Hotel investment to increase in 2010

16 December 2009

According to an annual review of transactions by Jones Lang LaSalle Hotels, the total value of global hotel investment transactions has declined by 64% in 2009, but the market is expected to rebound in 2010, Breaking Travel News website has reported. The firm predicts transactions for next year to be in the $11bn-$13bn range, with single hotel transactions being the driver for growth, rather than large portfolios. Asian conglomerates, along with Middle Eastern and Asian sovereign wealth funds will take advantage of currency movements to acquire prime hotel assets in the US and the UK.

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