Investors Look For Hotel Opportunities In Southeast Asia

Hotel transaction volumes in Asia hit US$620 million (Bt18.18 billion) in the first quarter, up 190 per cent from the same period last year, and properties in Southeast Asia are attracting investor attention, according to real-estate services company Jones Lang LaSalle.

“Rising visitor arrivals, robust trading performance and positive market dynamics have put emerging Southeast Asian markets such as Vietnam, Cambodia and Myanmar back into the investment spotlight,” Tom Oakden, executive vice president, investment sales, for Jones Lang LaSalle’s Hotels & Hospitality Group, said at a recent industry event co-hosted with Ashurst, the international law firm. …

Neighboring Cambodia, meanwhile, is on the cusp of real economic and tourism growth, with rising visitor arrivals and increasing foreign direct investment from countries such as South Korea, Vietnam and China. …

With limited hotel supply in the key cities of Phnom Penh and Siem Reap and 443 kilometers of unexploited coastline, Cambodia is attracting the attention of both domestic and regional investors and developers. …

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