Philippine property giant Megaworld has raised P5.6 billion from block sales of MREIT shares to fund its township development pipeline. The capital will back the next generation of recurring income assets ahead of a major fifth asset infusion. This incoming "Wave 5" expansion will add 303,500 square meters of gross leasable area, diversifying the real estate investment trust beyond offices into retail and hotels.
Vietnamese developer Sun Group and global hospitality giant Accor have signed a landmark agreement to expand their decade-long strategic partnership. The deal will add nearly 6,000 high-end hotel rooms and serviced apartments across Phu Quoc and Da Nang. Spanning mid-scale to luxury tiers, the expansion introduces several new lifestyle brands to Vietnam, significantly strengthening the country's premium tourism infrastructure ahead of major international events.
Rotana has signed a deal with Zawaya Properties Company to debut its branded residences segment in Saudi Arabia. Located in Makkah, the project will deliver 240 serviced hotel apartments within the SAR 26 billion Thakher development. The project targets growing demand from pilgrims and long-stay corporate travelers under the Saudi Vision 2030 tourism expansion strategy.
The Sharjah Investment and Development Authority (Shurooq) has chosen Minor Hotels to manage the Sharjah Collection, a regional portfolio of seven eco-focused boutique properties. The international operator will integrate the coastal, desert and mountain retreats into its luxury network after a series of upgrades, boosting global reach while protecting local heritage.
Ayala Land has increased its capital investment in the 320-hectare Lio Estate in El Nido, Palawan, to cater to growing demand for long-stay tourism and second homes. The expansion includes new transport links, a 3.7-kilometre boardwalk and a 16.3-hectare mixed-use district called Sitio Aplaya, while dedicating more than half of the coastal development to protected ecological zones.
Hyatt Hotels Corporation has officially opened Hyatt Place Jiaxing Nanhu, debuting the brand in the historic water town of Jiaxing, China. The new 241-room hotel expands Hyatt's presence in the Yangtze River Delta region, offering modern rooms, 24-hour dining and business amenities near South Lake.
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