Why US hotel investors should focus on 'grinding it out till 2029'
Featured in CoStar: Peachtree Group CEO Greg Friedman shares his outlook on the hotel investment market and why the industry may be “grinding it out till 2029.”
Commercial real estate recovery is occurring, just very slowly, says Greg Friedman. He says liquidity in the housing market will offer the next leg of growth for this corner of the market. However, commercial real estate faces headwinds against banks. When it comes to "winners and losers" in the space, multifamily units is a sector Greg considers a winner and mid-term hotels as a short-term loser.