jll hotels & hospitality group
Growth in Worldwide Wealth Vaults Global Luxury Travel to New Heights Creating Increased Investor Interest
JLL | May 17, 2023
JLL Hotels & Hospitality Group releases The Evolution of Global Luxury Hospitality report CHICAGO, May 17, 2023 – The global luxury hospitality industry is undergoing a transformation as luxury hotels have risen in popularity in tandem with rising global wealth and consumers’ increased prioritization on immersive experiences. The number of luxury hotel brands and supply have increased by more than one million rooms over the past 40 years. Investors have taken notice as luxury hotels have become an increasingly institutional investment and changing consumer preferences give rise to new investment opportunities. As the world becomes i...
U.S. Hotel Sales Kick-Off 2023 With Record-Breaking Pricing in Growing Markets
JLL | February 16, 2023
Investors believe long-term growth trends will outweigh near-term capital markets headwinds CHICAGO, Feb. 16, 2023 – Despite a slowdown in sales in the second half of 2022 due to dislocation in the debt markets, hotel investors have kicked off 2023 with record sales for quality assets in highly desirable and growing markets. A recent example of these transactions includes the sale of the Diplomat Beach Resort in Hollywood, Florida, which was the third-largest single-asset sale in U.S. history. In addition, the recent closing of the AC Hotel Phoenix Biltmore set a record price-per-key for upscale select-service assets in the Phoenix mark...
Baring Private Equity Asia (BPEA) Real Estate Closes Acquisition of the 587-room Sydney Hilton Hotel for $370 Million
BPEA Real Estate | August 4, 2022
4 August 2022, Sydney – Baring Private Equity Asia (“BPEA”), one of Asia’s largest private alternative investment firms, announced today that its affiliated real estate funds (“BPEA Real Estate”) have completed the acquisition of the Sydney Hilton hotel for A$530 million (US$370 million). The deal is the largest-ever single asset transaction in the Australian hospitality sector. The Sydney Hilton is a landmark 587-room, 5-star hotel in the heart of Sydney’s CBD, located at 488 George Street. The hotel boasts extensive events and conferencing facilities, as well as award-winning food and beverage offerings and luxury retail ou...
Alternative Accommodations Present an Opportunity for Institutional Capital and Traditional Brands to Join the Sector
JLL | June 23, 2022
CHICAGO, June 23, 2022 – What started as a marketplace for individuals to rent out their primary or secondary homes as a means of generating extra income has evolved into a complex, highly matrixed space akin to the traditional lodging industry. The alternative accommodation sector’s evolution intensified during the Covid-19 pandemic as increasing flexibility to work remotely, coupled with a heightened focus on quality of life and the need for social distancing, created strong demand. This paradigm shift has resulted in the alternative accommodations sector’s unprecedented growth over the past two years. “Following Covid, we’v...
U.S. Hotel Deal Pace Going Strong
JLL | June 6, 2018
South Florida single-asset hotel trades to reach $2 billion by year-end, matching 2015 peak NEW YORK, June 5, 2018 – In the first trimester of 2018, U.S. hotel transaction volumes reached more than $11.9 billion – a 93.0 percent increase over last year, according to preliminary figures released by JLL. Deal pace is driven by South Florida and West Coast markets including Hawaii, resort properties, and portfolios of prime full service hotels. The exceptional transactions activity to date is underpinned by the acceleration in performance growth. Cap rates sharpened further due to the high profile of assets transacted and ongoi...
Why Investors Are Taking Note of Japan’s Tourism Boom
May 25, 2018
With tourism in Japan booming and the 2020 Olympic Games on the horizon, investors have been taking a closer look at the country's hotels. Over 25.5 million travelers descended on Japan in 2017, up 19 percent from the previous year, according to the Japan National Tourist Organization. A huge jump from 2011, when just 6.2 million overseas tourists were recorded. "Tourism demand is expected to grow significantly towards the 2020 Tokyo Olympic Games," said Kei Sumiyoshi of JLL Hotels & Hospitality Group. Amid the influx, "Asian investors led by China remain keenly interested in hotel investment." Surging tourism around the world has b...
Can Japan’s Hotels Keep Up With Soaring Demand?
Jll Real Views | October 26, 2017
By Serene Lim Tourism is booming like never before in the Land of the Rising Sun as visitors flock from across Asia and further afield. While rising numbers are in line with government plans to welcome 60 million tourists by 2030 to help offset struggling areas of the Japanese economy, the hotel industry faces in own challenges in keeping up with growing demand for rooms. Last year, hotel construction starts doubled to 1.96 million square metres, reaching an 18 year high. Major hotel operators are rushing to open before the Tokyo Olympics in 2020 – Marriott leads the pack with five properties as it rebrands existing hotels. Meanwh...
