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Similar volume forecast for 2013 according to Jones Lang LaSalle Hotels & Hospitality Group
London/Munich, 24th January 2012 – Europe, Middle East and Africa (“EMEA”) transaction volumes reached $11 billion in 2012, according to the latest analysis from Jones Lang LaSalle Hotels & Hospitality Group. This represents a 10% year on year decline in total volumes as the market moderated in line with the economic climate, including restricted debt availability.
Middle Eastern investors were very active in 2012, investing $1.7 billion to acquire hotels representing about 15% of the EMEA total, reflecting a 9% increase on 2011 volumes. Middle Eastern capital, therefore, remained third place after domestic ($5 billion) and European investors ($1.8 billion). Notable Middle Eastern purchases included a portfolio of 6 European InterContinental hotels and other trophy assets in core markets, such as the Maritim Berlin and Le Méridien Budapest.
Hotel investment: 2012 in review
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