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JONES LANG LASALLE HOTELS - DOCUMENTS |
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 Global Hotel Investment - Debt and Equity Environments | Jones Lang LaSalle Hotels
With the pace of 2004 hotel transactions far exceeding that of 2003, there is little doubt that investors across the globe are keen for a stake in the hotel real estate market. This edition of Hotel Topics identifies which capital segments are driving the volume of transactions and explores their varied investment strategies. In Europe, private equity has emerged as a dominant force in Europe since its entrance to the region in the mid 1990s. Institutional investors are also prevalent in Europe, particularly in Germany, where domestic open-ended funds have accounted for over half the hotel sales volume over the past five years. Institutions are keen to make hotel acquisitions as a means of portfolio diversification and are generally long term holders. High net worth investors have been a consistent feature of the equity landscape for hotels, typically investing in single boutique or trophy assets.
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 FocusOn US Hotel Transactions Aug 2004 | Jones Lang LaSalle Hotels
The REIT boom of 1997/98 whipped the market into a buying frenzy. Due to the weight of capital that has been attracted to the lodging sector, Jones Lang LaSalle Hotels expects a similar level of activity by the end of 2004. This is based on the $7.3 billion in transactions recorded in the first six months of the year, as well as the amount of product currently on the market. What would have been a dream in 2002 is now a reality: free-flowing capital and an increasing line of sellers. Jones Lang LaSalle Hotels is in a unique position to comment on lodging transaction activity, having arranged one third of all single asset transactions that traded at prices greater than $10 million during the first half of 2004.
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 Hotel Investment Strategy Annual 2004 | Jones Lang LaSalle Hotels
The Hotel Investment Strategy Annual 2004, a collaboration between Jones Lang LaSalle Hotels and LaSalle Investment Management, outlines hotel real estate strategies and opportunities for the astute investor in 2004.Jones Lang LaSalle is a leading global provider of comprehensive real estate and investment management services. We serve clients locally, regionally and internationally from offices in over 100 markets in 33 countries on five continents. Whether our clients' real estate needs converge on a single market or take them to a range of global destinations, 7,200 Jones Lang LaSalle professionals stand ready to provide integrated investment, transaction, and management services.
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 A Global Comparison of Hotel and Office Real Estate - Jones Lang LaSalle Hotels
As the hotel market matures and investment vehicles become more sophisticated, there is an increasing level of interest in the sector from non traditional hotel investors. These investors are quite often institutions which are familiar with the performance of office and retail sectors, but unfamiliar with hotel market behaviour.
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 Jones Lang LaSalle Hotels - Digest Europe 2003 - Overview
Italy achieved the second highest volume of single-asset sales (after the UK) of all European countries monitored in 2002 by Jones Lang LaSalle Hotels' latest European Digest. This is despite the inherently limited liquidity of the Italian hotel investment market, with few reported single-asset transactions exceeding €10 million (approximately US$11.5 million) taking place in any year of the last decade. The level of market activity in 2002, although somewhat skewed by the high value of the individual assets involved, demonstrates that international investor interest in the Italian markets remains strong despite a decline in trading performance and uncertainty about the timing of future recovery.
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 New Investment Frontiers - An Industry Action Plan for Reshaping Hotel Investment in Australia
An industry-led study identifying impediments and new opportunities for hotel investment in Australia - New Investment Frontiers - was launched at the Australian Stock Exchange this morning. The study, which was carried out by Jones Lang LaSalle Hotels and sponsored by TTF Australia and Property Council of Australia, was launched before the 80 top players in investment and tourism. The study is the first of its kind in identifying a way forward for hotel investors to achieve better yields.
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 Jones Lang Lasalle Hotels' 2003 Hotel Investment Strategy Annual Outlines Investment Strategies For Turbulent Times
The outlook for the global hotel sector in 2003 is that flat occupancy and weak average daily rate will be the norm rather than the exception," said Arthur Adler, Managing Director and CEO-Americas of Jones Lang LaSalle Hotels. "Strong RevPAR growth will be a rarity across major markets. At the same time, investment yields for top quality unencumbered properties in the larger and more liquid markets will be under downward pressure. This creates the unusual situation of weak fundamentals and strong capital markets.
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 Changing Ownership Structures - Jones Lang LaSalle Hotels - Hotel Topics December 2002
Hotels have been bought, operated and traded for many years, traditionally by individuals (often families, especially in Europe and Asia) or hotel operating companies.Until the last few years, however, they have not been popular targets for investment by mainstream or institutional property investors, especially in environments such as the UK where management agreements are the common type of operating structure.Many mainstream investors lack specialist knowledge of the hotel industry, making more difficult the negotiation of operating contracts and the subsequent and necessary asset management of the managed hotel.
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 Are Hotels A Predictor Of City Success? - Study On Hotel Properties And How They Influence The Success Of A City
Chicago, As part of Jones Lang LaSalle's Winning Cities and Property Futures research projects, Melinda McKay, Senior Vice President of Jones Lang LaSalle Hotels, has authored a study on hotel properties and how they influence the success of a city. Winning Cities is a Jones Lang LaSalle/LaSalle Investment Management research program aimed at defining the essence of competitiveness in cities of the future and using this analysis to pick winning locations ahead of the curve for property market players. There is much evidence to suggest that hotels are a leading indicator of future property and economic performance. It is generally accepted that the daily ‘rent' of hotels serves as an immediate reflection of economic prosperity. But what about hotels' ability to act as a barometer for the future sustained growth of a city?
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