In the third quarter, Hong Kong led the Asia Pacific region in hotel investment.
The most investment-grade hotels were found in Japan, Thailand, and Australia. According to JLL data, Hong Kong dominated the Asia Pacific area in terms of hotel investment transactions in the year to September 2017, with 11 deals totalling about $1.5 billion. With $1.2 billion and $335 million in transaction volumes, Japan and Thailand were the second and third most active countries in the area. doha sale Several of the Hong Kong transactions have the potential to be converted into residential or office space. Given the high demand for office space, hotel owners have recently considered transforming their assets. "Hong Kong hotels attract to investors because of the lower cost per square foot when compared to other asset classes, which has been a factor in recent transactions. Hotels like J Plus Hotel have already been purchased for use as a meeting place, most likely in an office "Mike Batchelor, JLL Hotels & Hospitality Group's Head of Investment Sales Asia,...