HVS Asia Pacific Hospitality Newsletter - Week Ending 5 December 2025

CDL Acquires Holiday Inn London – Kensington for GBP280 Million in United Kingdom

Copthorne Hotel Holdings Limited, a wholly owned subsidiary of Singapore-based City Developments Limited (“CDL”) has acquired 706-key Holiday Inn London - Kensington for GBP280 million from UK-based Cola Holdings. This translates to approximately GBP396,600 per key. The freehold property occupies a 6,356 square metres (“sqm”) site and offers three F&B outlets, a swimming pool, fitness centre, spa and thirteen meeting and event spaces. Situated at Scarsdale Place, it is a 2-minute walk from Kensington High Street and a 4-minute walk from High Street Kensington tube station. The newly acquired property is located just next to the 833-key Copthorne Tara Hotel London Kensington, which is operated by Millennium & Copthorne Hotels Limited. With this acquisition, CDL’s hotel portfolio in London will grow to more than 3,000 rooms.

 SingLand Consolidates Ownership of Marina Square Land Parcel with SGD99.1 Million Acquisition, Singapore

Singapore Land Group Limited (“SingLand”), through its indirect subsidiary Marina Residential Development Pte Ltd (“MRD”), has acquired a 3,992 square metres ("sqm") land parcel at 6 Raffles Boulevard for approximately SGD99.1 million. The site forms part of the 92,197.3 sqm Marina Square complex, which includes the 790-key Pan Pacific Singapore, 583-key Parkroyal Collection Marina Bay, 510-key Mandarin Oriental Singapore, and Marina Square Shopping Mall. The transaction involved four separate sale-and-purchase agreements with existing stakeholders: Singapore-based Marina Centre Holdings Pte Ltd and its wholly owned subsidiary Aquamarina Hotel Pte Ltd, along with other affiliated SingLand entities. The deal consolidates ownership of the parcel under MRD. This strategic acquisition is aligned with Singland’s broader redevelopment plan to transform Marina Square into Singapore’s first “hyper-mixed development.” The envisioned master plan includes three new towers: a serviced apartment block, a residential tower, and a mixed-use tower comprising hospitality, office, and entertainment spaces. In addition, the existing green space over Stamford Canal is slated for conversion into a 6,500 sqm public park equipped with event facilities.

 JPR Acquired a Portfolio of Assets in Japan including Two Hotels for JPY31.91 Billion

Japan-based Japan Prime Realty Investment Corporation (“JPR”) has announced the acquisition of a portfolio of assets in Japan for JPY31.91 billion. The transaction includes two hotels, which the larger transaction comprises Grand Front Osaka, a major mixed-use complex in Osaka that includes Umekita Plaza as well as the South and North Buildings for JPY17.2 billion. The North Building houses the 272-key InterContinental Hotel Osaka, positioned from Levels 21 to 32 of the tower and offering five food-and-beverage outlets, a club lounge, an indoor swimming pool, a Japanese bathhouse, a fitness centre, a spa and four meeting and event spaces. The second acquisition covers the 125-key Hotel Gracery Asakusa in Tokyo for JPY6.7 billion, translating to approximately JPY53.6 million per key. The property occupies a 694 sqm site with a total gross floor area of 3,668 sqm and features a restaurant. Conveniently located in Asakusa, it is a two-minute walk from the Toei Subway Asakusa Line and a five-minute walk from the Tokyo Metro Ginza Line.

 Koh Samui’s Impiana Resort Chaweng Noi Sold, Thailand

The 96-key Impiana Resort Chaweng Noi in Koh Samui, Thailand, has been sold for an undisclosed sum. The property is managed by Impiana Hotels & Resorts Management Sdn Bhd, the hospitality arm of Malaysia-based Magma Group Bhd. Located along the eastern coast’s popular Chaweng Beach, the resort is approximately a 15-minute drive from Samui International Airport. Hotel facilities include two outdoor swimming pools, a fitness centre, meeting and event spaces, and three food and beverage outlets. In addition, the surrounding area offers a wide range of amenities and activities, including retail shops, massage parlours, and water sports. This is the second Koh Samui hotel transaction in 2025, after the 68-key Belmond Napasai transaction.

 Ichigo lastInc. Expands Osaka Portfolio with Acquisition of Two “the b” Hotels in Minami, Japan

Japan-based Ichigo Inc., through its subsidiary Ichigo Jisho Inc. (“Ichigo Jisho”), has acquired two hotels in Osaka for an undisclosed sum. Both assets operate under “the b” brand and are located in one of Osaka’s most vibrant downtown areas, known for its entertainment, shopping, and dining attractions, including the famed Dotonbori area. The first property, the b Namba Kuromon, is a 173-key hotel completed in 2018, located a two-minute walk from Nippombashi Station, which is serviced by the Kintetsu-Nara, Sakaisuji, and Sennichimae lines. The second asset, the b Osaka Shinsekai, offers 222 keys and was built in 2021. Situated near Tennoji Zoo and within walking distance of the Shinsekai Market and Tsutenkaku observation deck, the hotel is a four-minute walk from Dobutsuen-Mae Station on the Midosuji and Sakaisuji lines. Both hotels feature launderettes, with the b Osaka Shinsekai also offering an onsite restaurant.