Jones Lang LaSalle Hotels Increases 2010 U.S. Hotel Transaction Volume Forecast from $4.5 Billion to $6.5 Billion
Year-to-date, hotel deal volume has notched to $4.7 billion, outpacing the original forecast by $200 million. And deal pace has accelerated significantly throughout the year. With a limited supply of high quality hotel investment product on the market, the bidding environment has become highly competitive.