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JLL Hotels: EMEA Q1 trades hit €1.5bn

Hotel investment volumes in Europe, Middle East and Africa (EMEA) over the first quarter fell year-on-year by 39% to €1.5bn, according to Jones Lang LaSalle Hotels, which has forecast €8bn for the year.
By James Wallace
April 13, 2012 | 5:32 P.M.

Volumes in the first quarter last year, however, were distorted by three big ticket transactions worth 1bn between them Marriott Champs Elysées, Ritz Carlton Moscow and a large Accor European portfolio.

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