>NEW YORK – The volume of U.S. hotel transactions year to date has skyrocketed 153 percent above last year’s midyear total. Jones Lang LaSalle Hotels has tracked $2.2 billion of sales since the start of the year.
JLL’s proprietary database tracks true asset transactions of $10 million or more, excluding note sales, recapitalizations and foreclosures. The midyear analysis has JLL upping its projection to $4 billion to $4.5 billion from $3.5 billion for 2010’s full year of sales. The projection excludes the $4 billion pending closing of the Extended Stay America transaction