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the Sale of 19 Hotel Transactions in December |
ATLANTA � January 13, 2006 � Jones Lang LaSalle Hotels Select Service
Division announced today that they advised multiple sellers in the disposition
of 19 hotels in the month of December. Located in urban and suburban markets
across the country, the properties comprised 2,458 rooms, which included
these assets:
..
�Of the 19 transactions we arranged in December, 15 were owned by private investment groups while only four were lender owned. This is a huge shift from a year ago where most transactions were lender owned and the private capital was just beginning to escalate,� said Keith Thompson, one of three managing directors for Jones Lang LaSalle Hotels Select Service Division. �We are clearly in a seller�s market where property value is dictated by brand protection, timeless design of the physical structure and market locale. The Jones Lang LaSalle Hotels Select Service Division continues its performance of closing at least one hotel transaction every six to seven days.� About Jones Lang LaSalle Hotels Jones Lang LaSalle Hotels, the world�s leading hotel investment services group, provides clients with value-added investment opportunities and advice. In the US, Jones Lang LaSalle Hotels is ranked as the leading transaction advisor for hotel sales over $25 million. In 2004, its global success story includes the sale of 23,103 hotel rooms to the value of US$5.2 billion in 85 cities and advisory expertise on 132,498 rooms to the value of US$27.9 billion across 301 cities. Jones Lang LaSalle Hotels� services include transactions, mergers and acquisitions, financial advice and capital raising, valuation and appraisal, asset management, strategic planning, operator assessment and selection and industry research. Jones Lang LaSalle (NYSE: JLL) is the world�s leading real estate services and investment management firm, operating across more than 100 key markets on five continents. www.joneslanglasallehotels.com |
Keith Thompson
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