- May 1, 2008: Vol. 2, Number 5

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Outside the Box

by Mark Wynne-Smith

Last year there was a 56 percent increase in the volume of global hotel transactions to nearly $113 billion (€71.5 billion), compared with $72.5 billion (€45.9 billion) in 2006, a figure that excludes The Blackstone Group’s acquisition of Hilton Hotels Corp. for $26 billion (€16.4 billion) and certain corporate transactions that are considered anomalies. In the Europe, Middle East and Africa (EMEA) region, transactions were down by 13 percent compared to the previous year, to $24.5 billion (€15.5 billion); this was driven by unprecedented portfolio transactions, according to the Hotel Investment Outlook 2008that Jones Lang LaSalle Hotels published in January.

This decline in hotel transaction volumes

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