Jones Lang LaSalle Hotels forecasts $750M in capital entering Miami

05/10/2013 | HotelsMag.com (free registration)

The Miami lodging market could receive nearly $750 million in capital influx this year amid strong growth in hotel performance, experts from Jones Lang LaSalle's Hotels & Hospitality Group said during an investment conference in Miami. "The year is off to a great start with US$200 million of hotels traded right out of the gate in the first quarter, which is a traditionally slower quarter. The market is positioned to continue to outperform national averages, further solidifying its position as one of the top investment and hospitality markets," said Andrew Dickey, vice president of JLLH&H in Miami.

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