Mexican Hotel Transactions to Reach $700M in 2014 Jones Lang LaSalle - JLL
go to original April 3, 2014

The Caribbean-like beaches, desert vistas and mountain ranges in Mexico have earned the country a top spot among the 15 most-visited destinations worldwide, drawing more than 23 million visitors a year. Strong tourist demand and budding economic and political environments are creating a positive outlook for the lodging sector, driving institutional investment into the region.

"We expect the Mexican lodging sector to continue its positive trajectory this year and throughout the next several years," said Clay Dickinson, Executive Vice President of JLL's Hotels & Hospitality Group advisory practice in the Latin America region. "Hotel transaction volumes are projected to reach US $700 million this year, the highest level in ten years. New construction is also on the rise with more than 191,600 new rooms expected to deliver before 2022."

From a low of less than US $100 million in hotel trades in 2009, transactions in 2013 topped US $600 million as investors bet big on the Mexico hospitality sector. Despite the new development activity, investors feel steady performance growth has resurged investment prospect. JLL expects deal flow to rise 15 percent in 2014 to the second-highest annual level on record of more than US $700 million in hotel transactions.

Read the rest at Hospitality Net

JLL's white paper analysis "Economic Transformation Drives Latin America's Lodging Industry," was prepared with the support of industry partners including Wyndham Hotel Group, DLA Piper, VOA Associates and RCI, Inc. More information on this and other Latin America reports can be found here.

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