Skift Take
Global hotel transactions hit the second lowest in a decade last year – only the exceptional 2020 pandemic year was worse.
Global hotel dealmaking will speed up in 2024 thanks to a more positive financing environment, exceeding 2023's unusually low level by 15% to 25%.
Expect at least $58 billion in deals this year, according to JLL Hotels & Hospitality. During the past five years, this investment advisory firm has helped trade more than $60 billion in hotel assets. Skift got an exclusive early look at a report that JLL will release this week.
UPDATE: JLL has released its 2024 global hotel investment outlook.
Hotel Dealmaking to SurgeJLL believes 2024 will see a hospitality transaction boom for a few reasons:
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