Hotel investment recovery forges ahead
2022 marks second year of growth
Hotel investment continues to be robust with sales volume this year expected to be 30% higher than the 10-year average pre-pandemic amount, the second consecutive year of growth, according to property consultant JLL.
Chakkrit Chakrabandhu Na Ayudhya, executive vice-president of investment sales for Asia at JLL Hotels & Hospitality Group, said hotel sales volume this year would either tally the same amount as last year or possibly see growth of 10%-15% over last year.
“The number of hotels being sold this year will be lower as most of them will be bigger in size with over 1 billion baht per deal, compared with 500-600 million baht on average last year,” he said.
In 2021, there were 23 hotels with around 3,000 keys sold for a total of 13.2…