Investment funds looking to acquire debt laden hotels in Vietnam

According to CBRE Hotels Vietnam, from the beginning of this year, most hotels in HCMC have closed while the ones that are still open only operate at a capacity of only 1-5%. As for hotels in Hanoi, the occupancy rate for 3 to 5 stars hotel only reached 8% afterx2 the second outbreak occurred.

As a results, many hotels and resorts owners are looking to sell their properties, with coroprations and investment funds are also willing to buy them at low price. However, the market has yet to record many 4-5 stars assets being sold.