Work on some hotel projects that have been put on hold is likely to resume as liquidity improves in the third and fourth quarters of this year, according to a senior real estate research analyst.
A number of projects in Dubai and elsewhere in the region were postponed when the global crisis reduced the supply of funding to developers. But there could be an infusion of new lending in the second half of 2009, Jalil Mekouar, Executive Vice-President and Head of the Middle East and Africa at Jones Lang LaSalle Hotels, told Emirates Business.
"Investors are more inclined to wait until the summer is over before showing any strong interest," he said. "More positive investment sentiment might appear after the summer and the Holy month of Ramadan."
Read more:
http://ehotelier.com/hospitality-news/item.php?id=P16568
0 comments:
Post a Comment