Sun Group and Changi Airports International have partnered to manage Phu Quoc International Airport, introducing Vietnam’s first "airport destination" model. The collaboration aims to elevate the site to 5-star international standards, featuring a new terminal and advanced smart technology. With a planned capacity of 24 million passengers annually, the project is designed to transform the airport into a hub for retail, dining and entertainment before APEC 2027.
Sun Group and Marriott International have signed a major agreement to develop 10 new hotels and resorts in Vietnam by 2030. The partnership will add nearly 4,500 rooms in Phu Quoc and Vung Tau, introducing brands like W Hotels and Moxy to the country. This expansion supports Vietnam's goal of becoming a top global destination and strengthens its infrastructure ahead of international events like APEC 2027.
Prologis and GIC have established a $1.6 billion joint venture to develop build-to-suit logistics facilities across the United States. The partnership starts with a 4.1 million square foot portfolio and aims to meet rising demand for custom distribution centres. By combining GIC's institutional capital with the development expertise of Prologis, the venture targets long-term growth in the North American industrial sector.
Marriott International is expanding its midscale presence in Europe through the debut of its Series by Marriott brand. The launch involves 11 new projects across the United Kingdom and Italy in partnership with Splendid Hospitality Group and Amapa Group. This move follows the global introduction of the collection brand in 2025. The new properties will focus on providing reliable and locally inspired accommodation for modern travellers.
Realty Income and Apollo have entered a $1.0 billion strategic partnership. Apollo will acquire a 49 per cent stake in a joint venture featuring 500 US retail properties. This deal forms the cornerstone of Realty Income’s new private capital initiative, providing a scalable source of equity independent of public markets. The arrangement has received permanent equity treatment from major rating agencies and is scheduled to close at the end of March.
Hilton has signed an exclusive franchise deal with YOTEL to expand its lifestyle hotel portfolio. YOTEL becomes the first brand under the "Select by Hilton" banner. While YOTEL remains independently managed, it will now gain access to Hilton’s global distribution and the Hilton Honors loyalty programme. This partnership allows both brands to grow efficiently while offering guests smart, tech-led urban accommodation in key cities worldwide.
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