YTL Hotel REIT Modeled On LVMH Brand Concept
Aggressive development by Malaysia's YTL hotels group has seen them ramp up their liquidity for acquisitions which looks to see a move to a hotel REIT later in the year. According to reports, Tan Sri Francis Yeow has said the trust will follow a multi brand premium structure similar to leading luxury goods firm LVMH.
Conceptually the formation of a collection of branded properties will add gloss to the offering and allow a form of ownership of prized assets and destinations. REITS which are focused on hotels continue to gain momentum in Asia, while in Thailand a number of hotel property funds look set to be launched within this year.