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. Global hotel investment volumes surged impressively in the first half of 2011, with REITs leading the … [Read more...]
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Hotel investor survey indicates strong ‘buy’ strategy
Jones Lang LaSalle Hotels released its bi-annual Hotel Investor Sentiment Survey, which reveals that an increased 38.6 percent of investors across the globe indicated a ‘buy’ strategy for the next six months, representing the dominant investor strategy for their short-term outlook. The largest uptick in ‘buy’ sentiment was recorded in Asia Pacific, followed by the Europe, … [Read more...]
EMEA hotel investment forecast to reach €9.5 Billion by end of 2011
Rapid Recovery in Investment Volumes in EMEA Hotel Market Hotel investment volumes in EMEA during the first 6 months of 2011 have reached €3.37 billion, a significant 73% increase on the same period last year (€1.94 billion), according to Jones Lang LaSalle Hotels. Demonstrating the recovery and strength of the EMEA hotel market, compared to volumes recorded for the same … [Read more...]
Global hotel investment to reach $34.8 billion in 2011
Jones Lang LaSalle Hotels has released its second quarter statistical analysis of the global hotel investment market, which reveals that $14.8 billion in hotel assets changed hands in the first six months of 2011. Compared with the same period last year, this represents a 117 percent increase, which according to Jones Lang LaSalle Hotels is driven by the easing levels of … [Read more...]
Travelodge snaps up 22 hotels with investment of £165m
The move will create a refurbishment work boom as the hotels are modernised and rebranded. Travelodge has also signed a new partnership with Arcadia Group Ltd to fund construction of a 96-room hotel above its Topshop store in Edinburgh’s Princes Street. The development is scheduled to open in summer 2012 and Travelodge has agreed a 35 year lease with Arcadia. Some of the … [Read more...]