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Hotel Brokers Forecast A Better 2010

Published Monday, January 04, 2010

The hotel brokerage community thinks 2010 will be a better year for them than was ’09. After all, they reason, it couldn’t get much worse. Indeed, according to Jones Lang LaSalle Hotels, just $9 billion in global hotel transactions were completed last year, down substantially from $25 billion in 2008. The firm projects worldwide transactions volume will rise to about $12 billion this year. “The number of transactions will definitely increase in 2010,” says John Sturgess, chief development officer and managing director of Hunter Hotels. “Confidence is building that the bottom ...

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