from Hotels (11/21):
Latin America Counter-Cyclical Investment Opportunity
-- Hotels, 11/21/2008 12:15:00 PM
"MIAMI – SÃO PAULO, Nov. 21, 2008 – Jones Lang LaSalle Hotels reports today that an increasing number of hotel investors are turning to Latin America for counter-cyclical investment opportunities. Hotel companies are researching market entrance strategies, conducting acquisition and new development due diligence, and analyzing future hotel demand in the 2014 FIFA Soccer World Cup candidate cities in Brazil.
“While all future expansions are being strategically weighed heavily in this current economic environment, many groups have accelerated their canvassing efforts. In the past three months, we met with over a dozen international investors who are seeking opportunities in Latin America, with a focus on Brazil, Columbia, and Peru,” said Manuela Gorni, senior vice president for Jones Lang LaSalle Hotels in São Paulo." ...
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