Season’s Greetings
HVS wishes everyone a joyful Christmas 2024 and a wonderful New Year 2025!
Please note that there will be no newsletter for two weeks i.e. 27 December 2024 and 3 January 2025.
We sincerely thank you for your support throughout 2024 and look forward to working with you in the coming year.
Mandarin Oriental and Marriott Acquire Luxury Homes Portfolio and Postcard Cabins, Respectively
Hong Kong-based Mandarin Oriental Hotel Group (“Mandarin Oriental”) has secured full ownership of its branded luxury vacation homes, rebranding the collection as Mandarin Oriental Exceptional Homes. The portfolio includes 25 carefully selected villas and mansions located in some of the world’s most sought-after destinations. The group will operate the business independently. Meanwhile, US-based Marriott International (“Marriott”) has acquired glamping company, Postcard Cabins, which comprises 29 properties with 1,200 cabins across major US cities. This acquisition will serve as the foundation for Marriott’s new outdoor-focused collection, set to launch in 2025. No terms have been announced for these deals.
LIFULL Acquires Four Properties in Japan for JPY5.583 Billion
Japan-based real estate information provider, LIFULL Co., Ltd. (“LIFULL”), has announced the acquisition of four villa-style accommodations from Japan-based technology conglomerate, Rakuten Group Inc., for JPY 5.583 billion. The acquisitions include the 21-key Rakuten STAY Villa Nikko, the 16-key Rakuten STAY Villa Kamogawa, and the 11-key Rakuten STAY Villa Sengokuhara, which consists of Kita-kan (North Wing) and Minami-kan (South Wing) in Hakone. Situated in popular tourist destinations, these properties generate a fixed rental income and will continue to be managed by Japan-based Rakuten STAY Inc..
Winim Acquired Former Glenferrie Lodge in Australia for AUD23 Million
Australia-based developer, WINIM Funds Management Pty Limited (“Winim”), has acquired the former 69-key Glenferrie Lodge in Kirribilli, New South Wales, Australia for AUD23 million. Upon acquisition, Winim has plans to develop an AUD50 million 42-key luxury hotel with residential apartments. The hotel will be managed by Australia-based EVT Limited under its independent collection, branded “Glenferrie House”. The former Glenferrie Lodge is a minute’s walk from Sydney Harbour Bridge while the Sydney central business district is a 6-minute ferry ride away.
The Standard, Maldives Sold in Maldives
The 115-key The Standard, Maldives has been acquired by an unnamed buyer for an undisclosed amount. Located on Huruvalhi Island in the Raa Atoll, the property offers a variety of amenities, including a kids club, six dining venues, a spa and a water sports and dive centre. The hotel is a 40-minute seaplane ride away from Male’s Velana International Airport or a combined 30-minute domestic flight to the nearest island, Dharavandhoo and a 25-minute speedboat ride to the resort.
About HVS
With over 35 offices in the United States, HVS’ hospitality intelligence and extensive expertise will help you achieve the results you want. HVS experts are regarded as the leading professionals in their respective regions of the globe. Through a worldwide network of 50 offices staffed by more than 250 experienced industry professionals, HVS provides an unparalleled range of complementary services for the hospitality industry. For further information regarding our expertise and details about our services, please visit hvs.com.
