{
  "id": 9100207,
  "title": "New World, ADIA negotiate HK$3 billion UOL hotel deal",
  "url": "https://urgent.news/2026/09/22/new-world-adia-negotiate-hk-3-billion-uol-hotel-deal",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-22T05:02:54.000Z",
  "source": {
    "name": "Arabian Post",
    "slug": "arabian-post",
    "url": "https://thearabianpost.com/new-world-adia-negotiate-hk3-billion-uol-hotel-deal/"
  },
  "original_language": "en",
  "account": "Arabian Post reports that New World Development Co. and Abu Dhabi Investment Authority (ADIA) are in discussions with Singapore's UOL Group Ltd. over a possible sale of the Hyatt Regency Hong Kong in Tsim Sha Tsui district. The transaction could be valued at around HK$3 billion, making it a significant deal. New World is negotiating the sale of its 50% stake in the hotel while ADIA is also considering selling its half. The talks are confidential and might not lead to an agreement, with the final terms, valuation, and timing still up for negotiation. The Hyatt Regency Tsim Sha Tsui is part of the K11 complex, situated near major shopping and tourism hotspots, and offers convenient access to nearby MTR stations. The hotel, along with the Grand Hyatt Hong Kong and Renaissance Harbour View Hotel, were jointly owned by New World and ADIA in a venture established in 2015. This joint venture was formed after the three properties were transferred for a total of HK$18.5 billion. The current value of the Hyatt Regency Tsim Sha Tsui is estimated at around HK$3.39 billion, slightly lower than its value during the 2015 transaction. Earlier this year, New World had explored selling its entire interest in the joint venture, which was valued at approximately US$2 billion. The latest discussions concentrate on the Hyatt Regency Tsim Sha Tsui, rather than mandating the sale of all three properties together. This strategy could enable New World and ADIA to obtain funds from a single asset while retaining ownership in the other two hotels if mutually beneficial agreements aren't reached. The negotiations with UOL coincide with New World's pursuit of other fundraising methods. Recently, the developer received approval from the Shanghai Stock Exchange for the proposed spin-off and listing of a real estate investment trust backed by mainland China assets. This offering is expected to raise around 3.82 billion yuan (approximately US$570 million), pending final approvals and market conditions. New World reported a HK$3.73 billion loss for the six months ending December 31, improving from a HK$6.6 billion loss the previous year. The company is also implementing refinancing and asset disposal measures to handle its debt obligations amidst a gradually recovering Hong Kong property market. UOL, listed in Singapore, possesses a diverse portfolio that includes property development, investment properties, hotels, and serviced suites. The group's assets total about S$22 billion, and it manages around 50 hospitality properties through its hotel subsidiary, Pan Pacific Hotels Group, and other investments. Its hospitality brands encompass Pan Pacific, PARKROYAL COLLECTION, and PARKROYAL, offering UOL a well-established presence in hospitality across Asia and other global regions. If an acquisition in Hong Kong were to materialize, it would provide UOL with a major gateway-city hotel to its existing portfolio. However, there have been no announcements regarding any operating arrangements connected to the current talks.",
  "summary": "Arabian Post Staff -Dubai New World Development Co. and Abu Dhabi Investment Authority are in talks with Singapore’s UOL Group Ltd. over a potential sale of the Hyatt Regency Hong Kong, Tsim Sha Tsui, in a transaction that could value the hotel at about HK$3 billion. New World is discussing the disposal of its 50% interest in the property, while Abu Dhabi Investment Authority, or ADIA, is […] The…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}