Hotel News Resource - Jones Lang LaSalle Hotel Industry News

One of Perth’s leading hotels, the Novotel Langley Perth, has been put to the market by Tourism Asset Holdings Limited (TAHL) in a move to capitalise on the increasing investor demand for hotel assets located in Western Australia. Jones Lang LaSalle Hotels will exclusively market the asset for sale.

Jones Lang LaSalle’s Global Office Index and Global Market Perspective reports point to consistent leasing and rental performance in 2012

Investors More Bullish on Cross-Border Transactions

Driven by debt restructuring deals, hotel investment activity is expected to remain stable across EMEA during 2012 with $11 billion worth of deals forecast for the year, reflecting transaction volumes similar to 2011 levels of $10.9 billion according to Jones Lang LaSalle Hotels' latest Hotel Investment Outlook report.

New York’s hotel room revenue per available room (RevPAR) increased by 7.4 percent through year-to-date November 2011, driven by growth in average daily room rate. Notwithstanding supply increases, Manhattan’s lodging fundamentals are expected to show ongoing strong growth in 2012.

As world leaders gather to address global challenges at the World Economic Forum annual meeting in Davos-Klosters, Switzerland, a new report by Jones Lang LaSalle (NYSE:JLL) reveals that more than half of all global real estate investment resides in 30 cities.

Healthy operating fundamentals and an abundance of equity capital will support a buoyant market for hotel transactions

Despite the continuing economic uncertainty, Jones Lang LaSalle Hotels forecasts that global hotel transaction volume will hold steady in 2012 to again reach upwards of $30 billion in deals, according to initial results from the firm’s Hotel Investment Outlook 2012 report.

The worldwide movement toward sustainability has made significant progress over the past half-dozen years as companies and cities have pursued strategies that balance future and current societal needs. Now, sustainable development is entering a new phase, characterized by greater alignment within and between the public and private sectors.

Main Italian Lessor Unicredit Leasing S.p.A. completed the sale of Hotel Majestic Sansicario, to a primary Italian Mid Market Operator