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Demand For Hotel Mega-Deals Poised To Soften

Published Tuesday, November 27, 2007

Hotel investors will spend upwards of $45.3 billion this year, projects Jones Lang LaSalle Hotels, which would make 2007 the fourth straight year of record sales volume. But seismic shifts in the debt market have weakened demand for so-called “mega deals” among formerly aggressive private equity investors. The credit crunch has also injected some new realities into the formerly euphoric hotel investment market.  “Private equity firms’ impact on the hotel acquisitions arena, namely on sizeable transactions, has been greater than ever,” says Arthur Adler, managing director and CEO of the Americas unit at Jones Lang LaSalle Hotels. “[But] ...

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