January 16, 2013 9:23 am
2012 was a very good year for Leisure Real Estate Advisors, with 2013 looking very positive. One thing about hotel real estate that never seems to change… something is always happening with these assets. Even with the economic uncertainty, within our firm the number of transactions for cash flow deals has increased while the number of bank owned listings is down. This trend is good sign for the industry. That is, just like housing, foreclosures affect the entire pricing structure. As those hotel assets are purged from the system, the pricing should stabilize. We anticipate continued improvement in the marketplace, with the emphasis on cash flow over distressed assets.