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Dubai Liquidity Issues Mute Hotel Transactions

Category: Hotels, Posted:12 Sep 2009 | 09:49 am

Despite many institutions turning to developed hotel markets to buy assets for long term yield potential the current lack of liquidity in Dubai is limiting hotel transaction volume. Unlike the flight of a great deal of hotel investment capital from Asia to purchase hotels in Australia with the promise of a solid developed market and ongoing yields, these buyers are coming up short in the Middle East.
Sellers are also a scarce breed with operating margins in the market retaining reasonable levels of profitability so while there may be some stress, there is little distress. It's not unlike the current transaction market in Thailand or Phuket for that matter and we are still seeing few banner hotel sales similar to the 1997 Asian financial crises. At that time many thought hotel trading would be fast and furious but it simply did not happen. What we do see is smaller assets trading though pricing is not rock bottom and the more developed markets attracting increasingly cautious buyers.

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C9 Hotelworks Releases New Phuket Hotel Market Update Report

Category: Hotels|Tourism, Posted:16 Mar 2023 | 00:29 am According to C9 Hotelworks new Phuket Hotel Market Update 2023, the resort island’s tourism recovery has accelerated over the past six months. With the removal of Thailand’s pandemic travel restrictions in 2022, airlift quickly ramped up as India and Malaysia were key early source markets. Over the current winter season aside from the return of […]
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Destination Ink Radisson For Patong Hotel

Category: Hotels, Posted:12 Mar 2023 | 23:16 pm Phuket’s hotel brand conversion trend is continuing, with the latest move having Radisson sign a deal for a 390-room hotel in Patong. Owned by the Destination Group, the property will be branded as a Radisson. This is the fourth recent conversion by Destination with one more Radisson and two Holiday Inns by IHG. Expect more […]
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Hilton Phuket Arcadia Reflagged To ACCOR’s Pullman Brand

Category: Hotels, Posted:03 Mar 2023 | 07:35 am One of Phuket’s largest hotels, the 662-room Hilton Phuket Arcadia Resort has been reflagged under ACCOR’s Pullman brand. The hotel, which will be named Pullman Phuket Arcadia Karon Beach Resort will operate as a Pullman effectively in April of this year, and a staggered 24-month refurbishment program undertaken. With this addition, there will be three […]
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