Despite a less-than-robust transactions market, hoteliers looking to buy might have options if current loans can’t get refinanced, according to the head of lodging and leisure for The First Fidelity Companies.
Murphy, head of lodging and leisure for The First Fidelity Companies, shared some insight about industry health during a break at the recent Hunter Hotel Investment Conference.
“Lodging performance is still not anywhere near the seventh inning,” Murphy said. “We don’t have much supply coming along, in general, and we’re having some headwinds in the financial markets that are going to continue that slow growth, and it’s going to be positive for the business.”
Positives for the business can come in different forms, he said, that play to the strengths of current market conditions, even if transactions activity is dampened.
Full article recommended by Joseph Kennedy Owner/President at Crystal Investment Property, LLC
