News Snapshot:
The market reported $3.9b (US$504m) total sales volume. Hong Kong’s hotel investments surged to 70.5% in the first half (H1) of 2022, marking the strong demand for the hotel sector , JLL said. Total hotel sales volume went up from $2.3b (US$295.5m) in the second half (H2) of 2021 to $3.9b (US$504m) to H1 2022, the property research firm added. Jonathan Law, vice president, JLL Hotels & Hospitality Group, said investors in the city are choosing hotels to convert into co-living spaces as they are eyeing assets that are highly accessible to mass transport, which will attract young professionals looking...
