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Jan 03, 08：Jones Lang LaSalle Hotels is delighted to announce on behalf of MFS Limited's wholly-owned subsidiary McLaughlins Financial Services Limited (MFSL), the Responsible Entity for the PH Sydney Hotel Trust, the sale of the Park Hyatt Sydney, Australia. Australia's pre-eminent five star Hotel sold to a private Japanese property investor for $201.6 million.
Jones Lang LaSalle Hotels has estimated that US$110 billion worth of global hotel transactions could be completed by the end of 2007. This represents a 52% rise on last year's record-breaking figure of US$72.5bn, proving that investors' appetite for the hotel sector remains at an unprecedented high level.