Browns Investments sells Barceló Whale Lagoon Maldives for $57.5 million
Sri Lankan conglomerate Browns Investments PLC (BIL) has announced an agreement to sell the assets and business of the Barceló Whale Lagoon Maldives Resort for USD 57.5 million. The sale was made by BIL’s subsidiary, Browns Ari Resort (Private) Limited, to ASB Hotel Properties Maldives Private Limited. The transaction is subject to standard conditions, including […]
JLL presents Konotta Island for acquisition
JLL’s Hotels & Hospitality Group has announced it is exclusively presenting the Konotta Island resort for acquisition. The property, located in the Gaafu Dhaalu Atoll, is being offered with vacant possession, providing the new owner with the flexibility for rebranding and new management. The resort comprises 31 beachfront villas and 22 overwater villas, in addition […]
AccorHotels continues expansion with acquisition of Fairmont, Raffles and Swissôtel
AccorHotels announced yesterday the signing of an agreement to acquire FRHI Holdings Ltd (FRHI), parent of Fairmont, Raffles, and Swissôtel.
Trophy assets drive investment activity in Asia Pacific in 2015, say JLL
The number of trophy hotel assets changing hands in Asia Pacific has surged in 2015, according to JLL’s Hotels & Hospitality Group.
