Reported 3 days ago
In a challenging commercial real estate market, the hotel sector is thriving due to constrained supply that has not kept pace with rising demand. Peachtree Group CEO Greg Friedman highlighted that the pandemic has significantly slowed new hotel construction, leading to a 40% reduction in supply growth, while demand remains strong. Friedman also noted that hotel investments offer higher cap rates, making the sector increasingly appealing. He expressed optimism for recovery in the office space market as vacant properties are being repurposed.
Source: YAHOO