The investment market in the hotel industry has begun to climb in the first half of 2010, reaching a volume of 1,600 million euros in the first half, up 6% over the same period last month, according to Jones Lang LaSalle , leading global hotel investment services
UK in this period has been the most active market with 19% of market share and a total investment of more than 300 million euros. France remains behind and is in second place with just under 270 million euros. hotel operators, institutional investors and investment funds of private capital, mainly of European origin, have been most active in investing in the sector
Aurora Pubill i Prat, Director of Investment at Jones Lang LaSalle Hotels, said in the light of these data that: “The market dynamics have changed, the operations take longer to close but we’re starting to see vendors recognize that prices are acceptable and we expect a higher volume of operations during the second half of 2010. Click here to read more.. »