DENVER—“We are looking to capitalize on a sector that isexperiencing peak rebound characteristics.” So says OakCoast Properties' CEO, Matt Heslin, inthis exclusive Q&A. According to Heslin, the firm, whichrecently revealed plans to invest millions in the hotel sector, isactively looking for additional acquisitions across the EasternSeaboard, Pacific Northwest and Western US.
GlobeSt.com: You recently entered the hotel sectorand revealed plans to invest $125 million. Why enter this sectornow? What are the opportunities you are hoping to capitalizeon?
Matt Heslin: Oak Coast Properties beencompletely focused on apartments for the past few years. However,the fundamentals in the hospitality sector are so strong theycannot be ignored. We are looking to capitalize on a sector that isexperiencing peak rebound characteristics. Because of where we arein the recovery, both business and personal travel have increaseddramatically leading to increased demand for rooms across thecountry – especially in metropolitan regions. This is a great timeto invest in hospitality properties.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
