In Transient: HVS experiences on key resort gross sales and funding exercise throughout Asia Pacific for the week ending 13 March 2026.
BAM Acquires Sofitel Queenstown Lodge & Spa in New Zealand – Picture Credit score Accor
One REIT Funding Company Acquires 5 Inns for JPY25.2 Billion in Japan
Japan-based One REIT Funding Company is buying six actual property property in Japan (5 resorts and one workplace) for a complete of JPY29.9 billion. The resort element, comprising 5 property with a mixed acquisition value of roughly JPY25.2 billion, consists of 63-key Quintessa Lodge Sapporo Susukino Chill out & Spa in Hokkaido for JPY4.02 billion, 49-key Quintessa Lodge Kagoshima Tenmonkan Chill out & Sleep in Kagoshima for JPY1.76 billion, 77-key Quintessa Lodge Fukuoka Hakata Chill out & Sleep in Fukuoka for JPY4.18 billion, 73-key The Hedistar Lodge Narita in Tokyo for JPY4.77 billion, 189-key DoubleTree by Hilton Naha Shuri Fort in Okinawa for JPY10.46 billion. At the moment, One REIT’s portfolio includes 29 property with a complete asset worth of roughly JPY141 billion.
BAM Acquires Rydges Wellington and Sofitel Queenstown Lodge & Spa in New Zealand
US-based world different asset supervisor, Brookfield Asset Administration (“BAM”), has acquired two resorts in New Zealand — the 280-key Rydges Wellington and the 84-key Sofitel Queenstown Lodge & Spa — from New Zealand-based NZ Lodge Holdings (“NZHH”), a three way partnership with NZ Tremendous Fund, Russell Property Group and Lockwood Property Group. It’s understood that BAM will make investments NZD250 million within the acquisition and repositioning of the 2 resorts. Situated within the capital metropolis of Wellington, Rydges Wellington provides amenities together with a restaurant and bar, swimming pool, spa and sauna, health centre, and convention amenities. In the meantime, Sofitel Queenstown Lodge & Spa is located within the fashionable resort vacation spot of Queenstown and options two meals and beverage retailers, a spa, health amenities, and assembly amenities. The acquisition additional expands Brookfield’s hospitality portfolio within the Asia Pacific area, following its acquisition of 146-key Lodge X Brisbane for AUD58 million in 2024 and the mixed-use 60-key Lodge Gajoen Tokyo complicated in 2025. NZHH acquired Sofitel Queenstown for NZD60 million in 2020, and Rydges Welington for NZD100 million in 2021.
60 West Lodge Offered for HKD431 Million in Hong Kong with Deliberate Scholar Housing Conversion
Soul Three Restricted, an organization linked to Hong Kong-based non-public fairness agency, Gate3 Capital Restricted, has acquired a property in 60-64 Des Voeux Street West in Sheung Wan for HKD431 million. The vendor is known to be from a long-established Chan household in Hong Kong, who acquired the positioning in 1964 for HKD450,000 and redeveloped the present constructing in 1977. The asset occupies a 357 sq. metre (“sqm”) web site and includes a 22-storey constructing with a complete gross flooring space of roughly 5,328 sqm, translating to HKD80,900 per sqm. The property includes the 60-key 60 West Lodge throughout Ranges 3–17, and different retail and workplace areas on the opposite ranges. Situated roughly 10 minutes away from Sheung Wan and Sai Ying Pun MTR Stations, the property incorporates a gymnasium and a lounge. Based mostly on the resort element, the transaction value interprets to roughly HKD7.2 million per key. Market sources point out the client intends to transform the property right into a pupil lodging asset for self-operation.
9 Tree by Parnas Seoul Dongdaemun Offered for KRW81 Billion in South Korea
South Korea–based mostly actual property proprietor and developer, Shinhan Seobu T&D REIT Co., Ltd (“Shinhan REIT”), has reportedly chosen a purchaser for the 219-key 9 Tree by Parnas Seoul Dongdaemun for KRW81 billion, with the purchaser understood to be a high-net-worth particular person. The transaction displays a value of roughly KRW370 million per key. Shinhan REIT acquired the property in 2023 for KRW54 billion, and the anticipated sale represents an estimated KRW27 billion achieve. The resort options amenities together with a restaurant, lounge, and a self-service laundrette. Situated at 224 Eulji-ro in Seoul, the Property is a five-minute stroll from Dongdaemun Historical past & Tradition Park Station, which is served by metro strains 2, 4, and 5. The resort can be inside a ten-minute stroll of fashionable points of interest such because the Dongdaemun Procuring Centre and Dongdaemun Design Plaza.
Quest Bendigo and Quest Bendigo Central Offered in Portfolio Deal in Victoria Australia
Two aparthotels in Bendigo, the fourth-largest metropolis in Victoria, Australia, particularly the 38-key Quest Bendigo and the 60-key Quest Bendigo Central, have been bought in a portfolio transaction to first-time operators. The properties are situated roughly 5 kilometres aside and inside an eight-minute drive of one another. Each resorts function below Singapore-based The Ascott Restricted’s Quest franchise and are anticipated to learn from operational and advertising and marketing synergies below widespread possession. Collectively, the properties generated web revenue of over AUD1.2 million in fiscal yr 2025, with occupancy ranges reported to be considerably greater than Melbourne’s common of round 70%. The transaction is known to replicate a premium of roughly 10% over historic capitalisation charges. Bendigo is thought for its wealthy cultural heritage, courting again to the 1851 gold rush, and at this time helps a various financial system with key industries together with manufacturing and tourism. Each properties are situated alongside the Midland Freeway and are inside a three-minute stroll of close by bus stops served by Bus Route 5 (Huntly), which gives connectivity to Bendigo Railway Station.
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