Global hotel deals volume is forecast to increase by 15% to 25% this year, according to Jones Lang LaSalle Hotels.
The prediction came as the group reported that $24.3bn in hotel real estate had traded hands globally in 2010. The Americas region saw transaction volumes increase five-fold to $11.1bn, driven by Reits and the $3.9bn purchase of Extended Stay Hotels. Europe, Middle East and Africa was the second most liquid region, experiencing a more than 110% jump in volumes to $9.3bn.
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