Hotels

The fund has already completed its lead investment, the purchase of a 29-key oceanfront hotel in Dana Point.

Some 39% expect the 1031 tax deferred exchanges will be gone by 2022.

The hospitality debt markets are heating up as the second half of the year looms, with spread tightening between 100 and 200 basis points since January. And all major lender types are back in play, with the number of active lenders within each lender type on the upswing.

The Delta variant of Covid-19 is a cloud over prospects for the construction industry in 2022 from but without it would likely be a booming economy, cautions Marcum, a national accounting and advisory services firm.

According to the latest data from Freddie Mac, the 30-year fixed rate averages 2.87% with economic growth and the acceleration in inflation moderating.

Lodging Analytics Research and Consulting (LARC)'s U.S. Lodging Industry and Outlook forecasts the U.S. to reach key point this month with global travel taking until mid-2022 to begin recovery.