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With continuous interest from investors, lenders, and hotel operators regarding the earthquake’s recent impact on Japan’s hotel industry, “FocusOn: Japan’s Hotel Market After The Quake” summarizes influential factors and trends on hotel trading performance as well as hotel capital markets in Japan.
Mr. Tom Sawayanagi, Managing Director Japan Jones Lang LaSalle Hotels noted, “While inbound volume to the country is still some 10% behind last year’s same month, monthly hotel trading performance in December 2011 for the Tokyo Full-Service Hotel sector showed positive 3.7% growth as compared to the same month of the previous year for the first time since the 3-11 earthquake occurred. The pace of the recovery is, in fact, much faster than our original estimation.”
Mr. Sawayanagi added, “The number of hotel sales transactions grew from 42 to 55 in 2011 despite the natural disaster. That said, five were sold for redevelopment for non-hotel use and only two were sold at more than JPY5 billion. We expect more transactions based on stabilized cash flows and cap rates this year.”
“FocusOn: Japan’s Hotel Market After The Quake – Final Update as of April 2012” is available for download below.
Jones Lang LaSalle Hotels is a global real estate services firm focused exclusively on hotels & hospitality. We provide acquisition and financing advice, valuations, investment sales and asset management for luxury hotels, select service and budget hotels, smaller hotels and pubs, from single assets to large portfolios and mixed-use developments. In the last five years we completed nearly 4,000 advisory and valuation assignments and more sale, purchase and financing transactions than any other hotels real estate firm in the world…worth over $30 billion. With 42 offices in 20 countries, no other firm is better connected. Through our depth and breadth of research and experience we know the market at every level, we know the players and we know how to get results.Jones Lang LaSalle Hotels know how www.joneslanglasallehotels.com
Aki Nakata, Hotels
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