X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

BOSTON-The local hotel market has been dubbed a key performer in Jones Lang LaSalle’s newly released Hotel Investor Sentiment Survey. “Investors prefer properties in Boston; New York; Los Angeles; San Francisco; and Washington, DC, which have high barriers to entry,” states JLL Hotels managing director Arthur Adler.

Performance, of course, was a prime criterion for the more than 800 investors surveyed for the report, and Boston was noted for its “strong occupancy and average daily rate performance expectations in the short and medium term,” says EVP Arthur Buser. Along with the other cities listed above, Boston demonstrated better-than “average yield growth, and is in an upturn position in the market cycle.”

More than 40% of respondents indicated a “buy” intention for the city, which, according to the survey, offers a 10.5% median cap rate for new acquisitions.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.