China's first USD 1.6 billion Atlantis Resort, the third Atlantis resort, has opened on Hainan Island.
In key markets such as Beijing and Shanghai, JLL expects RevPAR (revenue per room) to increase between three and four percent in the next few years.
Public Investment Fund is buying a stake alongside Singapore’s state-owned GIC Pte, French asset manager Amundi SA and U.S. real estate investment trust Colony NorthStar.
Hilton posted a 7.6% RevPAR climb in Q4 from Asia Pacific as it benefited from addition of more hotels in China, while rival Marriott said its China RevPAR grew 9.1% in the quarter.
Almost 50% of hotel rooms will be unoccupied during Lunar New Year month.
Duetto has closed an $80 million Series D round in funding, the round was led by funds affiliated with private equity firm Warburg Pincus.
The B2B2C approach helps hotels to increase revenue and guest satisfaction, and make travelers spend more time in hotel.
China updated its list of "sensitive sectors" on February 11 for outbound investment in properties, hotels, cinemas, entertainment, sports clubs and equity investment funds.
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