In a recent article posted on HotelNewsNow.Com, the theme of this year’s America’s Lodging Investment Summit was “Don’t worry, be happy.” The summit was lead by Jan Freitag, Senior VP of Strategic Development at STR, Suzanne Mellen, Senior Managing Director of HVS, and Mark Woodworth, President of Hospitality Research for PKF Hospitality Research. The three hotel industry leaders all agreed that the optimism we had in 2014 would carry us well into 2015.
As you are aware, the hotel industry had record-breaking performance statistics in 2014. Freitag expects the revenue per room to increase by 6.4% and the average daily rate is forecasted to grow by 5.2%. Freitag also expects that the U.S. occupancy will hit a peak at 65% sometime in 2015. These increases are driven by key economic factors including a strong U.S. dollar, lower oil prices, and lower inflation rates. The leaders at the summit stated that this trend will carry on well into 2015.
The full article can be found at http://www.hotelnewsnow.com/Article/15142/ALIS-Numbers-back-up-optimistic-mood-
The market is the best it has been in the last 10 years. It’s currently a sellers market; I have buyers who are actively looking for new properties in your area. If you are curious about the marketability of your property, and want to discuss it, please give me a call. I would be happy to meet with you personally and give you all the parameters and relevant data. Below is a list of current offerings, pending sales and recent sales including the pricing. Click here and take a look and see how the marketing is doing.