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Hotel Investment Opportunities Abound
June 30, 2009
Hotel Defaults More Than Double in California | www.globest.com
The residential real estate market cratered some months ago and now the other show has dropped. The commercial real estate market is seeing loan defaults skyrocket and that means targeted investment in distressed hospitatality assets will provide superlative opportunities. In the next 18 months, smart cash-rich investors will be able to cherry pick hotel assets that traded at the very top of the market in an environment when leverage was king. The deals will not be clean and not be easy, but with a savvy approach investors should be able to make some spectacular deals if they have the wherewithall and perserverence to ride an asset to better days.
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