JLL’s Hotels & Hospitality Group has released its 2015 Middle East Hotel Intelligence Reports for the key markets of Dubai, Abu Dhabi, Doha, Jeddah and Riyadh at the Arabian Hotel Investment Conference in Dubai. Amid strong international appetite for hotel assets in the Unites States, Western Europe and Asia Pacific, the Middle East and Africa region continues to witness solid hotel development activity and destination building.
The latest Jones Lang LaSalle Hotel Investment Highlights report shows hotel development constricting, with the supply of new bedrooms increasing by only 5.6% of existing stock between 2012-2014.
Jones Lang LaSalle Hotels announced it has promoted four executives. Adam McGaughy has been promoted to Managing Director, while Tony Muscio and Stewart Brown were promoted to Senior Vice Presidents, and Johnny Wong to Vice President.
Hotel investment activity in EMEA slightly weakened in the first 6 months of 2012 when compared to the same period in 2011 according to Jones Lang LaSalle Hotels.
Jones Lang LaSalle Hotels announced that it has arranged the sale of the Grand Hyatt Washington in Washington, D.C., on behalf of 1000 H Street, LLC and 1000 H Street Trust.
Jones Lang LaSalle Hotels to market Hilton Auckland for sale.
Jones Lang LaSalle Hotels announces the promotion of Gregory Rumpel and Jeffrey Davis to Managing Director.
Jones Lang LaSalle Hotels has released its second quarter statistical analysis of the global hotel investment market, which reveals $14.8 billion in hotel assets changed hands in the first six months of 2011. The analysts anticipate full-year numbers to reach $34.8 billion globally, marking a 28 per cent year-on-year increase.
Year-to-date, hotel deal volume has notched to $4.7 billion, outpacing the original forecast by $200 million
Jones Lang LaSalle Hotels has been selected to exclusively market for sale the 183-room Loews Denver Hotel on behalf of Loews Cherry Creek Hotel Corporation.
Jones Lang LaSalle Hotels has been selected to exclusively market the 451-room Sheraton Universal Hotel located in Universal City, Calif., located approximately 10 miles from downtown Los Angeles.