United Kingdom
United States
Asia Pacific
US hotels reach new dealing record
US hotel transaction volume grew to more than $21 billion last year for a new all-time high, outpacing the previous year’s record-breaking $12.9 billion by 63%.
Jones Lang LaSalle Hotels reported 218 US hotel transactions with a value of more than $10 million.
Arthur Adler, managing director and CEO-Americas for LaSalle, said:
“The appeal of hotels as an asset class and subsequent strength in capital market activity is due to a combination of factors.”
These included strong industry fundamentals, controlled levels of new supply and an optimistic outlook for the lodging industry, among other factors.
“In addition, the number and diversity of buyers, including off-shore investors and an increasing interest by owners to bring properties to market has spurred activity,” he said.
Topping the list of biggest sellers last year were The Blackstone Group, CNL Hotels and Resorts, InterContinental Hotels Group, Hilton Hotels Corporation and Starwood Hotels and Resorts.
Eight of the top ten single-asset hotel transactions last year exceeded $250 million.
Report by David Wilkening
Related News Stories:
David
Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns
James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel
Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination
Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics
Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy
Bubba O’Keefe on Clarksdale’s Vibrant Music Scene
Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee
Craig Ray and the Expansion of the Blues Trail
Presenting Mississippi’s Cultural Trails with Katie Coats
Robert Terrell: A Journey Through BB King’s Influence
Rochelle Hicks: Celebrating Mississippi’s Musical Legacy
Exploring Jacksonville with Katie Mitura: The Flip Side of Florida
Dozens fall ill in P&O Cruises ship outbreak
Turkish Airlines flight in emergency landing after pilot dies
Boy falls to death on cruise ship
Unexpected wave rocks cruise ship
Storm Lilian travel chaos as bank holiday flights cancelled