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Transformational Real Estate Development Across New York Has a Major Influence on Lodging

JLL | June 28, 2018

Optimistic outlook for further growth in 2018 and 2019 NEW YORK, June 28, 2018 – New York is a hot spot of major transformational real estate development that is rapidly changing the city's landscape and lodging environment, according to JLL's 2018 New York Hotel Market Report. Hudson Yards, situated in the Midtown West submarket, currently represents the largest private real estate development in the history of the United States and the largest development in New York since the Rockefeller Center. The Manhattan West District and Moynihan Station developments will also grace the Midtown West submarket and are targeted for deliver...

U.S. Hotel Deal Pace Going Strong

JLL | June 6, 2018

South Florida single-asset hotel trades to reach $2 billion by year-end, matching 2015 peak NEW YORK, June 5, 2018 – In the first trimester of 2018, U.S. hotel transaction volumes reached more than $11.9 billion – a 93.0 percent increase over last year, according to preliminary figures released by JLL. Deal pace is driven by South Florida and West Coast markets including Hawaii, resort properties, and portfolios of prime full service hotels. The exceptional transactions activity to date is underpinned by the acceleration in performance growth. Cap rates sharpened further due to the high profile of assets transacted and ongoi...

Casablanca’s Hospitality Market Is Largely Dependent on Business Travellers, and Has Relatively Limited Hotels in the Luxury Segment, Says JLL

JLL | March 21, 2018

Occupancy rates recovered in 2017 from 62% in 2016 to 66% in 2017, owing to the performance of the 4-start hotel segment catering to conferences and exhibitions across the city CASABLANCA, Morocco, March 21, 2018/ -- Earlier this year, the Moroccan Central Bank (Bank Al-Maghrib) introduced the gradual floatation of the Moroccan Dirham, providing more flexibility to real estate investors and paving the way for a more buoyant real estate market in the year ahead. According to JLL's (www.JLL.com) Morocco 2018 report, the bank widened the official band within which the dirham may fluctuate to 5 percent, with a maximum daily move of 2.5 perc...

How Africa’s Hotel Market is Entering a New Chapter

December 7, 2017

By Natasha Stokes Africa's maturing hotel sector is no longer all about the luxury properties catering for high-end travelers. A new wave of domestic visitors and the continued growth of international tourism are fueling demand for mid-market options, along with niche segments like serviced apartments, in the continent's bustling centers such as Lagos, Nairobi, and Johannesburg. "The hotel market in Sub-Saharan Africa has evolved in the last decade with many global operators opening quality hotels in key markets like South Africa, Mauritius and Kenya," says Xander Nijnens, Executive Vice President, Hotels & Hospitality Group Sub-Sah...

Australia, the Apple of Chinese Investors’ Eye

JLL's Hotels & Hospitality Group | April 15, 2015

Chinese capital expected to continue love-affair with Australian hotel investment market A key target market of Chinese capital, the Australian hotel investment market witnessed transaction volumes rise 86% in 2014 to total a record US$2.2 billion, according to JLL's latest Asia Pacific Hotel Investment Highlights report. All-in-all 146 hotel deals were completed across the Asia-Pacific region last calendar year totalling US$7.5 billion, led by sizable deals in Japan and Australia. The sale of the Sheraton on the Park in Sydney at US$398.2 million (AU$463 million) led the way in terms of the big deals completed. China based company Suns...

JLL’s Hotel Investment Outlook Predicts Global Hotel Sales to Reach 8-Year High of US$68B in 2015

JLL's Hotels & Hospitality Group | February 10, 2015

Chinese Capital to Solidify its Mark on the Global Hotel Market February 10, 2015 - JLL's hospitality experts project that global hotel transaction volumes will reach an eight-year high between US$65 to US$68 billion in 2015, representing a 15 percent increase over 2014 volumes. JLL's forecast is based on the firm's 2015 Hotel Investment Outlook, a forward-looking, global analysis that tracks key factors affecting the hotel investment market. "The hotel market continues to strengthen and investors are eager to chase after top hotel deals," said Mark Wynne-Smith, Global CEO, JLL Hotels & Hospitality. "We predict a rise in revenue pe...

Brazil Beckons Tourists, but Can Hotels Keep Up?

Jones Lang LaSalle | November 12, 2014

Opportunities abound in Brazil's hot market–but not without challenges The 2014 World Cup proved a much-needed boost of good publicity for Brazil. The country is currently facing a recession and inflation stands at 6.5 percent. But over the summer, more than 1 million foreign tourists flocked to the South American country to watch their teams compete. Early indicators showed that each of the 12 host cities benefitted from the influx of tourists, and it looks like the party continues for the country's hotel sector–despite broader economic challenges in Brazil. "The promotional effects of the World Cup, coupled with the devaluation of...

Myanmar Hotel Market Poised for Another Record Year in 2014 Following a 46% Increase in Visitors

Jones Lang LaSalle | May 21, 2014

SINGAPORE, 20 May 2014 – The hotel market in Yangon is set to continue its record growth in 2014, following a 46 percent y-o-y increase in international visitor arrivals in 2013, according to the latest report from JLL. The Yangon Hotel Market Update highlights the huge opportunity present to investors and operators looking at the market as occupancy for the upscale and luxury segments increased from 45.8 percent in 2009 to a record 80 percent in 2013. The strong demand for international standard accommodation, which is predominantly driven by visitors from Thailand, Japan, China and Korea, is currently outpacing supply with less than...

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