Global hotel deals reach $30B in H1 2021
09/01/2021|4:35:53 PM|Hotel Management

JLL’s Hotels & Hospitality Group has released its annual "Global Hotel Investor Sentiment Survey," reporting investment activity for the first half of 2021 at $30 billion, inclusive of entity-level deals (an investment or acquisition of a company or a real estate investment trust in order to access its real estate holdings), with a surge in optimism for the industry as investors show signs of increased activity.

That $30 billion represents an increase in sales activity of 66 percent year over year and is 4 percent less than the level achieved over the same period in 2019. According to the report, the level of activity observed during the first half of 2021 was primarily driven by an “extraordinary” boost in portfolio activity, driven by entity-level deals, including the Blackstone Group's acquisition of Bourne Leisure in the United Kingdom for a rumored $3.9 billion and the Blackstone Group and Starwood Capital Group's acquisition of Extended Stay America for $6 billion in the Americas. 

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