Onetime niche sector has been attracting investor interest in recent years.
Once little noticed, the hospitality real estate segment has been growing in prominence during the past decade, becoming one of the highest performing property plays. That’s according to data provider Preqin and investment firm Pro-invest Group.
Returns for the hospitality real estate sector have met or outpaced the MSCI US REIT index over one-, three-, and five-year horizons, the Preqin-Pro-invest report indicated. The report said that fund managers have put this capital to use by deploying more than $110 billion into hospitality assets since the beginning of 2015. It also said they are increasingly targeting larger deal opportunities and are diversifying into Asia and Australia.
The hospitality industry includes hotels, amusement parks, golf courses, cruise ships, and restaurants...
RSK: Wonder what will happen as the economy cools down. Will it still be a darling for investors?
Share this article on you social outlets
Our Sponsors
- - Volume: 7 - WEEK: 46 Date: 11/12/2019 9:00:55 AM -