Weekly Lodge Business Asia Pacific Information Roundup from HVS
M&G Acquires 25.3% Stake in Conrad Seoul, South Korea for KRW49.8 Billion
M&G Actual Property (“M&G”), property funding arm of UK-based international funding supervisor, M&G, appearing on behalf of a individually managed account, has acquired a 25.3% stake in 434-key Conrad Seoul in Seoul, South Korea, for KRW49.8 billion. Located in Yeouido, Seoul’s monetary enterprise district, the property gives a spa, health membership, an indoor swimming pool, an government lounge, 5 meals and beverage venues, and eighteen conferences room spanning a complete of two,545 sq. metres. Following the acquisition, M&G plans to refine room configurations and redevelop occasion areas to maximise income potential. Conrad Seoul was beforehand acquired by ARA Korea, a subsidiary of Singapore-based ARA Asset Administration Restricted for about KRW400 billion in June 2024. With this newest transaction, M&G’s property beneath administration in South Korea have risen to roughly USD3 billion as of February 2025.
HVHR Acquires Crown Regency Serviced Suites in Kuala Lumpur, Malaysia
Malaysia-based Vacation Villa Accommodations & Resorts Sdn Bhd (“HVHR”) has acquired 82% of the strata items on the 90-key Crown Regency Serviced Suites in Kuala Lumpur, Malaysia, from a single vendor for an undisclosed sum. The remaining items are individually owned. The 31-storey freehold property incorporates a swimming pool, hair salon, health centre, enterprise centre, self-service laundrette, and three assembly rooms. It’s conveniently positioned inside a five-minute stroll of Monorail Bukit Nanas Station and LRT KLCC Station. Following the acquisition, the property will probably be rebranded as Vacation Villa Lodge and Residence Kuala Lumpur and is ready to open later this yr.
Mapletree Offered Oakwood Suites Yokohama in Kanagawa, Japan
Singapore-based Mapletree Investments Pte Ltd (“Mapletree”) has bought its serviced house asset, Oakwood Suites Yokohama, for an undisclosed sum. This 175-unit property, which opened in November 2020, occupies the forty sixth to 51st flooring of The Tower Kitanaka, Yokohama’s tallest and largest residential advanced. Positioned above Bashamichi Station on the Minato-Mirai Subway line, Oakwood Suites Yokohama gives easy accessibility to shops, eating venues, and key sights similar to Yamashita Park and Chinatown. The property incorporates a residents’ lounge, a 24-hour health middle, and a restaurant.
AB Capital Companions with Kenedix To Purchase Lodge Urakusatsu Tou in Gunma, Japan
Hong Kong-based fund supervisor, AB Capital Funding Restricted (“AB Capital”), has partnered with Kenedix Inc. (“Kenedix”), the asset administration unit of Japan-based Sumitomo Mitsui Finance and Leasing Co., Ltd., to amass Lodge Urakusatsu Tou for an undisclosed quantity. This acquisition marks AB Capital’s ninth resort buy in Japan, following the acquisition of the 219-key Ai Lodge Keikyu Kamata-ekimae in 2024. The 56-key property underwent intensive renovations in 2022. Positioned roughly two hours by practice from Tokyo, the resort is located in Kusatsu Onsen, considered one of Japan’s premier sizzling spring locations. The resort options each indoor and out of doors non-public onsen baths, together with a rooftop tub with panoramic views of the encircling mountains and sky, 4 meals and beverage shops, and a resident lounge.
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