AP Hospitality Bulletin Asia Pacific - June 2026

Research that matter.

We published the 13^th Hotel Operator Guide Asia Pacific!

• In the 13^th Edition, we have captured more than 1.6 million existing room supply and more than 80,000 pipeline supply. Our analysis covers 38 operators across 37 countries and regions in Asia Pacific.
• The excerpt of 13^th Hotel Operator Guide (HOG) is available here and the full HOG with details on each operator is available for purchase for US$500. Please contact info@ap-ha.com for more details.

Transactions that matter.

IGC Tianhui Plaze + Conrad Guangzhou

The two Chinese real estate giants, R&F properties and KWG Group, announced that they are selling their entire stakes (33.3% each) for IGC Tianhui Plaza together with the 309-key Conrad Guangzhou due to their prolonged financial distress dating back to 2021. The property is located in a prime commercial area in Guanzhou’s Zhujiang New Town and spans roughly with a GFA of 459,500m². This deal will give the buyer, Sung Hung Kai - one of Hong Kong-s largest real estate developers, the full ownership with the purchase price of US$47.2 million (RMB320 million) for the remaining stakes.

Four Points by Sheraton Seoul Guro

The 202-key Four Points by Sheraton Seoul Guro has been acquired by Marston Investment Management Co Ltd., a Korea based asset manager, at a price of US$56.7 million (KRW86.0 billion) or US$280,000 (KRW425.7 million) per key. Furthermore, the Korea hotel market remains very active as several transactions completed recently, such as the 576-key Voco Seoul Myeongdong for KRW639 million per key and the 375-key Four Points by Sheraton Josun Seoul Myeongdong for KRW650 million per key.

Orchid Hotel Singapore

Master Contract Services, a Singapore-based construction firm linked with Singapore’s property investor Leow Ban Leong, has partnered up with Westmont Hospitality Group to acquire the 272 key Orchid Hotel Singapore located in the CBD of Singapore. Westmont is expected to act as the asset manager for the property following the completion of the transaction. The property is reportedly selling for US$213.6 million (SG$273 million) or US$785,000 (SG$1 million) per key. It will be interesting to see which brand they will chose!