Hotels investment up 13.2% in Asia-Pacific, Japan to lead second half

SINGAPORE - Asia Pacific hotel investment volumes in the first half of this year climbed 13.2% to US$3.8 billion compared to the same period last year as yields recovered to pre-global financial crisis levels, according to a report by real estate consultancy JLL.

During the first six months of this year, a total of 14,025 keys traded across the Asia Pacific region, higher than the 10,976 keys achieved over the same period a year ago, according to JLL’s Hotel Investment Highlights report.

Japan lent considerable weight to the rankings, representing five of the top 10 deals transacted during the period.  In total, JLL recorded 59 transactions in 11 countries.

“Looking forward, there remains a weight of capital chasing quality real estate assets,” says Mike Batchelor, Managing Director for JLL’s Hotels & Hospitality Group Asia Pacific.

 “Whilst the investment environment is expected to be dominated by Japan for the remainder of 2016, deal flow should remain robust supported by stronger buying activity in Thailand, Vietnam, Korea and Myanmar.”  www.jll.com (ATI).