Hotels owners across Asia are seeking greater access to debt financing to bolster cash flows as they face an unprecedented period of historically low occupancy rates, closed borders and severe limitations on air travel due to the ongoing COVID-19 pandemic, says JLL. The impact of COVID-19 on the hospitality industry across Asia continues to be […]
The number of trophy hotel assets changing hands in Asia Pacific has surged in 2015, according to JLL’s Hotels & Hospitality Group.
Hotel sales across the globe soared in the first half of 2015, with transactions adding up to US$42 billion in total.
In their latest Australian hotel market update, JLL have announced that in the first half of 2015, nearly A$2 billion (approx. US$ 1.47 billion) was invested in the country’s hotel market. 65% of these transactions were from Asian buyers.
Bank of Maldives Limited (BML) has announced that it is putting Gaaf Alif Atoll Mahaddhoo up for sale. The island has been handed over to the famous Jones Langes LaSelle Incorporated, who will decide on the sale of the island.
Focusing on investment sales in the Asia region, Mr. Ercan has been personally overseeing JLL’s engagements in the Maldives for a number of years.
SC Capital Partners, an institutional real estate private equity investment firm based in Singapore, has attained the 124 Villa, Reethi Beach Resort in the Maldives for an undisclosed amount.
The AAA Group appointed JLL “on an exclusive basis to advise on a strategic, vacant possession disposition” of the luxury resort in Noonu atoll.
In its ‘Asia Pacific Hotel Investment Highlights H2 2014’ report released this week, the Singapore-based investment advisory firm revealed that sales activity in the region fell to US$7.5 billion in 2014 from US$9.2 billion in 2013.