Jones Lang LaSalle Hotels has increased its forecast for hotel deal volumes in the US from $4.5bn to $6.5bn this year.
Arthur Adler, managing director and CEO-Americas, said: "There is a substantial amount of equity in the marketplace waiting to be invested in hotel real estate. Additionally, debt liquidity for both for acquisitions and re-financings is slowly increasing. These market dynamics will lead to further increases in transaction activity by year end."
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