Hotel investments buck falling trend

Hotel investments have showed a remarkable resilience in China this year, notwithstanding the sluggishness in the commercial property market and the ongoing government crackdown on corruption, a report said on Monday.

Hotel investments in China during the first six months of the year surged to about $1 billion, an 83 percent growth over the corresponding period in 2013, according to the Asia Pacific Hotel Investment Highlights report released by Jones Lang LaSalle, the Chicago-based global real estate services firm.

At the same time, many of the property owners are looking to exit from their old assets in China as the market has more or less reached a low point in the investment cycle, after some difficult years, the report said.