The Opportunity in Underinvested Hotels
Why deferred renovations, higher financing costs and limited new supply are creating opportunities to acquire and reposition underinvested hotels.
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.