Co-living projects are delivering higher occupancy and profits for property owners, underpinning efforts to acquire and convert hotels as the hospitality industry continues to suffer from tough Covid-19 measures, according to consultants.The city could see about US$300 million worth of real estate transactions involving hotels this year, JLL estimated, with the vast majority of them earmarked for conversion into co-living purposes. The volume may increase to US$500 million next year, it said…
Source : South China Morning Post
Read more…Investors turn Hong Kong hotel assets into co-living space on higher occupancy, profit appeal
