Select service hotel investor sentiment is positive as investors are optimistic about hotel operational performance in both the short term, and the long term.
The majority of investors (72%) anticipate RevPAR increases in the next six months, demonstrating a higher degree of optimism than indicated six months ago, when 56% of investors projected that RevPAR would continue to increase.
The most recent survey results reflect a shift from the dominant "buy" strategy investors indicated six months ago to a current "hold" strategy among select service hotel investors through the end of the year.
Mid-market hotels remain the primary investment focus, as almost half (43%) of select service investors will target this segment for acquisition or development in the next six months.
Investors also indicated that 35% of their acquisition and/or development activity will target the Southeast region in the next six months, as it continues to remain the most sought after region.
To read the entire article, please click on the below link (Opens in a new window):
www.research.joneslanglasalle.com/download.asp?DocumentID=5152&LanguageID=1