Hotel Investment

Hotel investments in Asia likely to drop to US$3b in 2008

Asia is likely to register a sharp slowdown in hotel investments across the region this year, according to Jones Lang LaSalle Hotels. The hotel investment advisory company said hotel sales in Asia may drop by as much as 75 per cent, compared to last year. Some US$11 billion worth of deals were transacted across Asia in the hotel investment market last year. But Jones Lang LaSalle has forecast that hotel...

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