Australia’s major asset management firms have come together to form a Australia, New Zealand, Pacific chapter of the Hospitality Asset Managers Association (HAMA).

Colliers, Gatehouse, JLL, Mulpha, Pro-invest Group, Salter Brothers and THSA are among the firms to have signed up to establish this new regional chapter, which launched at the Asia Pacific Hotel Industry Conference and Exhibition (AHICE) on Thursday.

Speaking on stage at AHICE, THSA Managing Director, Rodger Powell, said it will give a voice on issues relative to owner investment and asset management, and lift the professionalism of this sector.

“We’re very excited. It’s a new step forward for our part of the sector, and we think it will help, ultimately, owners to get better return on their investment,” Powell said.

HAMA has thousands of members in the US and Europe. Its members are required to have a minimum of two years’ experience in the practice of asset management, ensuring a high standard of practice across the network.