• Jones Lang LaSalle increases 2010 hotel deal outlook

Jones Lang LaSalle Hotels has boosted its forecast for US hotel transactions this year to up to $4.5bn as a jump in room rates and occupancy spurs investor appetite for lodging companies.

Jones Lang LaSalle earlier forecast $3.5bn in transaction activity in the United States in 2010.It is now forecasting a new range between $4bn and $4.5bn. This excludes the roughly $4bn sale of Extended Stay America, which is expected to be completed this year, news wires reported.


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