Get ready for a soft landing in lodging

February 25, 2016

Hotels across the U.S. reached a milestone in 2015: annualized occupancies exceeded 65 percent and the average daily rate was $120.

February 25, 2016 |By CHRIS BURDETT | CBRE Hotels

It ceases to amaze me that just a few short years ago the hotel industry across the U.S. was, for the most part, on life support.

Perhaps most owners of commercial real estate felt this way. Consumers were all but nonexistent, group and corporate travel had been paired to nothing, resorts were virtually giving rooms away, loan delinquencies were at historic highs and owners of hundred-million-dollar hotels were mailing their keys back to their lenders.

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Loreen M. Gilbert, CIMA, AIF, CRC, CLTC – President, WealthWise Financial Services
Blue Vault
July 6, 2016

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