Hotel Transactions: 2015 Produces Second-Highest Year On Record
Hotel transaction volumes worldwide hit the second-highest year on record in 2015, eclipsing $85B at a 50% growth clip, JLL data reveals. The US proved the "most liquid country," with transaction volumes totaling over $40B.
Monster deals like Blackstone's $6B buyout of Strategic Hotels & Resorts—the largest portfolio transaction in eight years—bolstered the historic deal volume.
Topping it off, ramped-up globalization meant a record $30B cross-border purchases on the year. Moreover, offshore investors are becoming the second-largest buyers in the sector after private equity, JLL says, suggesting the "ever-growing dynamism and globalization" of the hotel industry.