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January 31, 2018  

Hotel Sales Drop 26%; JLL Captures Crown From Eastdil

Hotel sales fell sharply for a second straight year, but market pros say it wasn’t for lack of demand.Close to $16 billion of large hotels were purchased last year, down 26% from $21.7 billion in 2016, according to Real Estate Alert’s Deal Database. Last year’s volume was the lowest in four years, and far below the $27.7 billion peak reached in 2015.Investors and brokers attributed the drop to a shortage of supply, as owners...

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