According to Jones Lang LaSalle Hotels, a hotel investment advisory firm, global hotel transactions jumped to $23.4 billion last year and will post further gains of up to 25 percent in 2011.
Growth in 2010 was most dramatic in the Americas region, with transaction volume increasing five-fold to $11.1 billion, partly fueled by the $3.9 billion sale of Extended Stay Hotels. Hotel sales in the region are expected to top $13 billion this year, partly driven by bank-forced sales and rising investor confidence.
