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Positive trading sentiment, and increased institutional investment across the UK will underpin investor demand in the hotel market in 2014, according to Jones Lang LaSalle
London, 27h January 2014 - Jones Lang LaSalle’s Global Hotel Investor Outlook 2013 shows that the UK remains the leading market for hotel investment, attracting 37 per cent share of EMEA hotel investment volume in 2013. Trading and sentiment has improved and market confidence has been boosted by a number of key global investors underwriting the U.K. market through portfolio acquisitions and refinancings, notably the Abu Dhabi Investment Authority (ADIA), Starwood Capital, KSL Capital Partners and Mount Kellett.
The report forecasts that a continued sell-down of over leveraged assets in control of the lenders and disposals by private equity funds reaching the end of their life-cycle, will bolster hotel investment volumes by 20 per cent in 2014. This will also be aided by the increasing appetite of UK domestic banks such as RBS, Lloyds and Barclays, as well as overseas banks such as the Bank of China and a number of Middle Eastern banks, to lend to the hotel sector.
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