After a year of uncertainty, Spring is finally here. And, as always in the Pacific Northwest–it’s spectacular! If you haven’t done so, take this opportunity to appreciate that 2020 is firmly behind us. Travel and Tourism industry leaders are forecasting increasing optimism from leisure travelers in advance of the summer travel season.
Hospitality Market Outlook Factors
The continued roll-out of COVID-19 vaccines, coupled with additional stimulus funds has strengthened the foundation necessary for ongoing hospitality recovery. We expect even stronger hotel performance moving into the second half of 2021.
According to industry experts, despite a devastating 2020, companies have remained committed to meeting this moment head-on. Thanks to the hospitality industries’ determination, flexibility, and ingenuity, we are beginning to see a rebound in traveler optimism. (Read More on Lodging Magazine)
Have You Considered Selling Your Hotel?
If you own a hotel in the Pacific Northwest and would consider offers to purchase your property, now is an incredible time to explore your options.
For Sellers, the new SBA guidelines increase access to capital. We are also seeing high levels of interest from Buyers seeking hospitality investments in all sizes, areas, and price ranges. CIP was already closing transactions with our direct SBA hospitality lenders and now Buyers have more incentives to move forward quickly on quality hotel assets.