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1、Hotels&Hospitality GroupAPAC|Second half Hotel Investment Highlights Asia PacificHotel Investment Highlights Asia Pacific H2 2023Top 15 Asia Pacific Transactions02 Hyatt Regency TokyoTokyo,JapanPrice USD 466,500,000 Price per Key USD 625,330 07 KOKO HOTEL Ginza 1-ChomeTokyo,JapanPrice USD 121,800,00
2、0 Price per Key USD 399,190 01 Daiwa House PortfolioVarious,JapanPrice USD 900,000,000 Price per Key USD 126,330 06 Fusaki Beach Resort Hotel&VillasIshigaki,JapanPrice USD 305,400,000 Price per Key USD 767,340 04 Rihga Royal Hotel OsakaOsaka,JapanPrice USD 383,800,000 Price per Key USD 369,390 03 Th
3、e Kimberley HotelHong KongPrice USD 433,100,000 Price per Key USD 793,290 05 PARKROYAL on Kitchener Road*SingaporePrice USD 376,000,000Price per Key USD 693,73008 Hyatt Regency Xian Xian,ChinaPrice USD 119,000,000 Price per Key USD 399,330 Note:Transactions exclude development projects,forward sales
4、 and alternative-use conversions*Transacted by JLL2Hotel Investment Highlights Asia Pacific H2 202311 Mandarin Oriental Jakarta*Jakarta,Indonesia Price USD 87,700,000 Price per Key USD 312,500 14 QUINTESSA Hotel Tokyo Ginza*Tokyo,JapanPrice USD Confidential Price per Key USD Confidential 13 Sotetsu
5、Fresa Inn Shimbashi-Karasumoriguchi Ishigaki,JapanPrice USD 64,000,000 Price per Key USD 290,910 15 Amari Havodda Maldives*Maldives Price USD 60,000,000 Price per Key USD 500,000 10 SH REIT Portfolio*Ho Chi Minh City,Vietnam and Jakarta,IndonesiaPrice USD 106,100,000 Price per Key USD 170,300 09 Nin
6、e Tree Premier Myeongdong IISeoul,KoreaPrice USD 106,000,000 Price per Key USD 259,800 12 Lagent Stay Sapporo OdoriSapporo,JapanPrice USD 67,900,000 Price per Key USD 310,210 3Hotel Investment Highlights Asia Pacific H2 2023Asia Pacific hotel transaction volume to hit US$10.1 billion in 2023Year-to-
7、date 202313Year-to-date 2023130Year-to-date 2023 almostkeyshotel transactionscountries 24,800Year-to-date 2022 27,990 keysYear-to-date 2022 168 hotel transactionsYear-to-date 2022 15 countries4Hotel Investment Highlights Asia Pacific H2 2023Disclaimer:Total figures might differ due to rounding up ef
8、fect.Pertains to all completed transactions of US$5 million or more;includes transactions of Property Transaction(Arms Length),Corporate Transaction,Part Equity Stake Sale(100%),Auction Sale and excludes transactions of Casino Property,Pub/Licensed Leisure,Development Site.*Price per key on single a
9、sset transactionsTotal Investment VolumeAverage Price per Key*Year-to-date 2023US$5.92 billion Year-to-date 2022 US$9.83 billionYear-to-date 2023US$291,600Year-to-date 2022 US$368,900Asia PacificYear-to-date 2023US$4.96 billion Year-to-date 2022 US$8.85 billionYear-to-date 2023US$284,800Year-to-date
10、 2022 US$371,300AsiaYear-to-date 2023US$0.96 billion Year-to-date 2022 US$0.98 billionYear-to-date 2023US$341,300Year-to-date 2022 US$351,100Australasia5Hotel Investment Highlights Asia Pacific H2 2023Asia Pacifics hotel sector is navigating winds of change following the pandemic and amid the turbul
11、ence in global real estate markets.The industry has taken flight again with reopened borders and the gradual reinstatement of airlift,and hotel performance has been strong.Revenue per available room(RevPAR)recovery is now at 95 per cent of 2019 for the region,yet many markets are far ahead of this a
12、nd setting new all-time RevPAR highs.The investment climate is however facing headwinds due to interest rate increases,cost inflation and macroeconomic uncertainty.Most core real estate asset classes are going through a period of evolution,and in many ways the hotel sector stands out as one of the b
13、est segments to be in due to the strong industry fundamentals.Taking Flight:Riding the WindsHowever,investment dynamics are more divergent across different markets than in the past.Japan is flying high in terms of liquidity,performance and outlook,yet China is going through a period of turbulence,wh
14、ilst core markets like Singapore and Australia continue to show strong appeal.Value-add opportunities are most in demand as this allows buyers to counter negative finance leveraging and meet their hurdles.Debt-reliant private equity funds remain largely grounded outside of Japan,and cash-rich high n
15、et-worths and corporates are the dominant buyers.Amid the swirling debt market conditions,transaction volumes are down 40 per cent on the same period in 2022.The end of the year will see momentum pick up with total volumes expected at US$10.1 billion,resulting in a full year decrease of 14 per cent
16、on 2022.6Hotel Investment Highlights Asia Pacific H2 2023Asia Pacific Hotel Investment Volume 2016 to 2024FSource:JLL(Data as of 12 October 2023),pertains to transactions US$5 million and above,and excludes Casino Property,Pub/Licensed Leisure,and Development Site.0246862002020
17、224FUS$billionJapanAustraliaSingaporeChina(incl.Hong Kong)ThailandMaldivesOthersForecast7Hotel Investment Highlights Asia Pacific H2 2023Japan and Korea CruisingThe red-crowned crane,or tsuru,is a majestic Japanese icon,said to live for a millennium in fables.The Japanese hotel trading ma
18、rket is likewise experiencing a new lease of life,spreading its wings wide with RevPAR already ahead of pre-pandemic levels as of YTD September 2023.The luxury and resort markets are resurgent with a c.30 to 40 per cent increase in Average Daily Rate(ADR)on average compared with 2019.Domestic hotel
19、REITs are once again back and showing strong investment appetite.Transaction volumes as of October 2023 reached almost US$2.2 billion,boosted by an active first half of the year.Notable transactions this year are the Hyatt Regency Shinjuku in Tokyos famous shopping district,acquired by Gaw Capital a
20、nd KKR for approximately US$500 million;as well as the Rihga Royal Osaka by BentallGreenOak for around US$400 million.Domestic investors have also fuelled demand,particularly for leased limited-service hotels,snapping up core assets like the Resol Kyoto Kawaramachi Sanjo,situated in the heart of Jap
21、ans cultural capital.Total deal volume is expected to reach US$2.9 billion this year,with a similar forecast set for 2024.South Korea is experiencing a comparable impressive recovery,driven by the luxury segment.In Seoul for example,luxury ADR has exceeded 2019 levels by 48 per cent.Unlike Japan,how
22、ever,local investors remain bearish due to broader real estate headwinds,with most of the demand driven by overseas buyers.Their attention centred mostly on Seoul.In 2023,total deal volume is expected to reach US$1.1 billion,and 2024 is expected to bring in closer to US$1.2 billion.Next years transa
23、ctions will be spearheaded by value-add buyers with the stomach for negative leverage,as high interest rates curtail financial investors.8Hotel Investment Highlights Asia Pacific H2 20239Hotel Investment Highlights Asia Pacific H2 2023Singapore SublimeThe hotel sector in Singapore is off to a flyer
24、in 2023.Major global events such as the F1,and upcoming concerts by Taylor Swift and Coldplay,are expected to draw more tourists with higher flight capacity enabling this revival.High-profile events have driven RevPAR recovery to be 13 per cent higher than 2019,buttressed by a robust luxury hotel se
25、gment.On the other hand,the performance of midscale and economy hotels,which largely rely on tour groups and value-conscious leisure travellers,has been lagging due to the high cost of travel and slow return of Chinese tourists.A wave of lifestyle hotels is set to enter Singapore in 2023 and 2024.To
26、talling more than 1,200 rooms,these include The Singapore EDITION,Artyzen Cuscaden Singapore,COMO Metropolitan Singapore,The Standard Singapore,and Mama Shelter Singapore.The mix of luxury and boutique offerings will provide a greater diversity of product options in the city-state.Despite the new ad
27、ditions,the supply pipeline for 2024 is benign,representing only 2 per cent of the existing supply,which bodes well for a positive trading outlook.Investors remain assured by the Lion Citys safe haven status,and buyers are mostly high net worth individuals(HNWIs)and family offices,which are less rel
28、iant on debt financing.The PARKROYAL on Kitchener Road was purchased by Worldwide Hotels Group,a homegrown hotel company owned by Singapore billionaire Choo Chong Ngen.Transacted for US$388 million,the deal represents the largest ever single-asset hotel transacted in Singapore and the second-largest
29、 in Asia Pacific in 2023.Long-term strategic investors continue to mark out the market as one to watch.Still,transaction volumes are expected to decline 45 per cent to US$500 million this year,from more than US$900 million as well-capitalised owners continue to tightly hold assets for long-term owne
30、rship.10Hotel Investment Highlights Asia Pacific H2 2023Indonesia IgnitedNamed after Lord Vishnus bird,Indonesian carrier Garuda Indonesia has taken to the skies again,much like the tourism industry in the archipelago.Flying at the front of the flock is Bali.The island,known for its white sand beach
31、es and world-class resorts,has recovered well with RevPAR for the luxury segment to exceed pre-pandemic levels by 27 per cent.Yet,the market remains tightly-held for prime strategic opportunities.Plenty of product is available in secondary locations,often commanding distressed pricing,but liquidity
32、in this space was low pre-COVID and demand from investors for such investment opportunities remains limited post-pandemic,even at(dis)stressed pricing levels.The nations capital is no slouch itself as an international hub,with luxury RevPAR also exceeding 2019 by about 10 per cent.In 2023,two major
33、transactions have been recorded in Indonesia:the Pullman Central Jakarta,as part of the SH REIT portfolio transaction,and the Mandarin Oriental Jakarta for approximately US$88 million.Indonesias investors,led by HNWIs and convinced by the sectors solid fundamentals,are set to contribute about US$220
34、 million in transactions in 2023 and more than US$260 million in 2024 compared to US$174 million in 2022.By 2024,we expect stronger hotel capital market activity as opportunities,especially in the luxury segment,should arise.11Vietnam VelocityVietnam is on the road to recovery,with the full year tou
35、rist arrival target of 8 million already achieved by August 2023.However,this remains far below pre-pandemic levels given that Chinese visitors are yet to arrive in force.Ho Chi Minh City and Hanoi remain popular with corporate demand,especially from South Korea.Recent transactions by JLL in Ho Chi
36、Minh City including ibis Saigon South and Capri by Fraser which are a short walk from a busy business district and the citys largest exhibition centre continue to underpin investor demand for Vietnam.Leisure destinations and coastal cities like Danang and Nha Trang are expected to embark on a simila
37、r recovery as tourism numbers continue to trend upwards.The 2022 transaction of Hyatt Regency Danang at US$95 million shows that the investment market in leisure destinations remain healthy for the right assets.Buyers are mostly local HNWIs on the hunt for distressed assets in attractive locales,wit
38、h regional investors selectively dipping their toes.Nonetheless,liquidity is expected to remain tight,with limited opportunities in Ho Chi Minh City and Hanoi.Hotel transaction volume in 2023 should notch to US$120 million and US$100 million in 2024.Hotel Investment Highlights Asia Pacific H2 202312
39、Hotel Investment Highlights Asia Pacific H2 2023Hotel Investment Highlights Asia Pacific H2 2023Maldives Propelled Taking a seaplane into a Maldivian resort is an experience like no other,with a gorgeous panoramic view of the islands and sandbars.Like the busy propellers on these aviation curiositie
40、s,international tourists are propelling the tropical paradise back into the skies.Visits rose to 1.2 million by August this year,a 14 per cent year on-year increase.With most destinations in Asia Pacific closed during the pandemic,hotels in the Maldives were able to reach pre-COVID levels in October
41、 2021 and have since even exceeded 2019 levels.While YTD 2023 performance has taken a pause from its COVID highs,investors and developers remain keen to invest in the market with developments in North and South Male Atoll reaching new heights as plans for a Rosewood,Mandarin Oriental and Bulgari are
42、 all on the horizon.With a remarkable track record of over USD 2 billion in hotel sales over the past decade,the Maldives has emerged as a leading destination for resort investments globally,attracting a wide range of investors,including HNWIs,owner-operators and private equity funds.Investor sentim
43、ent and pricing expectations have held steady amid choppy macroeconomic waters,with about US$100 million in deal volume expected in 2023,and a doubling of this in 2024.Several major transactions are already under offer,boding well for liquidity as we enter 2024.13Hotel Investment Highlights Asia Pac
44、ific H2 202314Hotel Investment Highlights Asia Pacific H2 2023Australia Coasting With a plethora of leisure destinations within driving distance of Australias main cities,together with some of the most iconic resorts in the world,local travellers have said Gday to their own backyards.Despite the re-
45、emergence of international travel after the pandemic,the domestic leisure segment has continued to underpin trading performance,spurring strong ADR growth and steady occupancy recovery.All key city markets,including Sydney and Melbourne,have recovered RevPAR fully since the pandemic,with a welcome b
46、oost from growing levels of corporate travel and international visitation.Domestic buyers are fuelling capital flows,although many of these have offshore-based limited partners,the majority of which come out of Singapore.Current headwinds and the increased cost of debt have seen some capital sources
47、 head to the sidelines.But for many HNWIs,funds and owner-operators,their love story with Australian hotel real estate has only continued.This can also be said for a range of developers and living sector players who have acquired a number of older hotels for repurposing or complete redevelopment.Cer
48、tain key transactions across the country demonstrated strong results and price per key,including the Sheraton Grand Mirage,Gold Coast selling for US$123 million,the largest ever single asset sale in the sub-market,and representing a strong US$418,000 price per key.Another notable sale was the Adelph
49、i Hotel,Melbourne,which went for US$16 million,representing US$478,000 per key.Other major transactions include the forward funding of the Waldorf Astoria Sydney development project,and the soon-to-settle sales of Sofitel Brisbane and Sofitel Adelaide.With an increasing cost of debt,investors have b
50、een focussed on value-add opportunities in order to reach total return targets.More passive-style investments have seen the greatest bid-to-ask spread,with some assets selling at discounts approaching 20 per cent against 2022 valuations.These trends are expected to result in a strong transactional p
51、erformance exceeding US$1.6 billion this year,with a similarly robust US$1.4 billion predicted in 2024.15Hong Kong En RouteAmid the turbulence of typhoons and COVID closures,a snapshot of Hong Kongs recovery suggests that the territorys progress is more stable than scintillating.International visits
52、 are steadily increasing every month,with August 2023s 4.1 million exceeding August 2019 numbers.Trading performance has likewise rebounded,fuelled by elevated rates to offset increased labour and utility costs.Luxury hotels have since reached 2019 RevPAR levels.Midscale and economy hotels,which are
53、 more reliant on Chinese tour group business,still struggle to fill their rooms due to lower discretionary spending amongst Chinas middle class.International lifestyle brands are set to stamp their footprints in Asias financial city with the opening of renowned upscale brands such as Motto by Hilton
54、,Kimpton and Andaz,spotlighting Hong Kongs appeal to operators and investors in the long term.Keeping with the trend since the beginning of the pandemic,most hotel transactions in 2023 were sold for co-living conversion.Notable transactions expected to be converted for long-term rental use include t
55、he sale of the Pentahotel Kowloon to a joint-venture between Angelo,Gordon&Co,and Wang On Properties for US$255 million.As the hotel market reboots and normalises,we expect transactions fuelled by conversion to decrease.Transaction volumes leading into 2024 are set to be subdued,if interest rates re
56、main high and bid-ask gaps persist.Local players will likely focus on asset management of existing portfolios while global investors are watchful of the wider geopolitics.Hong Kong should record close to US$900 million worth of hotel transactions in 2023,and around US$750 million in 2024.Hotel Inves
57、tment Highlights Asia Pacific H2 202316Hotel Investment Highlights Asia Pacific H2 2023Thailand,Malaysia in TransitRecovery in Thailands hospitality sector is heating up,with RevPAR reaching pre-COVID levels,and the Kingdom on track to exceed its target of 25 million foreign visitors in 2023.Unsurpr
58、isingly,metropolitan Bangkok and idyllic beach destinations like Phuket and Samui are choice investment destinations with high demand.Japanese buyers have set their sights on Bangkok,while regional and local developers are also branching into hotels to expand portfolios.Developers dominate in the La
59、nd of Smiles,followed by HNWIs and corporates.They are expected to boost transactions to a total of US$140 million this year.This,however,is still a significant departure from the US$345 million recorded in 2022.It is likely that 2024 will see a recovery closer to pre-pandemic figures.Malaysia is li
60、kewise in transit when it comes to sector recovery,with ADR reaching pre-pandemic levels as of YTD September 2023.Occupancy rates are rebounding,with tourist arrivals up an astounding 18-fold from January to May compared to the same period in 2022.The countrys business hub status and infrastructure
61、improvements are key to its long-term growth,and Kuala Lumpur aims to capture business travellers with almost 7,000 new rooms in upscale segments by 2024.This is likely to put pressure on prices,sparking opportunistic investor interest from the region Singapore,Hong Kong,Indonesia and even the Middl
62、e East provide enquiries are aplenty.However,significant pricing gaps between buyers and sellers remain due to slow recovery and limited upside in hotel performance,which may slow down transactions.US$50 million is the total deal volume expected for both this year and 2024,a step down from the total
63、 of US$101 million in 2022.17Hotel Investment Highlights Asia Pacific H2 202318China at the CheckpointChina was among the last major economies to ease restrictions following the pandemic in early 2023.The hotel market has seen total transaction volume of US$1.3 billion sizeable by regional standards
64、,but a drop of almost a quarter year-on-year.It is noteworthy that 70 per cent of transactions this year were distressed assets located in Tier-2 and below cities sold via liquidation auctions,signalling the emergence of special situation opportunities in the market.Meanwhile,institutional investors
65、 continue to show a strong appetite for conversion plays for Tier-1 city rental apartments,while the swift recovery of hotel performance in tourist destinations like Sanya,Xian and Chengdu also promises much.Lastly,there is hotel investment interest from HNWIs and family offices particularly for tro
66、phy assets in Tier-1 cities.With a transformation towards a more institutional and sophisticated hotel investment market,investors should keep a keen eye on the Asian giant.Pricing is also adjusting downwards amid macroeconomic headwinds.This might just be the time to swoop in on a grounded market,w
67、ith 2023 expected to record close to US$2.0 billion of hotel transactions,down from US$2.1 billion in 2022.China is poised to continue its recovery with US$2.1 billion predicted in 2024.Hotel Investment Highlights Asia Pacific H2 202319Hotel Investment Highlights Asia Pacific H2 2023India InboundThe
68、 late JRD Tata,who was chairman of the multi-billion-dollar Tata Group,had a deep passion for flying.In 1929,he became Indias first licensed pilot and he set up Tata Airlines,which evolved into Air India.The aviation legacy from a century ago continues to drive the countrys economy today,with improv
69、ed air connectivity both international and regional set to boost the hospitality industry.A thriving commercial market is spurring investment momentum in the sector.The first half of 2023 has seen transaction volumes reach US$175 million,with an estimated US$88 million to come in the rest of the yea
70、r.This far exceeds the US$73 million in 2022.While deals in 2021 mainly consisted of consolidations,2022 showcased a variety of sales including single-asset transactions and lease agreements for land for greenfield airport-terminal hotels.The first half of 2023 witnessed a notable rise in investment
71、 activity resulting from NCLT(National Company Law Tribunal)proceedings,particularly involving high-value assets burdened with debt in strong-performing markets like Mumbai and Bengaluru.There is also significant interest in the Indian hotel investment landscape from HNWIs who are diversifying their
72、 investment portfolios.Portfolios and operating assets are attracting more investors than greenfield projects and inbound institutional investment is also gaining momentum.NCLT resolution cases are gaining traction,particularly focusing on operational assets in sought-after destinations.The conclusi
73、on of the pandemic loan assistance scheme,the Emergency Credit Line Guarantee Scheme(ECLGS),may also lead to an increase in tradable assets available in the market,creating new opportunities for investors.We expect transaction activity to remain buoyant with estimated transaction volume in 2024 of r
74、oughly US$275 million.20Hotel Investment Highlights Asia Pacific H2 2023Cleared for Take-offWhile ongoing macroeconomic volatility has suppressed short-term hotel investment volume,fundamental performance continues to accelerate.Looking to the balance of 2023 and 2024 ahead,there are more tailwinds
75、than headwinds.Regional macros and geopolitics remain volatile and may provide downside pressure,yet hotel performance outlook is positive with airlift recovering and rates hitting all-time highs in many markets.Cost pressures seem to be easing too,and debt markets feel more predictable,making hotel
76、 investment easier to navigate.Other factors also provide promise for an increase in transactions.They include a substantial amount of impending debt maturity on the horizon,significant dry powder on hand,rising capex needs,and closed-end funds reaching the exit state of their investment lifespan ov
77、er the next four years.Buyers who are well-capitalised and less reliant on leverage will have an advantage.The winds of social change will also spark new growth opportunities in the hospitality sector.As the lines between work,life,and travel become increasingly blurred,traditional hotel brands and
78、investors should expand their product offerings to new non-traditional hotel verticals,including branded residential,short-term rentals,co-living,private membership clubs and other niches.Investors,especially private equity and family offices,should be increasingly acquisitive in operating platforms
79、 and brands.21Hotel Investment Highlights Asia Pacific H2 2023Investment volume expected to grow by 3%to reach US$10.4 billion in 2024 in Asia PacificUS$8.9 billionTotal AsiaUS$10.4 billionTotal Asia PacificUS$1.5 billionTotal AustralasiaAustralia1,4002,100China750Hong Kong275India265Indonesia3,000J
80、apan50Malaysia190Maldives120New Zealand700Singapore1,200South Korea250Thailand100VietnamInvestment Volume Forecast for 2024(in US$Million)As the sector prepares for take-off into clearer skies,flying green remains a core principle.Environment,Social and Governance(ESG)fundamentals are an increasing
81、priority for hotel investors and this is led by international and institutional capital,with government regulation playing an increasing role.We expect this momentum to pick up significantly in the coming years and it will pay off to be ahead of the curve for hotel owners.With hotel trading continui
82、ng its strong performance,the hotel investment market is once again on the runway towards a full recovery.The outlook remains clear for a smooth flight ahead,guided by a growth of 3 per cent in transaction volume for Asia Pacific in 2024,reaching US$10.4 billion.22Hotel Investment Highlights Asia Pa
83、cific H2 2023of investors are either very interested(28%)or interested(46%)in buying hotels in the next 12 months vs.73%last year74%53%of investors with rising cost of debt report debt cost has increased by at least 150 bps year-on-year vs.21%last year52%of investors believe their access to debt is
84、better to much better compared to 202218%of owners are not sellers in the market vs.30%last yearBuyers are most interested in Japan(30%),China(17%)and Singapore(14%)62%of respondents report that development costs have increased by more than 10%year-on-yearBid-ask spread has marginally narrowed to 4%
85、vs.6%last year51%of investors expect cap rates to increase by up to 100 bpsvs.52%last yearOver the next 12 months,66%of investors are considering diversifying their portfolio outside of traditional hotels69%of investors consider ESG as important(56%)to very important(13%)when it comes to decision ma
86、king in investmentsJLLs H2 2023 APAC Hotel Investor Sentiment Survey Key Findings23Hotel Investment Highlights Asia Pacific H2 2023Pullman Jakarta Central ParkJakarta,IndonesiaSheraton Grand Mirage Gold Coast*Gold Coast,AustraliaMandarin Oriental Jakarta,Indonesia*Exchanged contractsProperties sold
87、by JLLFraser Place MelbourneMelbourne,AustraliaThe Adelphi Melbourne,AustraliaPalace Hotel Tachikawa Tachikawa,JapanBayview EdenMelbourne,AustraliaLe Mridien Melbourne (Refinance)Melbourne,AustraliaRed Planet Sapporo Susukino SouthSapporo,Japan24Hotel Investment Highlights Asia Pacific H2 2023Hotel
88、Resol Kyoto Kawaramachi SanjoKyoto,JapanPARKROYAL on Kitchener Road*Singapore*Exchanged contractsPrime Limited-Service HotelTokyo,JapanSmile Hotel MatsuyamaMatsuyama,JapanSmile Hotel NishiakashiAkashi,JapanSmile Hotel NahaOkinawa,JapanHakone GoraHakone,JapanMiramar Hotel Bangkok(lease)Bangkok,Thaila
89、ndAmari Havodda Maldives (Currently NH Collection Maldives Havodda Resort)MaldivesCapri by Fraser and Ibis Ho Chi Minh City (Currently Novotel Living and ibis Saigon South)Ho Chi Minh City,Vietnam25Hotel Investment Highlights Asia Pacific H2 2023Properties for SaleMantra MacArthur Canberra,Australia
90、Ibis Budget Dandenong Greater Melbourne AreaSebel RingwoodGreater Melbourne AreaNick MacFieNick.M+61 415 673 197Nick MacFieNick.M+61 415 673 197Gus MoorsGus.M+61 404 005 066The Treasury BrisbaneBrisbane,AustraliaAdam BuryAdam.B+61 409 308 67526Hotel Investment Highlights Asia Pacific H2 2023Ibis Bud
91、get FawknerGreater Melbourne AreaNick MacFieNick.M+61 415 673 197Nesuto DocklandsMelbourne,AustraliaPeter HarperPeter.H+61 412 560 246Ibis Budget DubboDubbo,AustraliaNick RocheNick.R+61 425 327 696Marramarra LodgeGreater Sydney AreaNick RocheNick.R+61 425 327 696Ibis Budget Coffs HarbourCoffs Harbou
92、r,AustraliaNick RocheNick.R+61 425 327 696Alex Hotel Perth,AustraliaAndrew LangsfordAndrew.L+61 422 577 415Flag Motor Lodge Perth,AustraliaAndrew LangsfordAndrew.L+61 422 577 415The Olsen&The Cullen Melbourne,AustraliaPeter HarperPeter.H+61 412 560 24627Hotel Investment Highlights Asia Pacific H2 20
93、23Properties for SaleKarnmanee Palace HotelBangkok,ThailandExclusive Beachfront Land on Koh Yao YaiPhang Nga,Thailand195-key Upscale Hotel close to Asoke-SukhumvitBangkok,ThailandWin LertpanyarojPawin.L+66 84 665 5664Win LertpanyarojPawin.L+66 84 665 5664Orn YomchindaPimpanga.Y+66 94 449 7828Full-Se
94、rvice Fukuoka HotelFukuoka,JapanJames Yukio Abe James.A+81 80 7991 8943Roppongi 4-Chome Residences(JV)Tokyo,JapanJames Yukio Abe James.A+81 80 7991 8943 Sheraton&Four Points by Sheraton Hong Kong Hong Kong,SARLing Wei TanLingWei.T+65 9623 1280Luxury Hotel in Jakarta Jakarta,IndonesiaJulien NaouriJul
95、ien.N+65 9177 3765Full-Service Yokohama Hotel Yokohama,JapanJames Yukio Abe James.A+81 80 7991 8943 Conrad Seoul Seoul,South KoreaKaran Khanijou Karan.K+66 81 497 756628Hotel Investment Highlights Asia Pacific H2 2023Mercure Hoi An Hoi An,VietnamMGallery Phu QuocPhu Quoc,VietnamFusion Cam Ranh Cam R
96、anh,VietnamTuan Nguyen QuyQuytuan.N +84 28 3911 9475Tuan Nguyen QuyQuytuan.N +84 28 3911 9475Tuan Nguyen QuyQuytuan.N +84 28 3911 9475Amaneku BeppuBeppu,JapanJames Yukio Abe James.A+81 80 7991 8943 Amaya Kuda Rah South Ari Atoll,MaldivesHotel in SingaporeSingaporeLing Wei TanLingWei.T+65 9623 1280Li
97、ng Wei TanLingWei.T+65 9623 128029Hotel Investment Highlights Asia Pacific H2 2023GurgaonBangaloreMumbaiLets set you up for successSpeak to our global to locally connected hospitality platform of over 100 hotel specialists in 15 cities across Asia Pacific.Powered by insights from:368closed transacti
98、ons across 17 markets since 2011 Over 3000advisory assignments delivered Over US$10Bin value of hotels under asset management70+assets managed across 7 countries 30Hotel Investment Highlights Asia Pacific H2 2023BrisbaneMelbourneBeijingSeoulTokyoAucklandSydneyShanghaiHo Chi Minh CitySingaporeHong Ko
99、ngBangkokTransacted US$24B since 2011#1 hotel investment advisor*in Asia Pacific for 12 years running*Ranked#1 hotel investment advisor in APAC by MSCI Real Assets since 2011 Copyright Jones Lang Lasalle IP,Inc.2023About JLLFor over 200 years,JLL(NYSE:JLL),a leading global commercial real estate and
100、 investment management company,has helped clients buy,build,occupy,manage and invest in a variety of commercial,industrial,hotel,residential and retail properties.A Fortune 500 company with annual revenue of$20.9 billion and operations in over 80 countries around the world,our more than 103,000 empl
101、oyees bring the power of a global platform combined with local expertise.Driven by our purpose to shape the future of real estate for a better world,we help our clients,people and communities SEE A BRIGHTER WAY SM.JLL is the brand name,and a registered trademark,of Jones Lang LaSalle Incorporated.Fo
102、r further information,visit .Asia PacificNihat ErcanCEO Asia Pacific Hotels&Hospitality Group Nihat.EXander NijnensSenior Managing Director Head of Advisory&Asset ManagementXander.NMarina BraccianiVice President,ResearchMarina.BAdvisory&Asset ManagementCalvin LiExecutive Vice President Head of Trans
103、action Advisory,Asia Calvin.LOhashi KuraudoExecutive Vice President Head of Advisory,JapanOhashi.KRathawat KuvijitrsuwanSenior Vice President Head of Advisory,ThailandRathawat.KKai Siang ChoSenior Vice President Head of Operator Selection,AsiaKaisiang.CRoss BeardsellExecutive Vice President Head of
104、Asset Management,AustralasiaRoss.BSashi RajanExecutive Vice President Head of Asset Management,AsiaSashi.RNathan CookExecutive Vice President Head of Asset Management,JapanNathan.CAustralia Peter HarperPeter.HGus MoorsGus.MAdam BuryAdam.BAndrew LangsfordAndrew.LGareth ClosterGareth.CTom GleesonTom.G
105、Nick MacFieNick.MacFNick RocheNick.RChina Tao ZhouTao.ZJunya WeiJunya.WHong Kong Ling Wei TanLingWei.TIndia Jaideep DangJaideep.DHarmeet BediHarmeet.BJapan James Yukio AbeJames.ACharlie MacIldowieCharlie.MacIHisao UenishiHIsao.UNaoki KogureNaoki.KNew Zealand Nick ThompsonNick.TSingapore Julien NaouriJulien.NLing Wei TanLingWei.TSouth Korea Minjoon KimMinjoon.KThailand Paul ChakrabandhuChakkrit.CKaran KhanijouKaran.KPimpanga YomchindaPimpanga.YPawin LertpanyarojPawin.LVietnam Tuan Nguyen Quytuan.NInvestment Sales