jll s hotels hospitality group
Asia Pacific First-Half Hotel Transaction Volume Rises 13.2 Percent
JLL | July 26, 2016
Japan seen dominating investment volume for the rest of the year SINGAPORE, 26 July 2016 - Asia Pacific hotel investment volumes in the first half of this year climbed 13.2 percent to US$3.8 billion compared to the same period last year as yields recovered to pre-global financial crisis levels, according to a report by real estate consultancy JLL. During the first six months of this year, a total of 14,025 keys traded across the Asia Pacific region, higher than the 10,976 keys achieved over the same period a year ago, according to JLL's Hotel Investment Highlights report. Japan lent considerable weight to the rankings, representing five...
JLL: London’s Economy Hotel Segment Sees Significant Growth
JLL's Hotels & Hospitality Group | May 18, 2016
A new report by property consultant JLL and London & Partners, the Mayor of London's promotional company, indicates that London's budget hotel sector has seen significant growth since the city hosted the 2012 Olympic Games. More than half of the 18,000 hotel rooms that have opened in London since 2012 have been in the budget sector. In addition, 33 percent of the 7,000 rooms due for completion this year will also be in the same sector. The London Hotel Development Monitor has found that low-cost hotels now make up 20 percent of the total room stock across the city. Development Hotspots Traditionally, investment in hotels in ...
The Hotel Industry – From the Humble Inn to a Multi-Billion Dollar Business
JLL's Hotels & Hospitality Group | April 6, 2016
The hotel sector tells an exciting story; from the advent of air travel to robotic receptionists, we reflect on two centuries in four minutes. Check out our infographic: ...
JLL Reports Sydney’s CBD and Metropolitan Hotel Markets Experienced Record Year
JLL Australia | February 15, 2016
February 15, 2016 - Sydney's CBD and metropolitan hotel markets finished 2015 on a high with full year STR data reporting exceptional occupancies and average daily rate (ADR) levels across the board. Conducive to the respective markets' strong performance remains relatively benign supply pipelines, increases in major demand generators, growing airline capacity, and continued international and domestic visitation growth driven by the depreciation of the Australian dollar. In Sydney city, hotel occupancy increased marginally on existing highs to 88.2% for the full year, while ADR increased by 6.6% to $243. The five-star market fol...
Quadrum Global to Develop New 26-Story Hotel on New York Garment District Property Aquired Last Year
Quadrum Global | November 25, 2015
NEW YORK (Nov. 25, 2015) – Quadrum Global ("Quadrum"), an international developer and investment firm focused on value-added properties, announced today that it will build a hotel at 351 West 38th Street, a Garment District property it acquired last year. The firm has hired two key advisors who will begin the planning process for the new hotel. JLL's Hotels & Hospitality Group will advise Quadrum on the selection of a hotel brand and operator to align with the hotel's lifestyle amenities and services. In addition, Quadrum has commissioned award-winning Marvel Architects to design the 26-story hotel, which will include more tha...
JLL’s Hotels & Hospitality Group Respond to Marriott Acquisition of Starwood Hotels
JLL | November 16, 2015
16 November, 2015 Commenting on the announcement that Marriott has acquired Starwood Hotels, Mark Wynne Smith, Global CEO of JLL's Hotels & Hospitality Group, said: "This merger has created the world's biggest player in the hotel sector, opening a big gulf between the next largest players, Intercontinental Hotels Group and Hilton. "We will now start to see further merger activity as other hotel groups seek to match the titanic organisation that Marriott and Starwood have created. Consolidation among the major brand companies has been talked about for a number of years and boards are biting the bullet on the need to...
Australia, the Apple of Chinese Investors’ Eye
JLL's Hotels & Hospitality Group | April 15, 2015
Chinese capital expected to continue love-affair with Australian hotel investment market A key target market of Chinese capital, the Australian hotel investment market witnessed transaction volumes rise 86% in 2014 to total a record US$2.2 billion, according to JLL's latest Asia Pacific Hotel Investment Highlights report. All-in-all 146 hotel deals were completed across the Asia-Pacific region last calendar year totalling US$7.5 billion, led by sizable deals in Japan and Australia. The sale of the Sheraton on the Park in Sydney at US$398.2 million (AU$463 million) led the way in terms of the big deals completed. China based company Suns...
