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| Alexi Khajavi |
Miami, FL, Oct. 1, 2015—Officials of the North American
Tourism & Hospitality Investment Conference (NATHIC) in conjunction with
Lodging Econometrics, the lodging industry’s leading consulting partner for
global real estate intelligence, today announced that respondents to a survey
of hotel owners and investors found high interest in both buying and building
hotels-signifying a continuation of the current Lodging Real Estate Cycle.
The survey includes responses from hoteliers
who currently are “active” in the market. The 7th annual NATHIC event will be
held November 4-6 at the Fontainebleau Hotel in Miami. NATHIC is a part of Questex Hospitality +
Travel's International Hotel Investment Forum (IHIF) Summit Series.
Development was the
hottest topic on the survey, with nearly half of the participants opening one
hotel in the past 12 months and approximately 30 percent opening two or
more. Nearly one-fourth has $50 million
in equity for new construction investments, and 20 percent have
$200-plus-million to leverage for hospitality investments.
“With the outlook
projected to remain positive for the hotel industry at least through 2017 and
continued historically low interest rates, hotels continue to attract a great
deal of interest from investors, especially giving the recent volatility of the
capital markets,” said Alexi Khajavi executive vice president, Questex Hospitality
Group.
“Although the survey group
was targeted to owners/investors, we were somewhat surprised by the aggressive
appetite of the respondents. These are
some of the critical topics that will be discussed in depth at the conference.”
For a
complete copy of the company’s news release, please contact:
Chris Daly, media
(703) 435-6293
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