Publications

- 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 in the EMEA region came o

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