Chinese property investors might have favored residential property in Australia in 2015, but 2016 could be the year of the hotel buy in the country, not that it wasn't already trending that way this year.
As AFR notes, the next 12 months "will be the year Chinese investors also turn their attention to commercial property, in particular hotel investments and development."
"From what we can see, some might diversify into commercial investments, there's a significant commercial investment inquiries over the past few months, due to less restrictions and regulations [in commercial properties]," Chinese property website ACProperty.com.au director Esther Yong said.
"This is logical, with astute investors positioned to take advantage of the rapid growth in Asian discretionary spend on tourism and leisure experiences outside their home markets," managing director Avi Naidu said.
Juwai.com, as AFR further noted, has forecast sustained or increased Chinese cross-border investment in hospitality in 2016, especially in the U.S., Australia, Europe and the Middle East.
Global hospitality investment by Chinese could grow between 5 and 15 percent more than 2015 investments.