Asia Pacific hotel transactions at US$3.9 billion in 1H2014, says JLL

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Asia Pacific hotel transactions at US$3.9 billion in 1H2014, says JLL
Transaction volumes in the hotel sector across Asia-Pacific totalled US$3.9 billion ($4.97 billion) for 1H2014, says JLL in its hotel investment report. This is 6.5% higher than the level of transactions achieved in 1H2013. Asian hotel markets recorded the lion’s share of activity with sales totalling US$3.5 billion, compared with Australasia’s US$0.6 billion. Japan and China dominated, with US$1 billion of sales each, and accounted for 60% of the deal flow.
“There is a definite trend among hotel investors to look further afield and consider markets that may not have been on the radar just a few years ago,” says Scott Hetherington, CEO of JLL’s hotel and hospitality group. While investment is becoming more geographically widespread, major gateway cities continued to see the highest volume of transactions, for instance, Shanghai, Sydney, Tokyo, Melbourne and Osaka.
This article appeared in the City & Country of Issue 648 (Oct 20) of The Edge Singapore.

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