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Phuket Hotel Investments Anticipated to Reach Record
Sales of  U.S. $315 million in 2012


BANGKOK AND SINGAPORE, 30 July 2012 – Jones Lang LaSalle Hotels is predicting the island resort of Phuket to be one of Asia Pacific’s hotel investment hot spots in 2012, following record sales in the first half of the year. Investment in the hotel property sector in Phuket is expected to exceed THB10bn (US$315m) for the full year for first time ever in 2012.

Mike Batchelor, Managing Director of Investment Sales at Jones Lang LaSalle Hotels said: "Phuket has seen record investment in the first half of 2012 and the market looks on track to enter a renewed period of growth as savvy international investors strategically secure landmark properties in Asia's premier resort destination.”

"With international passenger volumes surging 30% in 2011, the island’s international appeal remains strong. In fact, international visitors to Phuket exceeded domestic arrivals for the first time. This growth has been fuelled by excellent air links and the expansion of low cost carriers across the region,” Batchelor added.

Other factors driving growth to the region include a US$180m planned airport upgrade slated to commence later this year, which will double the existing capacity to 12.5m passengers per annum. In addition, political stability in Thailand since the 2011 elections has seen international confidence return to the region as evidenced in the spate of recent sales.

Further activity is expected in the second half of 2012 with Jones Lang LaSalle Hotels launching a five star asset on Phuket’s west coast this week, which is scheduled to open ahead of the peak season this year.
 
About Jones Lang LaSalle
Jones Lang LaSalle (NYSE: JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2011 global revenue of US$ 3.6 billion, Jones Lang LaSalle serves clients in 70 countries from more than 1,000 locations worldwide, including 200 corporate offices. The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 2.1 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with US$ 47.2 billion of assets under management.

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Contact:

Zina Zhang
+65 8423 3744
zina.zhang@ap.jll.com


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