Four Asia Pacific deals in one week
HVS published its Asia Pacific hospitality newsletter for the week ending 11 September 2026. The edition carries four transaction reports, a guide to hotel management contracts and a share price table. The deals sit in Italy, Hong Kong, Australia and South Korea.
The Lake Como EDITION sells to Sansiri Capital
Sansiri Public Company Limited set up a private equity fund called Sansiri Capital for investments in luxury hospitality assets. The fund targets trophy assets in gateway cities and in leisure destinations with limited supply.
Sansiri Capital agreed to acquire the 148-key Lake Como EDITION, a waterfront hotel at Cadenabbia in Italy, from Bain Capital and Omnam UK. The deal is expected to complete by the end of September 2026. The property is valued at more than EUR200 million.
Renovation ran four years and cut the room count from nearly 300 to 148. The hotel reopened in March 2026 with a spa and wellness building, a floating pool and a beach club. It records occupancy above 70 percent and an average daily rate above EUR1,500 in July and August this year.
Sansiri Capital's portfolio holds more than 1,042 keys across eight properties. The list includes the 62-key StandardX Bangkok, the 196-key Standard Hua Hin and the 179-key St. Regis Aspen.
The Quad sells for HK$528.5 million
China Merchants Commercial REIT and a fund backed by BentallGreenOak and Welkin Links Capital Group agreed to acquire The Quad, a student accommodation property in Hung Hom, Kowloon, from Easyknit International Holdings. The consideration is HK$528.5 million. CMC REIT holds 55 percent of the joint venture and the BGO-Welkin fund holds 45 percent.
The building at 470 to 478 Chatham Road North holds 184 rooms and 205 beds across about 3,890.3 square metres of gross floor area. The price equates to about HK$2.58 million per bed and HK$135,850 per square metre.
The storey count splits between two documents. The newsletter describes a 29-storey building. The share purchase agreement CMC REIT filed with the Hong Kong Stock Exchange states 25 storeys. The filed figure is the one to use.
The property completed in 2025, runs fully occupied and generated about HK$18.9 million in revenue in the twelve months to March 2026. The purchase is CMC REIT's second investment in Hong Kong student accommodation.
The Headlands Hotel sells for A$44 million
JDA Collective acquired the Headlands Hotel in Austinmer, on the New South Wales South Coast, from The Stevens Group. The price is A$44 million, or about A$733,000 per key across 60 serviced apartments.
The Stevens Group rebuilt the property and opened it in 2016. It occupies a 2,550 square metre clifftop site above the Pacific and runs two levels with bars and dining areas, a gaming room holding 14 electronic gaming machines, events and conference facilities and underground parking. Austinmer sits about 15 kilometres north of Wollongong.
The Cheonghwi Building completes in Seoul
The sale of the Cheonghwi Building in Myeongdong, Seoul, completed for an undisclosed sum. The hotel and retail property holds about 5,944 square metres of gross floor area. The 152-key Sotetsu Fresa Inn Seoul Myeong-dong occupies the upper floors under a long-term lease, and the lower floors are let mainly to Korean cosmetic brands.
The building sits a five-minute walk from Myeongdong Station and Euljiro 1(il)-ga Station. The hotel opened in 2019.
The management contract guide
The edition flags a new HVS publication on hotel management contracts in Asia-Pacific, covering the region outside India. It examines seven areas that decide owner-operator negotiations: contract term, territorial restrictions, operator fees, performance tests, budget, owner rights and termination rights.
The survey draws on 260 hotel management contracts. Those contracts represent more than 40,000 rooms, and the publication adds factsheets on 18 hotel operators.
The share tape
The edition closes with an absolute share price table dated 11 September 2026. It covers 11 exchanges: the ASX, the Stock Exchange of Thailand, the Shanghai and Shenzhen exchanges, NASDAQ, the Hong Kong Stock Exchange, India's National Stock Exchange, the Korea Exchange, the Singapore Exchange, the Taiwan Stock Exchange and the Tokyo Stock Exchange.