Favorable conditions are leading to a an upsurge in global hotel investments and transactions, including a 187 percent increase in the Americas during the first six months of 2011 over the same period in 2010, according to a report from the hotel investment services firm Jones Lang LaSalle.
The Americas registered $7.4 billion in transaction volume, largely driven by large single-asset deals in major gateway cities such as New York. The report credits the upsurge to easing levels of liquidity, improved hotel trading performance and banks’ actions to speed up workout programs.
