Title: The significance of hotel investment in global capital flows to real estate

Authors: Graeme Newell; Stanley McGreal

Addresses: School of Business, University of Western Sydney, Penrith 2751, Australia ' School of the Built Environment, University of Ulster, Jordanstown, BT37 0QB, UK

Abstract: This paper examines the contribution that hotel investment makes to total commercial real estate transaction activity at a global, regional and country-specific level over 2007-2014. By assessing over 174,000 major real estate transactions worth over $4.35 trillion, hotel investment is seen to account for over $382 billion or 8.8% of global real estate transaction activity. Clear regional and country differences are evident. The role of the various types of hotel investors is highlighted. The ongoing strategic implications for global hotel investment are also assessed.

Keywords: hotel investment; real estate; global capital flows; hotel investor types; private equity; cross-border capital flows; hotels; regional differences; country differences.

DOI: 10.1504/IJBEAM.2015.075057

International Journal of the Built Environment and Asset Management, 2015 Vol.1 No.4, pp.293 - 306

Received: 21 Jul 2015
Accepted: 31 Dec 2015

Published online: 01 Mar 2016 *

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