Hotel News Resource - Jones Lang LaSalle News

One of London’s leading hotels, the St. Ermin’s hotel in Westminster, has been put to market by global fund manager Angelo Gordon and turn-around specialist and hotel manager Amerimar in a move to capitalise on the increasing investor demand for hotel assets in London.

The Polish hotel market was one of the best performing in Europe in 2011 with hotels in Warsaw posting an 8.3% appreciation in room yield when compared to 2010, according to Jones Lang LaSalle Hotels’ latest Hotel Intelligence report.

Jones Lang LaSalle Hotels says transaction volumes to spike at $650 million in 2012 as investors look beyond the beach for investment opportunities

Despite improved hotel trading performance in Dublin and some regional Irish cities, the Irish Hotel Investment Market remains relatively subdued and investment activity is confined primarily to Dublin, according to Jones Lang LaSalle Hotels’ latest Hotel Intelligence report for Ireland.

In the last two years, the Dutch hotel investment market saw an uplift in activity, driven by the country’s stable economic environment and growth in trading fundamentals according to Jones Lang LaSalle Hotels’ Intelligence report for Amsterdam. Investment activity was concentrated on quality assets in Amsterdam, with German funds being one of the most active buyer types.

The study, which contains views from around 100 leading thinkers about the future of cities into the second decade of the 21st century, aims to make a serious and timely contribution to the debate about London’s future at a critical juncture where the Mayoral election is decided and London, economically and socially has much to achieve over the next decade.

Target Countries include Indonesia, Malaysia, Nigeria, Turkey and Vietnam

According to Morningstar, Inc., nearly $21.7 billion of hotel CMBS loans are maturing in 2012 and Jones Lang LaSalle Hotels’ experts say many of these loans have already been extended at least once.

In the first quarter of 2012, hotel investment volumes in Europe, Middle East and Africa (EMEA) totalled €1.5 billion, a 39 % decline compared to Q1 2011. However, volumes in Q1 2011 were distorted by approximately €1billion from three significant transactions (Marriott Champs Elysées, Ritz Carlton Moscow and a large Accor European portfolio), so stripping these out, volumes increased by 7% compared to the same period last year. Single asset deals accounted for 74% of transactions.

Preliminary direct commercial property transaction volume figures released today by Jones Lang LaSalle Capital Markets Research demonstrated a subdued first quarter of 2012, with recorded volumes down compared to the same period in 2011.