120 views

Hong Kong hotel market most sought-after by investors: CBRE 

Investors are converting hotel assets into co-living spaces.

Investors in Hong Kong are seeking value-added opportunities in the hotel industry as Asia Pacific hotel investment grew by 46% on a yearly basis, commercial real estate firm, CBRE, said.

For trends in the Hong Kong hotel sector, CBRE noted that a number of investors are turning hotel assets into co-living spaces.

In the past six months, foreign funds acquired Butterfly on Prat, Hotel sáv Hong Kong and Travelodge Central Hollywood Road, with plans to incorporate co-living or student accommodation elements in the redevelopment. 

Meanwhile, the Town Planning Board received the application to transform the ibis Central and Sheung Wan into a residential building. 

Even as Hong Kong experienced the fifth wave of infections, the hotel industry had not seen any significant distressed assets. 

Based on its 2022 Asia Pacific Investor Intentions Survey, CBRE revealed that the number of investors expecting a discount on hotel assets declined from 99% in 2021 to 78% this year, which signals an improvement in asset price.

Follow the link for more news on

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

‘Wall-less’ office tears down barriers to collaboration amongst AnyMind’s creatives
The office opens up for employees to collaborate, relax, feed off one another’s energy, and enjoy ‘happy hour’ and ‘mental space.’
Auction houses thrive on Asian millennials’ art-buying power
Millennials are seen to be particularly drawn to contemporary art as growth for Christie’s, Sotheby’s, and Phillips are highly anticipated in art hubs Hong Kong and Singapore.
Hong Kong’s livi bank launches game-changing app for SMEs
Going fully digital on opening accounts and approving quick loans to SMEs raises ‘livi Business’ disbursements to over HK$70m (US$8.9m) as of end-April.