Hotel sales are expected to increase dramatically this year due to the emergence of more real estate investment trusts (REITs), which will help pour liquidity into the hotel investment market, says property consultancy Jones Lang LaSalle (JLL).
Andrew Langdon, executive vice-president for Thailand and Indochina in JLL's hotel and hospitality group, said there will be fewer landmark deals but hotel sales will remain buoyant, with a greater interest in small ones valued between 200 million and 1 billion baht.
"Thailand has experienced a series of crises in the past decade that have caused volatility in the defined hotel market, especially in Bangkok," he said. "The country remains a resilient market with an overall increase in tourist arrivals. Hotel investors are confident in the country, particularly for resort destinations that have seen a limited impact from any volatility caused by the political demonstrations in Bangkok."
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