12:52 (GMT +7) - Tuesday 30/05/2017

Biz Traveler

CBRE Vietnam launches hotel division

Released at: 12:00, 08/02/2017

CBRE Vietnam launches hotel division

Photo: Duc Anh

Vietnam's hospitality sector still has room for growth.

by Doanh Doanh

CBRE Vietnam has launched a CBRE Hotels Vietnam team to serve institutional owners, investors, and developers in the hotel and leisure sector.

“We are now entering another exciting year for the hospitality market,” Mr. Robert McIntosh, Executive Director of CBRE Hotels, Asia Pacific said.  “The launch of the CBRE Hotels team in Vietnam continues to further bolster the company’s already strong position in the market. CBRE Vietnam will focus on increasing its momentum in the hotel market and continue to collaborate with our vast network of offices to offer our clients the opportunity to target key development sites within the region for the upcoming times.”

He added that this would position CBRE to deliver the best-in-class advice and execution for future growth in the Vietnam hotel market, as well as expand their reach to better serve the company’s clients.

The CBRE Hotels team in Vietnam will be led by Khoa Nguyen, Associate Director, who will work closely with Mr. McIntosh. Khoa has more than 10 years’ working experience with international leading financial consulting service providers that mainly focused on valuation and advisory services for hospitality, real estate, business/equity, and intangible assets. Khoa also has direct working experience in the Southeast Asia region, including Vietnam, Thailand, Singapore, Cambodia, Laos, and Myanmar.

The team is dedicated exclusively to being the hospitality industry’s premier provider of market research, consulting, valuation, and capital markets services to meet the increasing demand of hotel investors, developers, financiers, and other customers.

Vietnam’s hospitality sector expects to enjoy dynamic activities resulting from increasing international attention and a variety of natural sites still awaiting development. All this will help further tourism incentives from the local government especially in terms of stricter safety regulations, better service quality, and relaxing visa policies.

Due to the recent wave of hospitality growth in Vietnam, CBRE has received strong interest from developers, investors, and institutional groups to provide solutions for their hospitality businesses. The CBRE Hotels team in Vietnam was formed not just to meet this growing demand, but also to target the expected influx of investors and to develop hospitality sites after the government’s new visa waiver and e-visa grant policies.

Mr. Marc Townsend, Managing Director of CBRE Vietnam, said: “The Vietnam hospitality market still has potential to develop. Appointing Khoa to lead the hotels division in Vietnam is a great endorsement of our business, and we are confident his energetic approach and outstanding skillset will ensure the team’s growth in 2017 and beyond.”

The CBRE Hotels team in Vietnam provides industry leading hotel advisory services, including (but not limited to):

  • Valuation;
  • Financial modeling;
  • Market studies;
  • Development recommendation;
  • Financial analysis;
  • Operator selection;
  • Investment & Market advisory; and
  • Hotel brokerage & Investment sales.

The CBRE Hotels team has over 370 hospitality specialists globally with more than 50 in Asia Pacific region. As part of CBRE Hotels worldwide, CBRE Hotels Vietnam team is a mixture of transactional and consultancy specialists with in-depth understanding, comprehensive knowledge and a network and range of client contacts unparalleled in the industry.

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