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Hotel investments rise in Asia Pacific

Profile Photo By: Steve Shellum
July 26, 2016

Hotel investments rise in Asia Pacific

Asia Pacific hotel investment volumes in the first half of this year climbed 13.2 percent to US$3.8 billion compared to the same period last year as yields recovered to pre-global financial crisis levels, according to a report by real estate consultancy JLL.

Grand Pacific Le Daiba, Japan
Grand Pacific Le Daiba, Japan

During the first six months, a total of 14,025 keys traded across the Asia Pacific region, higher than the 10,976 keys achieved over the same period a year ago, according to JLL’s Hotel Investment Highlights report.

Japan lent considerable weight to the rankings, representing five out of the top 10 deals transacted during the period. In total, JLL recorded 59 transactions in 11 countries.

“Looking forward, there remains a weight of capital chasing quality real estate assets,” says Mike Batchelor, managing director for JLL’s Hotels & Hospitality Group Asia Pacific.

“Whilst the investment environment is expected to be dominated by Japan for the remainder of 2016, deal flow should remain robust supported by stronger buying activity in Thailand, Vietnam, Korea and Myanmar.”

The top 10 single-asset transactions in the first six months of this year collectively amounted to almost US$1.7 billion. Japan led with US$2.1 billion, followed by Australia (US$278 million), Mainland China (US$252.6 million), Vietnam (US$237.6 million), Taiwan (US$217.6 million) and Thailand (US$138.3 million).

Asia Pacific Top 10 Single Asset Transactions first half 2016 
1) Grand Pacific Le Daiba, Japan (US$604.7 million)
2) Grand Hi Lai Hotel, Koahsiung, Taiwan (US$190.1 million)*
3) Loisir Hotel Spa Tower Naha, Japan (US$176 million)
4) Urawa Royal Pines Hotel, Japan (US$159.6 million)
5) Westin Resort Guam, Tumon, Guam (US$125 million)
6) Somerset Zhong Guan Cun Beijing, China (US$92.5 million)
7) The Mosaic Collection Grand Pujian Residence, Shanghai, China (US$ 86.4 million)
8) Hotel Route Inn Gotanda, Tokyo, Japan (Confidential)
9) InterContinental Asiana Saigon, Ho Chi Minh City, Vietnam (US$74.9 million)*
10) Hotel Sunroute Shinagawa Seaside, Tokyo, Japan (Confidential)
*Allocated price for the hotel component (excludes department store)

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