Jones Lang LaSalle: L.A.'s thriving hotel market is attracting investors

04/1/2013 | GlobeSt.com

The Los Angeles hotel market is poised for strong growth as its bustling L.A. Live complex continues to raise investors' interest, analysts at Jones Lang LaSalle Hotels say. "The Los Angeles market also attracts significant interest from Asian-based investors. These buyers predominantly pursue assets unencumbered by brand and/or independent hotels," said Lauro Ferroni, JLL's vice president for research. Strong property performance is also driving demand for new builds, Ferroni says.

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