Global hotel investment to hold steady in 2012, says jones lang lasalle

Global hotel investment volumes surged impressively in the first half of 2011, with Real Estate Investment Trusts leading the way and signs of debt market revival encouraging activity, according to the latest report from international commercial real estate advisors Jones Lang Lasalle Hotels.

Economic uncertainty returned in the second half of the year causing momentum to falter, although deals continued, especially in the United States, reaching a forecasted level of $30 billion worldwide, an increase of 13% over 2010.

Despite the continuing economic uncertainty, Jones Lang Lasalle Hotels forecasts that global hotel transaction volume will hold steady in 2012 to again reach upwards of $30 billion in deals, according to initial results from the firm’s Hotel Investment Outlook 2012 report.

‘So far, the dislocation in the financial markets has not impacted underlying trading fundamentals. This has reassured investors to a certain degree and has underscored the attractiveness of high quality, income producing hotel real estate as an asset class,’ said Arthur de Haast, chairman of Jones Lang Lasalle Hotels.

Source: PropertyWire.com