Harbingers of “Things going South in the Hotel Industry”

I’m seeing what seems like  bad news for the hotel industry. Credit tightening, rising construction costs, over building, etc. While things may be leveling off in some markets and  we aren’t seeing the spurt of growth we’ve experienced in the past 5 years, level headed investors and developers who do their research realize a few things.

• Many markets and sub markets are still hot
• The purchase prices for existing hotels keeps rising
• Hotels are gaining as “THE” commercial real estate play

“Hotel markets, like politics is local” – Unknown Author

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