It's a seller's and a buyer's market presently in the hotel industry, and those interested in investing in the market should be on the lookout for new opportunities.
Sellers will find that it's extremely easy to make a profit on hotel properties due to increased demand and a lack of supply. With interest rates low and many buyers interested, sellers are able to get the maximum possible value for their property. In the future, interest rates may rise and the market may flood again.
Buyers are still able to take advantage of the economic down turn; many properties still have artificially low purchase prices. Further, interest rates are still at the lowest they have been for a long time, giving buyers the ability to purchase more expensive properties for their dollar. Property values are expected to continue rising due to the rapidly recovering hospitality industry, making this possibly the last time buyers can get some of these great deals.
If you need help in the Western US, please contact Ed LaCivita or Craig Sullivan at Parkwest General Contractors.
