The Opportunity in Underinvested Hotels
Why deferred renovations, higher financing costs and limited new supply are creating opportunities to acquire and reposition underinvested hotels.
Greg Friedman joined Schwab Network to talk about how the commercial real estate business is repricing itself as yields remain elevated due to the U.S.-Iran war.
He tells investors in the space to brace for pain on the balance sheet, though it likely creates new opportunities long-term. Greg adds that data centers now make up 1% of commercial real estate, a number set to accelerate and create new headwinds for properties.
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