Chinese investors became more than a quarter of Australian hotels that hit the market last year likely to be stimulated further by the Australian dollar drops a shopping spree aggressive.
A surprising 28 percent of Australians hotels sold in 2014 went to Chinese buyers, with $ 2.75 billion changing hands across Australia and New Zealand, figures show JLL.
The sharp fall in the value of the Australian dollar was likely to overfeed Chinese investment this year, Mark Durran of JLL Hotels & Hospitality Group said.
"There is no reason to expect that Chinese investment will not continue this year and hope to represent approximately 50 percent of all hotel transactions in 2015," he said.
JLL figures show domestic investment was 46 percent in 2014, up 24 percent from the previous year, suggesting Australian investors were also willing to buy high quality hotel assets.
Last year the Sydney Sheraton on the Park sold for $ 463 million, is expected to sell the only hotel in Australian hotels history.Queensland who will become the next target larger assets, JLL predicted. "There is no doubt that Queensland, in Brisbane, and in areas such as the Gold Coast and Cairns, offer some quality hotel assets," said Mr. Durran. "Do not be surprised to see a number of regional operations pass around Australia in 2015. For several years, since the GFC, the market has been in decline, but now we are seeing a combination of foreign investors, high wealth and operators Hotel is back on. "
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