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 Dubai’s 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.