Heffernan keen to expand into Hotel Investments and Property Sales
The momentum of hotel investment in Thailand is likely to continue, supported by new buying opportunities, especially in tourist destinations, according to the property service consultant John Lang LaSalle.
Activity in Thailand is projected to increase as some counter-cyclical buying opportunities emerge, said Mike Batchelor, managing director for Asia’s investment sales of Jones Lang LaSalle Hotels.
The political environment is more stable and trading is expected to rebound over the next 12 to 18 months, notwithstanding the impact of the recent flooding disaster in Bangkok.
Shayne Heffernan of Live Trading News has acquired approval for a hotel or apartment development on one of Asia’s best golf courses in Phuket, Thailand. As well as being a strategic investor/financier of several others.
Live Trading News will now incorporate more Real Estate functions over the next quarter.
Read the Report on Global Tourism
Investing in Thailand
Thai tourist destinations outside of Bangkok, such as Phuket and Koh Samui, remain of high interest to international hotel investors, as the demonstrations are largely seen as limited to Bangkok with only a minor effect being seen in Phuket and Koh Samui, at this stage,” said Andrew Langdon, senior vice president of Jones Lang LaSalle Hotels.
According to its recent research, there is a very large hotel supply due to enter the market in Thailand, particularly Bangkok. The capital will see over 9,300 rooms enter the market between now and 2015, of which more than 75 per cent is in the four and five-star market, and 64 per cent of this new supply will be located in the Sukhumvit and Phloenchit, Rajdamri, Siam Square areas.
In Asia, Thailand remains in the top five tourist destinations and will continue in our opinion to remain so. Thailand remains a firm favorite with tourists due to its shopping, good value destination, service quality, and accessibility.
This is confirmed by the high number of repeat tourists, who make return visits to Thailand.
Parties interested in becoming a debt or equity partner should contact Shayne Heffernan.
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April 26, 2013
Heffernan Capital Management
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