Jones Lang LaSalle: Resort transactions reached $2.46B by August 2013

10/17/2013 | GlobeSt.com

The recovering resort segment has drawn significant interest from investors so far this year, with investment transactions in the sector by August 2013 valued at $2.46 billion, Jones Lang LaSalle reports. This accounts for 18.4% of overall investment deals in the hospitality market. Revenue per available room in the segment is averaging $102.99. "The steady improvement in the market will result in a lengthier and more robust up-cycle, providing new owners with significant runway of strong operating performance," said Art Adler, CEO for the Americas at Jones Lang LaSalle's Hotels and Hospitality Group.

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