IHG Hotels & Resorts has officially launched its Garner by IHG brand in Southeast Asia with the opening of the 153-room Garner Hotel Pattaya Central in Thailand. The brand focuses on delivering quality, affordable and "easy going stays" in central locations. Situated in the heart of Pattaya, the hotel is a two-hour drive from Bangkok and is steps away from Pattaya Beach and major shopping malls like Terminal21.
Hongkong Land Holdings Limited is advancing its corporate strategy with the upcoming launch of the Singapore Central Private Real Estate Fund (SCPREF). Expected to become Singapore’s largest with an AUM exceeding S$8 billion at launch, SCPREF will focus exclusively on managing prime commercial assets in the city-state.
Real Finance, a Layer-1 blockchain network focused on the tokenisation of real-world assets (RWAs), has raised a total of $29 million in private funding. The capital includes a $25 million commitment from Nimbus Capital and a $4 million private round led by Magnus Capital. The financing is a major step in the company's strategy to expand its compliance-ready infrastructure and accelerate the onboarding of institutional financial partners.
Romania has announced the Dracula Land project concept, a private investment exceeding €1 billion aimed at creating the largest entertainment, retail, and technology destination in Europe. The 160-hectare site, located near Bucharest and Otopeni Airport, is a collaboration between Romanian investors Dragoş Dobrescu and George Toader and international partners.
One United Properties (BVB: ONE) has signed a preliminary sale agreement for a 34,800 sqm plot of land in Constanţa, accelerating its strategic expansion outside Bucharest into Romania’s key regional cities. The land, located on the Black Sea coast in the Faleză Nord-Pescărie area, will be the site of a new mixed-use development with an estimated gross development value of approximately EUR 500 million.
Archer Aviation (NYSE: ACHR) has completed the first phase of its acquisition of control over Hawthorne Airport, a key Los Angeles aviation asset. This initial step involves the acquisition of the master lease and associated subleases, giving the company control of the airport's real estate. Archer plans to use the 80-acre site as the operational hub for its planned L.A. air taxi network, including operations for the LA28 Olympic & Paralympic Games.
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