Canada Pension Plan Investment Board has joined a consortium set to invest as much as 112.7 billion yen ($719 million) in hospitality-related assets across Japan.
New research from JLL confirms a 19% year-on-year increase in hotel transactions, with family offices leading the investment charge in the Asia-Pacific hospitality sector that is making a comeback.
Two single family offices in Hong Kong plan to increase investments in hotels in Southeast Asia and Southern Europe in 2024, as they bet on the post-pandemic revenge travel boom continuing globally.