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Jones Lang LaSalle reports New York will lead the way again in 2013 with up to $2.4B in deals
Feb. 28, 2013 – After reaching a record high in 2011, hotel investment volume in New York decreased to $2.7 billion last year. Despite New York’s transaction levels shrinking by 20 percent, the volume was still enough to rank Manhattan as the most active hotel investment market in the world. New York outpaced key United States cities including Miami, San Francisco, Los Angeles and Washington D.C., and internationally exceeded transaction volumes witnessed in Paris and Hong Kong. According to Jones Lang LaSalle’s Hotels & Hospitality Group’s Hotel Intelligence New York report, Manhattan is expected to remain the most active market this year, with volume reaching up to $2.4 billion.
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