CoStar: Hoteliers say new US interest rate hike opens and closes doors
Peachtree Group CEO Greg Friedman says the Fed's 0.25-point rate hike raises borrowing costs but could lower long-term rates and add certainty for hotel financing.
There is a record amount of debt maturities in 2024 at close to $1T, and another $1T over the next two years, notes Greg Friedman CEO Peachtree Group.
In this interview with Schwab Nework, he discusses commercial real estate and how the market is still pricing in 50BPS of cuts between now and the end of the year, and its increasingly looking like faith rather than “data driven.”
Watch the full interview here.
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