Singapore - The Next Chapter in Hotels & Tourism
Singapore is one of the world's leading destinations for business travellers and leisure-seeking tourists due to its geographical location, stable business environment, enticing retail offer and world class infrastructure.
As a haven for long-term investment, strong trading performance and capital appreciation in terms of hotels, Singapore is well sought after amongst investors seeking hotel ownership within the region. However, despite the significant interest, deals have been limited in recent years because of the lack of opportunity to acquire properties. Like much of Asia, hotel owners in Singapore are viewed as 'generational' - meaning vendors are less likely to sell and rather retain their asset for the long term.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 111,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.