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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.

Other News

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Mind the Gap – Keep People Inspired Event in November

Category: Hotels|Tourism, Posted:22 Oct 2022 | 08:50 am Keep People Inspired (KPI) is the second in a series of Mind the Gap Learning events. The focus of the event is on inclusiveness in hospitality, spanning Phuket’s hotels, tourism and service industries. Inclusiveness is a key element of businesses that rely heavily on human resources and is in effect all about people, whether they […]
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Japanese Luxury Brand Hoshinoya Heads To Niseko

Category: Hotels|Real estate, Posted:14 Oct 2022 | 17:42 pm Leading Japanese hotel operator Hoshino has inked a deal for a luxury resort in Niseko with developer Zekkei Properties. Located in a prime ski-in and ski-out location in Upper Hirafu Village, the 62-unit hotel and residence property will be named Hoshinoya Lodge Niseko. With one of Hirafu’s best locations, the site was formerly occupied by […]
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Phuket and Beyond, A Brief Friday Hotel Update

Category: Hotels, Posted:14 Oct 2022 | 10:24 am In Phuket, Wyndham Vacation Resorts has signed a deal to manage the 50-key Zenmaya Oceanfront in Kalim. The property will be under the Trademark Collection by Wyndham. There are synergies for the hotel given it is located across a main coastal road from the Wyndham Grand Phuket Kalim Bay. Regional carrier Myanmar Airways International (MAI) […]
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