News from Asia

Thu Mar 21

Axe Management Partners Completes Purchase of Three Osaka Hotels from CapitaLand Ascott Trust

Written by Viw Magazine

Leveraging New Partnership with IHG Hotels & Resorts for Launch of New Garner Hotel Brand Outside of North America

Acquisition and repositioning of hotel properties, bringing in new design and branding concepts targeting untapped customer groups, to maximize asset value and return on investment

Launch platform for Garner's expansion in Japan and Asia-Pacific, focusing on rapidly growing midscale traveler segment looking for high-quality well-priced accommodation in prime locations

TOKYO, JAPAN - Media OutReach Newswire - 18 March 2024 - Axe Management Partners ("Axe Management"), a Pan-Asia real estate investment firm, today announced the completion of the acquisition of three hotel properties from CapitaLand Ascott Trust ("CLAS") for JPY10.7 billion (approx.

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