
Hyatt and IHCL plan extensive expansions in India, while Genting invests in Sentosa.
The Westin Tokyo undergoes a major makeover, and Candeo Hotels integrates a historic temple in Osaka.