JLL: Asia Pacific hotel investment may reach $8.5 billion

hotel exterior

JLL expects the Asia Pacific hotel sector to attract $8.5 billion in hotel investment this year.

Scott Hetherington, CEO of JLL Hotels & Hospitality Asia, told the Sydney Morning Herald that last year saw "blockbuster acquisitions of high-profile, gateway market hotels by Chinese investors" as well as "a high volume of hotel deals in Japan with increasing interest from foreign investors."

This year, Hetherington said, JLL expects transaction activity across the region to slow, with a likely to shift to secondary markets in Southeast Asia and the Indian Ocean.

FREE DAILY NEWSLETTER

Like this story? Subscribe to IHIF!

The hospitality industry turns to IHIF International Hotel Investment News as the must-read source for investment and development coverage worldwide. Sign up today to get inside the deal with the latest transactions, openings, financing, and more delivered to your inbox and read on the go.

Craig Collins, CEO of JLL Hotels & Hospitality Australasia, said that with a widely expected scarcity of available stock moving forward, competition will be "incredibly strong" this year in the Sydney and Melbourne markets. Collins also predicted an increasing weight of money coming from investment and private equity funds.

External Source : Sydney Morning Herald

Read more on

Suggested Articles

The three stages of development in Europe’s pipeline are experiencing double-digit increases year over year and are at or near record highs.

Celebrating the hotel company’s 45th year and his 80th on the planet, the owner/operator—and philanthropist—embodies a "hospitality heart."

The Hyatt Centric Reykjavík will not only be the first Hyatt-branded hotel in Iceland, but will be the company's debut the Nordic region as a whole.