JLL: Manhattan Hotels are a Safe Bet

NEW YORK CITY—If you haven’t already noticed, 2014 is—and will continue to be—a red-hot year for Manhattan hotels. That’s among the findings in a new report from JLL, which also forecasts healthy demand but overall slow revenue growth. For 2013, the report found a dip in the number of trades made but saw an overall increase in the size of those transactions.

“Investment volume is expected to increase to $2.7 to $2.8 billion in 2014—significantly above 2013 levels—due to continued liquidity among Manhattan hotels as well as the increase in available product. Hotel demand is at an all-time high; however, RevPAR growth will be more tepid this year due to 6,400 additional rooms slated to enter the market.”