If ever a property sector illustrated the adage, "It's an illwind that blows no good," it's the hotel industry. The cold wind ofdistress has been blowing steadily through the sector, generatingan increasing list of defaults, foreclosures and outrightclosings-a list that promises to grow for some time. But that samedistress is creating opportunities on a number of fronts,particularly investment.
"There is growing demand for investment opportunities now thatthe hotel operating recovery is under way," says Patrick Ford,president and CEO of Lodging Econometrics in Portsmouth, NH. "Ifinvestments are soon made in distressed hotels, investors could
be hitting stride just as the industry's operating recovery isaccelerating and may by relatively unhindered by new supply comingon line."
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
