JLL expects hotel deals to reach $25B in 2014

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JLL expects hotel deals to reach $25B in 2014

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Hotel transaction volumes are set to reach $25 billion this year, with private equity firms, offshore investors and real estate investment trusts accounting for the bulk of the sales activity, according to experts at Jones Lang LaSalle’s Hotels & Hospitality Group. Five straight years of growth in revenue per available room have also led to an increase in high-priced hotel sales — the average per-room price of hotel transactions in the first five months of 2014 is up 15 percent from a year ago.

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Sanzari Completes Multi-Million-Dollar Glenpointe Marriott Project

Alfred Sanzari Enterprises, a preeminent family-owned and operated commercial and residential real estate firm, announces the completion of a capital improvement project at the Glenpointe Marriott, a 351-room full-service hotel located on the company’s Glenpointe corporate campus in Teaneck, N.J. The capital improvement project transformed the hotel’s 39,317-square-foot

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