CBRE ANNOUNCES THE LAUNCH OF HOTELS DIVISION IN VIETNAM

The teamis dedicated exclusively to being the hospitality industry’s premier provider of market research, consulting, valuation, and capital markets services

Vietnam, February 2, 2017–CBRE Vietnam is delighted to announce the launch of the CBRE Hotels Vietnam team, uniquely equipped to serve institutional owners, investors, and developers in the hotel and leisure sector. 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 from hotel investors, developers, financiers, and other customers.

Vietnam’s hospitality sector expects to enjoy dynamic activities resulting from increasing international attention, a variety of natural premises still awaiting hospitality developments, and further tourism incentives from the local government especially in terms of stricter safety regulations, better service quality, and relaxing visa policies.With the strong wave of hospitality growth in Vietnam recently, CBRE has received strong interest from developers, investors, and institutional groups to provide solutions for their hospitality businesses.The CBRE Hotels team in Vietnam is formed not just to meet this growing demand, but also to target the expected influx of investors to develop hospitality sites after the government’s new visa waiver and e-visa grant policies.

Robert McIntosh, Executive Director of CBRE Hotels, Asia Pacific commented: “We are now entering another exciting year for the hospitality market. 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 growing momentum in the hotel market and collaborate with our vast network of offices to offer our clients the opportunity to target key development sites within the region in the upcoming time.This will position CBRE to deliver best-in-class advice and execution for future growth in the Vietnam hotel market, as well as expand our reach to better serve our clients.”

The CBRE Hotels team in Vietnam will be led by Khoa Nguyen, Associate Director, working closely with Robert McIntosh, Executive Director of CBRE Hotels, Asia Pacific. Prior to joining CBRE, Khoa had more than 10 years’ working experience with international leading financial consulting service providers, mainly focused on valuation and advisory services for Hospitality, Real Estate, Business/Equity, and Intangible Assets. Khoa also has direct working experiences in the Southeast Asia region, including Vietnam, Thailand, Singapore, Cambodia, Laos, and Myanmar.

Marc Townsend, Managing Director of CBRE Vietnam, said: “The Vietnam hospitality market still has potentials to be developed. 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 modelling;
  • Market study;
  • 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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