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Hotel scquisitions will rise 28pct to $34.8 bln in 2011, Jones Lang says

Posted on 14 July 2011

Purchases of hotels probably will rise 28 percent to $34.8 billion worldwide this year as climbing occupancies lure investors to the properties, Jones Lang LaSalle Hotels said.
Lodging transactions increased to $14.8 billion in the first half of 2011, up 117 percent from a year earlier, the London-based company said in a statement. In the Americas, acquisitions totaled $7.4 billion, up 187 percent, driven by deals in such large cities as New York………………………………………Full Article: Source


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