Investment in hotels in Europe, Middle East and Africa grew by 55%
Investment in hotel properties in Europe, Middle East and Africa rose for three quarters of 2010 compared with same period last year by 55% - to 3.97 billion euros. This figure is in the research consulting firm Jones Lang LaSalle Hotels. "Growth in the number of sold hotel assets increased in the third quarter, amounting to 1.8 billion euros, up 70% more than in the third quarter of 2009 (1.056 billion euros)," - added to the report. According to experts, a leader in the region of the UK market with an investment volume of over 1 billion euros, followed by the French market with an investment volume of about 505 million euros. In third place - a market of Spain (291 million euros).
"U.S. investors are gradually returning to markets in Europe, the Middle East and Africa - their share currently stands at 20% compared to 6% in 2009. Internal investments remain prevalent, although their share declined as a percentage of 59% for the full year 2009 to 36% for three quarters of 2010, "- noted in the study. As predicted CEO of Jones Lang LaSalle Hotels in Europe, the Middle East and Africa Mark Wynne-Smith, the volume of transactions on the basis of the current year could reach 5.5 billion euros, a 76% increase compared to 2009.
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