CBRE says in its statement that it “is said to be assisting Ares as an adviser in the sale process”.
CBRE is working with a fund managed by Ares Management Corporation to explore “strategic options” for the Hyatt Regency Da Nang Resort and Spa, according to an April 8 announcement by the commercial real estate services and investment firm.
The Ares fund, which acquired the asset in 2022, is “said to be evaluating a range of strategic options” including renovation, refurbishment, rebranding and divestment, reads the announcement by CBRE.
