European Hotels Lure Investors as Properties Hold Their Value

Real-estate investors will spend more money buying hotels in Europe than the U.S. this year as slower development helps to preserve property values.

Hotel acquisitions in Europe will total about $5.5 billion in 2010, compared with $4.5 billion in the Americas, according to Jones Lang LaSalle Hotels. The U.S. will account for about 90 percent of purchases in the Americas, the London-based hotel investment-services firm said.

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