NEW YORK CITY—JLL's Hotels & Hospitality experts say thesector is on track to reach $25 billion in transaction volumes inthe US in 2014, GlobeSt.com has learnedEXCLUSIVELY.
Driving the forward momentum is an abundance of equitycapital—led by private equity and REITs but also including adiverse array of other investor types, including off-shorebuyers; strong debt markets, including the re-emergence ofthe floating rate CMBS market; the resurgence of the resort sectorand rising revenue per available room (RevPAR).
“With $8.3 billion already tallied in hotel transactions in theUS, 2014 is on track to contribute to the hotel sector's momentum,”says Arthur Adler, Americas CEO and managing director of JLL'sHotels & Hospitality Group. “There is plenty of availablecapital chasing assets ranging from high-profile full-servicehotels to select service portfolios to resorts in markets acrossthe spectrum.”
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
