Hotel investment recovery forges ahead

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…