HONG KONG: International funds and local investors are snapping up hotels in Hong Kong with the intention of converting them for long-term leasing and student accommodation as the outlook for the city's tourism industry remains uncertain.
AEW Capital Management Acquired Hong Kong Hotel for HKD1.65 Billion, South Korea’s Lotte Corporation has Acquired Kimpton Hotel Monaco Chicago, Minor International and Abu Dhabi Fund for Development Announce Joint Venture on Five Assets in Thailand, High Speed China-Laos Railway Officially Opened.