Property developers in bed with hotel brands

October 12, 2017 by  
Filed under News, Thailand

BANGKOK, 12 October 2017: Southeast Asia’s real estate love affair between property developers and hotel brands is morphing into a feeding frenzy, according to C9 Hotelworks’ new SE Asia focused Hotel Residences Market Trends.

With nearly 100 mainstream hotel residence projects and over 21,000 units completed, the next three years will see sector boldly expanding into new territory.

The reports states that between 2018 and 2020 new completed units will represent a massive 83% increase over existing supply. Read more

Dubai unveils mega projects

September 14, 2017 by  
Filed under Middle east, News

DUBAI, 14 September 2017: Property developers in Dubai showcased new multi-billion-dollar mega-projects on Monday despite falling prices, in the hope of stimulating demand and helping to end a three-year market downturn.

Exhibitors at the three-day Cityscape Global showed off models of high-end skyscrapers and even “Floating Venice”, a resort complete with underwater suites.

The USD680 million Venice development 4 km (2.5 miles) off Dubai will have capacity of 3,000 visitors. Read more

Robust sales in Bangkok’s hotel market

July 27, 2017 by  
Filed under Hospitality, News, Thailand

BANGKOK, 27 July 2017: Direct investment in Thailand’s hotel sector reached THB10.7 billion in the first half of 2017, according to JLL Hotels & Hospitality Group.

This figure is attributed to four major transactions, comprising of five hotels in Bangkok and Pattaya.

“As a comparison, 2016’s full-year investment volume was only THB 9.6 billion,” said JLL Hotels and Hospitality Group head of investment sales Asia, Mike Batchelor. “The robust investment activity recorded in the first half reflects investors’ continued appetite for hospitality assets in Thailand and confidence in the long-term outlook of the country’s tourism industry.” Read more