Thursday 23 November 2017

Marked increase in Asian hotel investment

Jones Lang Lasalle’s Hotels & Hospitality Group found that the value of hotel transactions in 2013 beat all industry expectations, making it the strongest year since the global financial crisis in 2007.

Marked increase in Asian hotel investment

Grand Park Orchard hotel in Singapore, including its retail podium Knightsbridge, are said to have been sold at slightly over $1.15 billion.

April 6, 2014

Hotel investment in Asia reached US$7.5 billion at the end of 2013, up 218% on 2012, but 2014 is likely to see fewer sales and purchases due to limited supply, according to a report by the real estate consultancy group.

Singapore, Japan and Mainland China led the region’s growth in 2013 with Japan topping overall investment volumes at US$2.7 billion, up 480% year-on-year.

2013 was also the best on record for the Singapore hotel market with capital values reaching new highs, resulting in transaction volumes of $2.0 billion, more than 10 times that recorded in 2012.

In third place, China accounted for around 13% of total investment activity, recording US$1.1 billion of transactions.

Other markets that experienced strong growth in the region as a result of increased outbound travel from mainland China, include Hong Kong, which recorded US$486.7 million.

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