The Park Hyatt Tokyo, Asia’s first establishment under the brand, has completed a landmark 19-month, property-wide restoration. Announced on 9th of December by Hyatt Hotels Corporation, the project was led by Paris-based design studio Jouin Manku and marks the most extensive renewal in the iconic hotel’s 30-year history. The work spans 171 redesigned guestrooms and suites, restored public spaces, and elevated dining offerings including the new Girandole by Alain Ducasse.
Cross Hotels & Resorts is set to be acquired by Sono International Co. Ltd., a leading South Korean hospitality group. The move combines Cross’s lifestyle and luxury hotel expertise with Sono’s regional knowledge and operational strengths. With 28 properties across Thailand, Indonesia, Vietnam, and Japan, the partnership positions the brand for further expansion across Asia.
Aquilius Investment Partners has closed its AIP Secondary Fund II with US$750 million in commitments, exceeding its US$700 million target, part of a total US$1.1 billion raised across associated vehicles. The fund focuses on LP- and GP-led transactions in Asia Pacific’s ‘new economy’ sectors, deploying half its commitments across eight transactions while attracting leading global institutional investors.
Hyatt Hotels Corporation and Homeinns Hotel Group have signed a master franchise agreement to launch 50 Hyatt Studios hotels across China’s emerging cities. The collaboration expands Hyatt’s upper-midscale footprint and reinforces its long-term growth strategy in one of its key global markets.
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