Chengdu has the greatest number of projects in China's total hotel construction pipeline, with 25,331 rooms under construction. Outside of China, India has the most hotel rooms under development (99,195 rooms) in Asia Pacific.
Prestige Hospitality Ventures Limited received the Securities and Exchange Board of India's approval for its initial public offering. And more hotel and development news from Asia Pacific.
Bloomberg reported that Japan’s Seibu Holdings is close to signing a deal to acquire the eight-property Ace hotel brand. Will it sell for about $85 million? Read about that and other hotel development deals and news.