Resort, luxury segments driving transactions in lodging industry

11/15/2013 | HotelNewsNow.com

Deals activity in the resort and luxury lodging sector is booming as investors seek to capitalize on the improving outlook on travel. "Since the recession, people are more financially stable and feel comfortable taking a vacation, and the uptick in travel has caught the attention of investors," said Gregory Rumpel, a managing director at Jones Lang LaSalle's Hotels & Hospitality Group. The group said 18.4% of all hotel transactions year-to-date through August came from the resort segment, amounting to $2.5 billion. STR Analytics reports that the U.S. market saw $3.6 billion worth of luxury hotel deals through mid-October.

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