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Global Hotel Investment Projected To Reach $67B This Year

by globest.com posted 2months ago 43 views
Chicago, IL— Global hotel investment volume will reach $67.2 billion, nearly equal to 2018’s total of $67.7 billion according to JLL’s Hotels & Hospitality’s annual 2019 Hotel Investment Outlook. The New York City metropolitan area remained the top market in the US with $28.7 billion in commercial/ multifamily construction starts, an increase of 10% after posting a 13% decline in 2017. The team will engage in a value-add strategy focused on identifying under-managed and under-capitalized assets and will seek to create value by improving management, performing incremental leasing and increasing rents via strategic capital improvements.

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