In 2023, the global lodging industry demonstrated resilience as RevPAR achieved a full recovery. By November, RevPAR had reached impressive levels, signaling a strong comeback for the sector. This positive trend has sparked renewed interest in hotel investments worldwide.
Milwaukee-based Marcus Hotels & Resorts formed a joint venture with Hempel Real Estate and Robinson Park Investments to acquire the 251-key property in downtown Denver. This strategic partnership aims to capitalize on the growing demand for upscale accommodations in the area.
In 2023, the Korean commercial real estate investment market experienced an overall decrease in investment activity across all asset types due to economic uncertainties. However, the hotel sector remained resilient, attracting steady interest from investors looking for stable returns.
The Harbour View Inn, located at 6860 Main St., near Sainte Anne's Catholic Church, was reportedly purchased by Jon and Lauren Cotton, seasoned hotel investors with a strong track record in property acquisitions. This acquisition marks their entry into the upscale boutique hotel market.
CHICAGO, Jan. 23, 2024 – JLL's Hotels & Hospitality Group has released their flagship Global Hotel Investment Outlook, which reveals that the industry is poised for growth in 2024. The report highlights key trends and opportunities for investors looking to capitalize on the recovering market.
An investment vehicle backed by Elliott Management has invested in hotels, following similar moves by other big-money firms. This signals confidence in the long-term prospects of the hospitality sector and indicates a positive outlook for hotel investments in the coming years.
The owner of the Iroquois Hotel on Mackinac Island is expanding to hotels and restaurants in Petoskey, Harbor Springs, Charlevoix, and other Michigan destinations. This strategic expansion demonstrates a commitment to diversifying their portfolio and capturing new growth opportunities in the region.
India's hospitality sector attracted a record $401 million in investments in 2023, with significant growth in hotel transactions and development projects. This influx of capital reflects the strong investor interest in India's burgeoning hotel market and its potential for long-term growth.
In 2023, hotel investment in Spain reached the second-highest historical figure at 4.248 billion euros, following 2018 when it exceeded all expectations. This surge in investment activity underscores Spain's appeal as a top destination for hotel investors seeking attractive returns and growth opportunities.
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