In a report by CBRE on third quarter 2018 hotel activity, investment transaction volume was observed to decline as activity was constrained by lack of stock for sale. In summary

• Korea investment activity recovered as several mid-range hotels change hands amid heightened interest from local and foreign investors
• Both local and foreign investors see Thailand as an interesting investment destination
• Shortage of assets for sale in Japan resulted in few small and medium related party deals
• Quality assets remain tightly held in Hong Kong, resulting in few transactions
• Sentiment is strengthening in Singapore as hotel performance came in solidly amid growth in tourism arrivals
• Lack of stock for sale in Australia resulted in low deal volume despite investor interest

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• Local buyers displayed robust demand but only a few small transactions were recorded
• Interest from domestic purchasers remain strong
• Foreign investors continue to seek for opportunities but high asking prices and low yields are inhibiting activity ...