Home Hospitality

hospitality

Most of the vehicles will be focused on non-core strategies in the sector and the North America region, according to PERE data.
hotel distress
Funds targeting the sector are seeking nearly 50% more capital than they did a year ago, even though sales fell in 2020 from the previous year.
The firm acquired a five-star hotel in Sydney from Chinese developer Greenland last month for around 30% below replacement value.
The $2.8bn sale to Highgate is potentially the first many large hospitality portfolio sales, but a debt transfer of its size is unlikely to be repeated
As covid-19 amplifies the exodus from big, expensive cities, institutional capital must decide if it wants to join the retreat or bet on a return.
Hotels was the worst performing real estate sector in H1 2020, but some managers are banking on a rebound in the sector.
Kevin Colket, founder and CEO of the Global Hospitality Investment Group, says a second or third wave of covid-19 should be a risk that is underwritten when pricing for hotel acquisitions in the current market.
Distressed hotel deals are now visible, but access to many would-be discounted transactions in the sector looks restricted.
A nine-month ‘national timeout’ for the hospitality sector will bolster liquidity, according to the private wealth law firm.
The investor believes the pandemic’s impact on its five Dutch sector portfolios this year will range from ‘severe’ on its Hotel Fund to ‘limited’ on its Residential Fund.
pere
pere

Copyright PEI Media

Not for publication, email or dissemination