SINGAPORE: A report released by JLL Hotels & Hospitality Group reveals the flurry of mergers and acquisitions seen in 2016, with high-profile deals such as Marriott International’s acquisition of Starwood Hotels & Resorts and HNA Tourism Group Co. Ltd’s purchase of Carlson Hotels, is likely to continue this year.
“Hotel brands will always look to bolster their supply pipeline and the surest way to grow is often by acquiring operators with management and franchise contracts,” said JLL Hotels and Hospitality Group senior vice president Lauro Ferroni, adding that portfolios with a full range of offerings from service levels to geography are most attractive to investors.
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