Hotel Valuation and Transaction Trends for the U.S. Boutique Lodging Industry | Steve Rushmore
Rushmore Observations: Hotel demand continues to grow - Construction financing is still scarce - Limited growth of new hotel supply - Extended period of increasing hotel values - Don't be afraid of low cap rates - If you missed the bottom, there is still plenty upside available - Now is the time to buy - Don't sell until 2012-2013
Stephen Rushmore, MAI, FRICS, CHA
President
HVS