Investors and lenders in the hotel industry have begun the New Year with a healthy dose of confidence following a 35 percent increase in U.S. deal volumes in 2013, and strong forward momentum globally and domestically.
Jones Lang LaSalle's latest Hotel Investment Outlook projects that global hotel transaction volumes will rise by 5 to ten percent to roughly $50 billion in 2014. The Americas should drive the increase with a 15 percent rise in 2014 with volumes totaling $28 billion, which would mark the third-largest volume on record.
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About Jones Lang LaSalle
Jones Lang LaSalle (NYSE:JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual revenue of $3.9 billion, Jones Lang LaSalle operates in 70 countries from more than 1,000 locations worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services to a property portfolio of 242 million square meters and completed $63 billion in sales, acquisitions and finance transactions in 2012. Its investment management business, LaSalle Investment Management, has $46.7 billion of real estate assets under management.
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