TO TAP the burgeoning hotel market in Asia, international real estate management firm Savills has set up Savills Hotels Asia Pacific, specialising in hotel sales and investments, consultancy, asset management and valuation.
Savills Hotels established its Singapore headquarters last September, followed by Japan and Australia offices.
Explaining why these three countries were chosen, Nathalia Wilson, associate director, Savills Hotels Asia Pacific, said: “We have been actively receiving the most interest and leads from operational hotel assets in these three established markets.”
Since then, Savills Hotels has been responding to a growing number of enquiries from the region, which includes countries like Hong Kong, Thailand, Indonesia and South Korea.
Wilson highlighted consulting and asset management as one of their key business lines. “Our goal is to provide our clients with professional and high-quality personalised service to maximise value of their hotel assets throughout their investment cycle from development, acquisition and holding period to disposition.”
Savills’ portfolio comprises commercial, residential, service apartments, mixed-use developments, with over 500 offices and associates around the world today, of which 46 are in Asia-Pacific.
Wilson said: “Our hotel team may be formed overnight, but we can leverage the existing robust Savills platform, knowledge and experience to service our clients’ different investment strategies and needs.”
She added that her team of six had diverse skill sets ranging from hotel operations to investment, which would help the company come up against competitors such as Jones Lang LaSalle, CBRE and Horwath HTL.
Savills already has hotel teams in the UK and US, overseeing the two regions.