|Hotel investment growth to continue |
Friday, 27th December 2013
Source : Jones Lang LaSalle
JLL unveils the latest edition of the Hotel Investor Sentiment Survey and investor sentiment going into 2014 is positive.
Following are key findings from the report:
- Hotel investors across North America remain resoundingly confident; sentiment in the region as a whole remains optimistic and consistent with the recent sentiment.
- Over the next six months, investors have the most favorable outlook on Boston, San Francisco and Seattle; while over the next two years San Francisco is at the forefront in terms of performance expectations.
- Investors’ targeted cap rates held steady from the last survey period at 7.6% for acquisitions across the region.
- The list of hotly contested markets – cities with the highest ratio of buyers to sellers – includes Washington, D.C., Seattle, Vancouver, Los Angeles and Houston.