
Remington Reviews Hotel Investor Rewards, Losses in 2010
This week in an online article for Mortgage Bankers, there is a review of global hotel investor rewards and losses for the year. And along with continued peril in hospitality, there are some optimistic signs for the future.
http://www.mortgagebankers.org/tools/FullStory.aspx?ArticleId=9759#full
I’m predicting a steady increase in financial transactions for the hotel sector in 2010. A large part of the increase will be due to international investors that are looking to purchase properties at significant discounts from their 2007 peaks. The article above states that the hotel sector has been one of the hardest hit, with property values down 50%.
International and domestic investors are using real estate as a hedge against inflation, which we can expect to lurk in the shadows ready to reveal itself over the next couple of years. 2009 has had its own set of challenges, and the key to success moving forward for investors is that the problems that got us here aren’t necessarily the ones we’ll be facing in 2010.
At Remington over the last few months we have been quietly expanding our connections to active lending sources, which now total several hundred. If you’re looking for mezzanine, senior debt or any sort of commercial financing, I encourage you to contact us to see how we can help. We are very active in the hospitality sector but we are also connected to all commercial sectors as well. Thank you – Joel Nathanson
