Hyatt Hotels Corporation has signed a major master franchise agreement with Dossen Group to launch the Hyatt Select brand in the Chinese mainland. This strategic partnership focuses on the upper-midscale sector, combining Hyatt’s international reputation with Dossen’s extensive local network. The move aims to meet rising demand for affordable quality among modern travellers while providing flexible, high-value development opportunities for hotel owners across the region.
ESR has partnered with two Chinese insurance giants to establish a RMB 1.6 billion income fund focused on prime logistics assets. The deal involves the recapitalisation of two multi-storey industrial properties in Shanghai and Suzhou, totalling 320,000 square metres. By retaining management of the portfolio, ESR continues its capital recycling strategy while meeting the high demand from domestic institutional investors for modern supply chain infrastructure.
Vietnam’s Sun Group has entered a US$2.3 billion strategic partnership with Chinese design firm Gold Mantis. The deal focuses on high-end interior architecture and technology for major national works. A primary objective is the development of infrastructure for the APEC 2027 Conference in Phu Quoc. This collaboration aims to bring international design standards and advanced building information modelling to Vietnam’s burgeoning construction sector.
The Ascott Limited achieved a record-breaking 2025 by signing 19,000 units across 102 new properties. This 27 per cent year-on-year growth saw the company expand into 10 new cities including Taipei and Wellington. The firm is focusing on an asset-light model with a heavy emphasis on resort signings and property conversions. Ascott now operates or is developing over 1,000 properties globally as it nears its S$500 million fee income target.
JW Marriott, part of Marriott Bonvoy’s portfolio, has announced a distinctive collaboration with Finnish design house Marimekko across Greater China as part of its "Stay in the Moment" campaign. The partnership integrates Marimekko’s joyful artistry with JW Marriott’s mindful luxury approach through a series of immersive guest experiences. These experiences include "Blissful Stay"-themed rooms and suites, pop-up installations, collaborative afternoon teas, and artisanal workshops across nine JW Marriott properties in cities including Shanghai and Hong Kong.
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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