The report came on 14th July from TTG Asia that Malaysia hotels draw growing investor interest amid pandemic. The hotel owners putting their properties up for sale at below market rates, because of The pandemic has exacted a toll on the hospitality industry.
With more offer at the hotels gives the opportunity for investors to make their move. Amid such a climate, hotels in Malaysia have attracted growing interest from investors.
Listings of Malaysia hotels for sale on Zerin Properties has increased by 40 per cent year-to-date, with rising interest from investors, both local and overseas.
Zerin Properties managing director and CEO, Previndran Singhe, shared that one of the reasons for the uptick in investor interest for hotel assets in Malaysia is that asking prices for these properties have dropped between 10 to 35 per cent as compared to pre-lockdown.