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.
Schwab Network - "Commercial real estate continues to remain in chaos," says Greg Friedman. He believes fundamentals surrounding the industry remain solid but capital markets continue to raise outlook uncertainty. Greg uses the 10-year treasury as a benchmark for commercial real estate and talks about the other ways sentiment has shifted in the industry.