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Dubai Liquidity Issues Mute Hotel Transactions

Category: Hotels, Posted:12 Sep 2009 | 09:49 am

Despite many institutions turning to developed hotel markets to buy assets for long term yield potential the current lack of liquidity in Dubai is limiting hotel transaction volume. Unlike the flight of a great deal of hotel investment capital from Asia to purchase hotels in Australia with the promise of a solid developed market and ongoing yields, these buyers are coming up short in the Middle East.
Sellers are also a scarce breed with operating margins in the market retaining reasonable levels of profitability so while there may be some stress, there is little distress. It's not unlike the current transaction market in Thailand or Phuket for that matter and we are still seeing few banner hotel sales similar to the 1997 Asian financial crises. At that time many thought hotel trading would be fast and furious but it simply did not happen. What we do see is smaller assets trading though pricing is not rock bottom and the more developed markets attracting increasingly cautious buyers.

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C9 Hotelworks Releases ‘The Phuket Luxury Report’

Category: Hotels|Real estate|Tourism, Posted:01 Nov 2024 | 08:27 am C9 Hotelworks newly released ‘The Phuket Luxury Report‘ explores the rising prominence of Phuket as the leading luxury destination in Southeast Asia. What is driving demand for Phuket’s luxury real estate? The island’s combination of natural beauty, high-end amenities, and competitive pricing draws affluent investors and tourists worldwide. Compared to destinations like Miami, Dubai, and […]
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C9 Sessions Are Back This Thursday, The Phuket Luxury Report

Category: Hotels|Real estate|Tourism, Posted:27 Oct 2024 | 10:38 am The C9 Sessions are back in Phuket this Thursday 31st October 2024.   We have an awesome 90-minute program on luxury real estate, Michelin restaurants, international schools, hospitals and more. Phuket has changed dramatically over the last few years as it has morphed from a tourist haven to a residential destination. The more recent transformation is […]
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C9 Hotelworks New Thailand Branded Residences Report Released

Category: Hotels|Real estate, Posted:21 Sep 2024 | 09:19 am In 2020, Aman Nai Lert Bangkok established a new standard for ultra-luxury branded residences positioning itself as the best-in-market product at the time. Today, the Porsche Design Tower Bangkok, developed in partnership with Ananda Development, has pushed those boundaries further, surpassing THB1 million (just over USD33,000) per square meter. This landmark project not only raises […]
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