Middle East trading families driving hotel acquisitions

05 May 2014

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 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.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.