AP Hospitality Bulletin Asia Pacific - January 2026

Transaction that matter.

Mercure Rockhampton

Felix Capital, a Sydney based investment and development firm, has acquired the 74-key Mercure Rockhampton located in Queensland, Australia for a total of US$3.9 million, marking the first major transaction in Australia in 2026. Felix Capital has revealed the acquisition as their long-term strategy to further diversify their real estate portfolio.

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Grand Hyatt Incheon

In September 2025, Paradise Co., Ltd., a South Korea based casino operator, has revealed the acquisition of the west wing at the Grand Hyatt to close by the end of October 2025. However, it was first postponed to December 2025 and again to January 2026. The acquisition price of the hotel is expected to be KRW210 billion (US$145.2 million) for the 501-key property (west wing) which is a 2% discount from the price last announced in October 2025 of KRW216 billion (US$149.2million).

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Habyt Austin Avenue Hotel

China Merchants Commercial REIT, an investment trust company that is sponsored by China Merchants Shekou Industrial Zone Holdings Co., Ltd., based in Shenzhen, announced the acquisition of the 29-key Habyt Austin Avenue Hotel that islocated in Tsim Sha Tsui, Hong Kong. As of November 2025, the property was valued at HK$213 million (US$27.3 million) and is sold at a discount of around 4% at HK$206 million (US$26.4 million). Furthermore, China Merchants Commercial REIT revealed that the property will be repurposed into student housings, which remains a major theme in the Hong Kong commercial real estate space.

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