Hotel investors spent more than $24bn (£15bn) on acquisitions last year, as buyers returned to the market after a hiatus in 2009. Jones Lang LaSalle Hotels’ Hotel Investment Outlook found the Americas was the most active region in 2010, followed by the Europe, Middle East and Africa region. The property agent expects sales volumes to grow 15% to 25% this year, taking acquisitions globally to $28bn to $30bn. Arthur Adler, managing director of Jones Lang LaSalle Hotel, said: “Markets are expected to continue to recover through 2011 as the economic upturn solidifies. Dominant acquirers of hotel assets in 2011 will be REITs, institutional investors, and private and high net worth investors with opportunistic capital.”