Hotel acquistions to top $50bn in 2014
The value of hotel asset transactions is set to rise by more than 5 per cent to $50bn in 2014, according to JLL chief executive for hotels and hospitality Mark Wynne-Smith.
Talking to a gathering of leading regional hotel investors and developers at the Arabian Hotel Investment Conference (AHIC) at Dubais Madinat Jumeirah on 5 May, Wynne-Smith said: In the Middle East, trading families are now making acquisitions.
Wynne-Smith said the US is now the most buoyant hotel acquisition market.
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