Driven by debt restructuring deals, hotel investment activity is expected to remain stable across EMEA during 2012 with $11 billion worth of deals forecast for the year, reflecting transaction volumes similar to 2011 levels of $10.9 billion according to Jones Lang LaSalle Hotels' latest Hotel Investment Outlook report.
With nearly $1.1 billion in hotel transaction activity across the country in 2011, the year ended as the highest year in volume since 2007 and the fifth highest year on record for volume since we began tracking trends in 1985. The overall transaction market saw strong improvements across all metrics. Complete details will be released in our 2012 Canadian Hotel Investment Report which will be published prior to the end of Q1 2012.
New Yorks hotel room revenue per available room (RevPAR) increased by 7.4 percent through year-to-date November 2011, driven by growth in average daily room rate. Notwithstanding supply increases, Manhattans lodging fundamentals are expected to show ongoing strong growth in 2012.
This article discusses why the cost of capital available to developers influences whether they will require subsidies. A strategy to minimize public subsidies involves seeking the most qualified developer who also has the lowest cost of capital.
STR Global reports on the latest hotel pipeline in Poland and Ukraine in light of the upcoming UEFA European Football Championship taking place between from 8 June to 1 July 2012.
As world leaders gather to address global challenges at the World Economic Forum annual meeting in Davos-Klosters, Switzerland, a new report by Jones Lang LaSalle (NYSE:JLL) reveals that more than half of all global real estate investment resides in 30 cities.