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August 4th, 2011

Hotel Investments: Inn Fashion

For the last few years, investing in New York hotels was like scoring the Presidential Suite at the Plaza — an experience reserved only for a select few, primary real estate investment trusts. Indeed, as the stock market roared back, these publicly traded REITs were able to raise capital almost as easily as dialing up room service.

Recently, though, other types of investors — most notably management companies, private equity firms, government investment arms and hedge funds — have edged into the New York market, convinced, it seems, that hotel values in the city still have a ways to climb. That is despite the fact that hotels have already rapidly risen in value after taking a severe recessionary beating in 2009.

Hotel Investments: Inn Fashion

Hotel Investments: Inn Fashion (PDF)

Filed under: New York Real Estate News • Tags: , , , , ,