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January 5, 2011

US Hotel Investment Volume to Rise in 2011

The volume of investments in the hotel sector across the US is expected to rise by 25% this year, according to global real estate services firm Jones Lang LaSalle Hotels. The rise in hotel sales and acquisitions is likely, with real estate investment trusts and foreign investors ex

By cms admin

The volume of investments in the hotel sector across the US is expected to rise by 25% this year, according to global real estate services firm Jones Lang LaSalle Hotels.

The rise in hotel sales and acquisitions is likely, with real estate investment trusts and foreign investors expected to be the dominant buyers.

Transactions may rise to $13bn this year from $10.5bn in 2010.

According to the estimate, the US is witnessing an increase in business and leisure travel and will continue to be one of the most active markets for deals globally.

Revenue per available room (revPAR) in the top 25 US markets rose to $76.61 during the first 11 months of 2010 from $71.55 a year earlier, according to Smith Travel Research.

Investors from the Middle East will help increase transactions throughout the US East Coast this year, while Asian buyers are expected to invest in the western region, according to bloomberg.com.

Asian buyers accounted for 8% of US purchases in 2010.

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