Hotels are among the leading asset class for investment in Brazil, with the country expected to suffer less and for shorter than mature markets, according to a new report from Jones Lang LaSalle Hotels.It argues that hotels in Brazil, which in contrast to the majority of hotel markets across North America and Europe which are suffering double-digit revenue per available room declines, are better positioned to weather the challenging economy.

Jones Lang LaSalle Hotels reported today that the transaction volume ofÊ hotels grew to $12.9 billion for the full year 2004, reaching an all-time high, and nearly doubling the volume of 2003. The company reports 155 transactions with a value of more than $10 million, representing 109,600 rooms with an average price per key of $117,991 in 2004.