International
Okura Nikko Unveils Japanese Hotel Plans
Slated for completion in 2019, the company plans on opening Hotel JAL City Sapporo Nakajima Park, a 13-story, 211-key hotel on Japan’s island of Hokkaido.
CBRE Brokers $25M Sale of Luxury Resort in Panama
The buyer acquired the majority stake in the five-star property, which is part of the Trump Ocean Club International Hotel and Tower Panama.
Greenhouse Gas Emissions: Worlds’ Most Responsible Companies
Since 1988, just 100 companies have been responsible for nearly 71 percent of the entire world’s industrial greenhouse gas emissions.
WeWork Scores $4.4B Investment
SoftBank Group and the SoftBank Vision Fund will purchase new shares in the collaborative workspace company, while also financing its growth in China, Japan, Southeast Asia and Korea.
First Staybridge Suites Debuts in Poland
The 190-key project, which marks the eighth property for IHG in Europe, will be located in Warsaw’s third-largest district. The company will operate the hotel under a franchise agreement with WIK Capital.
ENGIE Enters Mongolia with 55MW Wind Farm
The Sainshand wind farm will be located in the Gobi Desert and will generate enough green energy to serve the needs of 130,000 Mongolians.
Trinity, Oaktree Form $3B Hotel JV
The partners will focus on high-quality, value-add hotels in a handful of markets around the world, including Hawaii, California, Mexico and Japan.
Hines, Peterson to Revamp Iconic Building in Ireland
The companies are planning to transform the former Central Bank headquarters in Dublin into a mixed-use destination incorporating retail, restaurants and a rooftop hotel.
Mori Begins Construction on Indonesian Office Tower
The Kohn Pedersen Fox-designed Jakarta Office Tower marks Mori Building’s first development in Southeast Asia. The project is set for completion in 2021.
Blackstone Buys Majority Stake in Massive Portfolio
The $35.2 billion worth of real estate properties and loans will be transferred to a new company that will be co-owned by the New York City-based firm and Banco Popular.