ATLANTA—Wednesday marked the opening of the 30th edition of the Hunter Hotel Conference, and much of the day’s conversation revolved around how hoteliers want to do transactions, but deals aren’t so easy to find.
Rather than debate whether the industry is at the end of its cycle, conference speakers focused more on the opportunities hoteliers have to grow their businesses. With many owners looking to buy and comparatively few looking to sell, panelists seemed to agree it’s a sellers’ market at the moment.
“There’s a really a lack of product,” said Noble Investment Group CEO Mit Shah during the “State of the industry” panel. “I think we’d all say we want to be net (buyers), but maybe it’s a good time to be net sellers.”…(Click Here for full article)