Hotel Executives Declare 2023 Year of Acceleration
Distressed Pricing on Hotels Yet To Be Seen
LOS ANGELES - Unlike in years past when optimism among hotel executives was conservative, the first day of the Americas Lodging Investment Summit proved that leaders are all-out bullish on the health of the industry.
Hoteliers haven't been shy about their positive expectations for a high volume of deals, growth in revenues despite an economic recession and overall strength of travel demand.
In terms of price tags on hotels that could trade in 2023, past transactions indicate distressed pricing still won't occur. If an owner does decide to sell, experts say pricing will be more realistic.
