Why hotel investors are optimistic with inflation: Analyst

From the creator

COVID-19 caused a major paradigm shift in where workers operate with many companies offering hybrid and remote work. This caused a shake-up in commercial real estate, rendering office spaces obsolete. Additionally, recent economic headwinds and general uncertainty have compounded issues for the commercial real estate sector, save for one bright spot in hotels and the hospitality industry. A recent survey from JLL Hotels & Hospitality showed that over 80% of hotel investors expected to be net buyers this year. JLL Hotels & Hospitality CEO Kevin Davis joins Yahoo Finance to discuss the survey and explain why and how this part of the sector has been able to persevere through investors' caution. "Part of it is a rate story, I think part of it may be a story of distress and the expectation that there could be some distress in the marketplace in which case investors are looking to take advantage of that," Davis explains. "If you look back during the COVID period, there was an expectation that there would be a significant amount of distress that never came to fruition but, a lot of capital was raised to take advantage of that. Fast forward three years, we are in the midst of an aggressive Fed tightening cycle and I think the same mentality holds." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-t

Published 2023-11-19 · Watch on YouTube ↗
Availability and playback restrictions are controlled by the original channel.