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Hotel Investment Highlights - Asia Pacific August 2007

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With record levels of hotel investment activity during the first six months of 2007, total transaction volume across Asia Pacific increased to US$6.2 billion, exceeding the 2006 full year result and previous record high. This figure was boosted by the largest ever hotel transaction in the Asia Pacific – the sale of 13 owned and leased hotels in Japan by All Nippon Airways (ANA) to Morgan Stanley Real Estate Fund for US$2.36 billion.

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