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Hotel Deal Volume Forecast to Rise Up to 40% Globally in 2010

Published Thursday, December 17, 2009

For the first time in two years, hotel transactions may finally be on the upswing. In a new report, Jones Lang LaSalle Hotels forecasts that global hotel transaction volume will increase next year by 20% to 40%. The brokerage and real estate services firm projects that transaction levels could reach $11 billion to $13 billion in 2010, up from an estimated $9 billion worth of deals in 2009. Asian investors are expected to play a key role in the investment surge, as they scout for buying opportunities in the United States and Europe. Across the ...

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