Chinese investors will become even more active and influential over the next 10 years, and will continue adapting to Western business practices.
China’s Ministry of Commerce has recently relaxed restrictions on overseas investment, so many Chinese investor are interested in acquiring overseas quality hotel.
China’s appetite for international travel is further encouraging investors to seek out luxury hotel assets in major cities.
China’s fifth richest man Xu jiayin is reported to take his private jet to reach Queensland’s gold coast and plans to buy Sheraton Mirage Resort.
China Environmental Resources Group Limited announces to give up the acquisition of the entire equity interest of Clear Wisdom.
Pan Pacific is planning to open its first property in the UK, with parent UOL Group snapping up a prime site in central London.
Three bidders have remained in the final leg of the race for the five-star Kempinski Hotel Zografski in Sofia, the Pressa daily has reported.
Chinese investors will spend approximately US$1 billion on a huge resort in Antigua and Barbuda, according to published reports.
In this article, we will review in list format some of the key investment and management strategies that go into maximizing the value of a hotel property.
Ctrip announced that the Company has entered into an investment agreement with Tongcheng Network Technology Share Co., Ltd.
With the robust growth of its national economy and an emerging tourism industry, China’s hotel sector has experienced rapid development in recent years.
Hotel investment volumes in Asia more than doubled in the first nine months of this year as robust tourism markets across the region helped boost sentiment among investors.
Langham is planning to expand its Asia Pacific portfolio with new property investments across the region.
Banquets/catering generates the highest percentage of revenue at 44.1%, followed by outlets (such as restaurants) with 27.4% and service charges with 11.6%.
“Changsha will be home to Fairmont’s ninth hotel in the Asia-Pacific region as we continue to expand in this important part of the world,” said Jennifer Fox, President, Fairmont Hotels & Resorts.
One factor that will help slow down this development is the willingness of banks to lend to new hotel projects, although this would not affect cash-rich investors who are already fully funded.
While hotel REITs were the most active buyers of lodging assets in the first half of 2011, they became almost extinct later in the year as their stock prices tumbled and their access to public markets evaporated.
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