Jones Lang LaSalle(US:JLL) Zhi Tong Cai Jing·2025-11-12 08:07Group 1 - The total hotel transaction value in Hong Kong for the first three quarters of this year is approximately $457 million (around HKD 2.7 billion), significantly higher than $221 million in the same period of 2024, representing an increase of about 106% [1] - The increase is primarily driven by a low transaction volume in the same period last year and a major transaction involving the sale of the Victoria Harbour Hotel in Kwun Tong for nearly HKD 2 billion [1] - Looking ahead to 2026, continued pressure from developers and high-net-worth individuals to liquidate assets is expected to drive hotel transactions, while private equity funds and institutional investors will seize investment opportunities arising from performance and valuation discrepancies [1] Group 2 - The total hotel transaction value in the Asia-Pacific region is projected to reach $11.9 billion in 2025, slightly down from an earlier estimate of $12.8 billion due to prolonged transaction completion times amid geopolitical uncertainties and heightened due diligence requirements [2] - Despite these challenges, the overall investment activity is expected to accelerate as some transactions currently under due diligence are completed in the second half of the year [2] - The Asia-Pacific hotel investment market is anticipated to continue its growth trend, with total investment expected to rise to $13.3 billion in 2026, representing an increase of over 10% compared to 2025 [2]