Hotels | Lush Dream Home

Tag Archives: Hotels

TA Global to create hotel chain

Posted on 21 Oct 2009 | Comments Off

TA Global Bhd, set to become Malaysia’s fifth-biggest listed property group, plans to double the number of hotels it owns in five years, adding to a portfolio that includes the Radisson Plaza in Sydney and the Westin Melbourne.

Ms Tiah: ‘I want to buy hotels in gateway cities like London’

It wants to build at least two hotels in Kuala Lumpur and make acquisitions in overseas markets from the UK to Canada, said Alicia Tiah, managing director and co-founder of its parent company, the Malaysian brokerage TA Enterprise Bhd.

‘Definitely we want more. We want to develop our own chain. I want to buy hotels in gateway cities like London,’ she said in an interview in Kuala Lumpur yesterday. ‘But some are not cheap, some too big, some too small; it takes time to get the right fit. I want people to show me what they have.’

TA Enterprise, whose shares have more than doubled this year, folded all its property assets into TA Global, which will be listed on the Kuala Lumpur stock exchange on Nov 23 to tap a resurgent stock market. Continue reading →

Comments Off on TA Global to create hotel chain

Posted in Overseas Property

Tagged Hotels, Malaysia Property, TA Global

Land of buying opportunity Down Under?

Posted on 24 Sep 2009 | Comments Off

While Australian hotels may have been slow to transact in recent times, a pick-up in activity is expected in the coming months

SOUTH-EAST Asian investors are starting to scour Australia’s hotel market in the hopes of finding similar value to the hotel investments they made in the mid-1990s. It can be said that Asian investors were net real estate buyers between 1994 and 2003 before turning into net sellers between 2003 and 2006. That sell period was correlated to an improvement in hotel performances, lifting asset values, together with an appreciation of the Australian currency. This resulted in investors realising handsome capital gains when repatriating the funds back to their homeland.

Fast forward to September 2009 and a repeat cyclical trend may possibly be emerging. Indeed, as identified in the table above, all of the major hotel transactions that took place over the last 12 months are attributable to South-east Asian investors including Singapore’s Hotel Grand Central, Thailand’s TCC Land and Malaysia’s TA Enterprises Berhad. Notwithstanding the sale of the Westin Melbourne, hotels have transacted between A$190,000 and A$320,000 (S$234,717 and S$395,313) per room. Based on anecdotal evidence, this would appear to represent an, at times, steep discount by reference to full replacement value (after factoring land cost).

Cushman & Wakefield is aware of a number of hotel properties available to investors, both on and off-market, at the ‘right’ price. While Australian hotels may have been slow to transact in recent times, a pick-up in activity is expected in the coming months. But let us first ask the obvious questions – why hospitality and why Australia? Continue reading →