Transaction activity in the US lodging market totaled $29 billion in 2016, with offshore groups accounting for more than 40 percent of all purchases.
U.S. hotels posted RevPAR growth of 3.2 percent and reached a new occupancy record of 65.5 percent.
This year, domestic investors are expected to become bigger players in U.S. hotel deals, including REITs and private equity funds.
JLL expects 2017 to return to more normalized levels of transaction volume and buyer composition and anticipates continued merger and acquisition activity ahead.
Download the full report here.