New CBRE Hotels’ research shows that domestic purchasers spent just $3.2 billion on Australian hotel property over the same period – well under half of what was invested by their Asian counterparts.
Chinese buyers increase their share of Australian hotel transactions
Chinese investors have upped the ante in the Australian hotel sector, accounting for 42% of the $1.7 billion in hotel sales year-to-date according to new research from CBRE.
Tokyo, Osaka hotel stock forecast to increase by 20-30% by 2018
CBRE Hotels and Research report also shows Japanese hotel transaction volume recording a three-fold increase since 2012.
US national occupancy reaches new high while local levels begin to decline
According to the March to May 2016 edition of Hotel Horizons, CBRE Hotels’ Americas Research is projecting a year-end 2016 occupancy level of 65.7 percent, 20 basis points greater than the record level of occupancy achieved in 2015.
Ben Martin-Henry appointed Research Manager, Hotels at CBRE
Mr Martin-Henry joins CBRE after eight years with MSCI Inc, a leading provider of investment decision support tools worldwide.
More Irish hotels sold in Q1 2015 than during entire year of 2014
Sales of hotels in Ireland for Q1 this year totalled €500 million making this the busiest year on record.
