Among the best performing markets in the hotelier’s portfolio was the State of Florida where its hotel properties’ RevPAR increased 10.2%.
Barring any black swan event(s), the near-term outlook for lodging remains very positive. Domestic and foreign investment, and institutional capital continue to be deployed into single assets and portfolios of all types and locations of US hotels.
The sector is riding high on strong fundamentals and rich deal flow. But the competitive market is also driving owners to find ways to distinguish their properties.
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