Why Buy a Hotel Now?
Edward Sklar
Maximize Your Business Exit| Top $ Dollar, Right Buyer| Global M&A Advisor| Chief Operating Officer|Investment Banker| |28,000+ Followers|Veteran
The Covid Distress Story
Covid has decimated the Hotel Industry Worldwide, and many hotels are for sale around the world. The tourism industry is slowly coming off its worst year in history. Last year saw the lowest occupancies in the history of the industry.?
STR recently hosted its annual Hotel Data Conference (HDC) in Nashville. As with each year, it's experts announced a revised forecast for 2021 and 2022. Anyone expecting a significant lift based upon Q2 2021 performance was probably disappointed. There was a minor lift in occupancy forecast (54.7% vs. 53.3% in March). However, this was solely based on Q2 outperforming its forecast. STR remains somewhat bearish on the remainder of the year. Eight percent of hotel sales involved a distressed asset between March of 2020 and February of 2021, according to Real Capital Analytics
Timing is everything in buying a hotel at the Right Price
?Check out Hotels for Sale on the link below:
For Details Please Contact: Edward Sklar [email protected] www.mergerscorp.com