What's new at Jones Lang LaSalle’s Hotels & Hospitality Group

Trophy Ritz-Carlton Kapalua Resort for Sale

Jones Lang LaSalle’s Hotels and Hospitality Group today announced it has been retained by RCK Maui, LLC to market for sale the Ritz-Carlton, Kapalua Resort located on the island of Maui, Hawaii. Located in the luxurious Kapalua Resort community, the property benefits from an unmatched beachfront location immediately adjacent to one of Hawaii’s best beaches.

Opportunities in South East Asia

Investors are turning their attention to emerging markets in South East Asia again, on the back of robust hotel transaction volumes in Asia which hit US$620 million in Q1 2013, up 190 percent from the same period in 2012. Rising visitor arrivals, robust trading performance and positive market dynamics have put emerging South East Asian markets such as Vietnam, Cambodia and Myanmar back into the investment spotlight.

Le Méridien Lav Hotel and Resort - Split, Croatia

Hypo Alpe-Adria-Bank International AG is the sole shareholder in Grand Hotel Lav Ltd. and Grand Marina Lav Ltd. and have appointed Jones Lang LaSalle as sole exclusive agent to sell the companies in an open, transparent and non-discriminatory sales process. The Croatian hotel market is dominated by international tourist visitation with its tourism industry going from strength to strength in recent years.

Manchester: First Major Hotel Deal in 2013

On behalf of Dania Properties Manchester Ltd., Jones Lang LaSalle is pleased to announce that it has sold the 148 bedroom Four Star Marriott Victoria & Albert Hotel to an undisclosed international private buyer for an undisclosed sum. The sale represents Manchester’s first major hotel sale for 2013.

Grand Hyatt Washington Sold

Host Hotels & Resorts Inc. acquired the 888-room Grand Hyatt Washington, an institutional-quality asset located at 1000 H Street NW, Washington, D.C. The leading group hotel was completed in 1987 and offers approximately 43,000 square feet of flexible meeting space, transformed under a renovation in 2007 and 2008.