business
New World considers divestment of $2bn hotel portfolio in Hong Kong
Key takeaways
- The talks involve Aravest, a Singapore-based real estate asset manager backed by Sumitomo Mitsui Finance & Leasing.
- The Abu Dhabi Investment Authority owns the remaining 50% of the hotel portfolio, which consists of the Grand Hyatt, Renaissance Harbour View Hotel, and Hyatt Regency in Kowloon.
- If a deal is reached, New World Development is expected to receive $300m in cash after settling debt linked to the asset, according to one source with direct knowledge.
New World considers divestment of $2bn hotel portfolio in Hong Kong Salong Debbarma Wed, May 6, 2026 at 6:24 PM GMT+7 1 min read 0017.HK New World Development is in discussions to divest its 50% interest in a group of three Hong Kong hotels with a combined value of $2bn, reported Bloomberg, citing sources familiar with the matter.
The talks involve Aravest, a Singapore-based real estate asset manager backed by Sumitomo Mitsui Finance & Leasing.
The Abu Dhabi Investment Authority owns the remaining 50% of the hotel portfolio, which consists of the Grand Hyatt, Renaissance Harbour View Hotel, and Hyatt Regency in Kowloon.
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