Atlanta, GA, June 18, 2013 – Rising profits, limited supply
growth and improved access to capital make 2013 and 2014 an excellent time to
invest in the U.S. lodging industry.
This is the sentiment expressed by participants in the recently released
2013 edition of PKF Consulting USA, LLC’s (PKFC) Hospitality Investment Survey.
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| Scott Smith |
“It has been a while
since we have seen such a convergence of positive operating fundamentals and a
favorable, yet practical, financing environment,” said Scott Smith, MAI,
vice president in the Atlanta office of PKFC.
“While opinions may vary among industry professionals regarding the
cause for all the optimism, at PKFC we believe that several factors support our
positive outlook for hotel real estate.”
Due to limited
supply growth, revenue per available room (RevPAR) is forecast to grow between
6.0 to 7.0 percent in most major U.S. lodging markets.
Given the strong outlook for revenue growth, net operating
income (NOI) is forecast to increase in excess of 10 percent through 2015.
Interest rates for hotel development and acquisition
purposes remain at historically low levels, therefore the dividend yield from a
hotel investment looks very attractive given the risk.
As special servicers and banks work-out their troubled
lodging assets, fewer distressed properties remain to have their loans modified
or sold.
Few quality hotels are available for sale causing interested
parties to bid aggressively.
Conducted in the spring of 2013, the current edition of the
Hospitality Investment Survey tracks changes in investment and financing
criteria over the prior 12 months.
For a complete copy of the company’s news release, please
contact:
Chris Daly
President
Daly Gray, Inc.
Ph: 703-435-6293
Cell: 703-864-5553
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