According to JLL’s Hotel Investment Outlook, global hotel investment volume is projected to reach $70 billion in 2016. Although down 15 or 20 percent from 2015, when marquee mergers involving Chinese investors created an unusually high volume of investments, the projection for 2016 is still greater than it was for 2014. The Americas region is forecast to post $37 billion in transactions, down from $46 billion in 2015.