ASIAN HOTEL INVESTMENT JLL Hotels Release 2010 Outlook
Leading hospitality transaction brokerage Jones Lang LaSalle Hotels have released their end 2009 global report on activity and forecast for 2010 with key trends as follows:
Asia Pacific has led the recovery from the GFC (global financial crises with hotel transactions with US$3.1 billion in activity in 2009 and for the first time outpaced the US market. Transactions focus on was on individual assets versus portfolios. There has been limited amounts of distress in Asia unlike the rest of the world.
JLLH have placed a 'strong buy' position for 2010 for Thailand resort markets. Its view forward buyers as HINI (High Net Worth Individuals), public companies and private investors as the dominant buyer pool.