EMEA H1 2015 volumes up 85% on 2014 - UK up 172% on 2014 - Private equity funds targeting Europe, particularly UK regional hotels - Chinese investment has reached $1.9bn already this year - Greek crisis will not put off investors
JLL to Advise on Development of a Luxury Hotel in the Heart of TriBeCa
A key target market of Chinese capital, the Australian hotel investment market witnessed transaction volumes rise 86% in 2014 to total a record US$2.2 billion, according to JLL's latest Asia Pacific Hotel Investment Highlights report.
JLL's Hotels & Hospitality Group confirmed the sale of the Ace Hotel London Shoreditch on behalf of Starwood Capital Group, for an asking price of £150,000,000 or £580,000 per bedroom.
JLL’s Hotels & Hospitality Group has been appointed by AAA Group on an exclusive basis to advise on a strategic, vacant possession disposition of Zitahli Kuda-Funafaru Resort and Spa, in The Maldives’ Noonu Atoll.
The hotel was reviously sold in 2010 as the largest hotel transaction in London on record
The value of the transaction represents the largest single asset hotel transaction in Germany ever after the sale of the 1,020 room Sheraton Hotel Frankfurt Airport in 1998, a transaction the JLL Hotel & Hospitality Group also advised on.
Strong returns, fair value and more debt help to put Europe at the top of international hotel investors’ wish list according to research from JLL Hotels & Hospitality Group
JLL's hospitality experts project that global hotel transaction volumes will reach an eight-year high between US$65 to US$68 billion in 2015, representing a 15 percent increase over 2014 volumes.
JLL announced this week that the firm is expanding its Sub-Saharan Africa offering to include its hotels service and has appointed regional industry expert, Xander Nijnens as Head of Hotels & Hospitality, Sub-Saharan Africa.