More economy and mid-range hotel operators in China are leasing office buildings for conversion to guest accommodation, and such flexible, mixed-use approaches are expected to increase amid a continued weakening of the office market.
In some Chinese cities, the practice of multiple hotel brands co-leasing separate floors within a single building has become more prevalent, fuelled by interest from both property owners and hotel operators.
In Hangzhou, the capital of eastern China’s Zhejiang…
Hotel conversions gain traction in China’s office market amid high vacancies
