Hotel sentiment turns from hold to buy

Thursday, 19 Jun, 2012 0

Jones Lang LaSalle Hotels announced that investors’ "buy" sentiment marks the dominant investor strategy in the US, with almost half of 45.7% of respondents leaning in that direction.

"Concurrently, investors’ intentions to ‘sell’ assets are at a four-year high, in anticipation of an increasingly active transactions market over the next six months," the firm says.

"After having briefly been overtaken by the ‘hold’ sentiment in the previous survey, hotel investors are once again eager to buy," the company says.

"The increase in ‘buy’ intentions affirms our view that there is significant demand among private equity and institutional investors, and, increasingly, real estate investment trusts, to make hotel investments at a favorable basis," said Arthur Adler, Managing Director and Americas CEO for Jones Lang LaSalle Hotels.

"Buy" intentions are highest for gateway markets such as Hawaii, Chicago, Boston and Miami A as they have experienced double-digit growth in revenue per available room (RevPAR) over the past year, the company says.
 

The firm’s Hotel Investor Sentiment Survey is directed toward the world’s 6,000+ leading hotel investors and owners.

By David Wilkening

 



 

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