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Acquisition Market for Hotels Looks Slower in '07

LOS ANGELES-With low interest rates, some owners are choosing to refinance their properties instead of placing on the sales block.

By Maria Wood | Updated on January 24, 2007

Maria Wood is senior editor of Real Estate Forum .

LOS ANGELES-The frenzied hotel acquisition market of 2006 may slow down a bit in 2007 due to fewer properties being put up for sale. So said a panel of experts speaking here yesterday at the Americas Lodging Investment Summit.

The session, entitled “The Transaction Outlook: It’s Been a Totally Awesome Ride These Past Few Years. Is a ‘Wipe-Out’ on the Horizon?”, was moderated by Michael G. Desiato, group publisher and editorial director of Real Estate Media, the parent company of GlobeSt.com and Real Estate Forum. The panelists included: Mark W. Elliott, senior managing director of Hodges Ward Elliott Inc.; Douglass W. Henry, senior vice president of Host Hotels & Resorts Inc.; Joel W. Hiser, CEO, Horwath Hospitality & Leisure LLC; Robert T. Koger, president of Molinaro Koger; Mit B.Shah, president and CEO of Noble Investment Group; and Gary A. Stougaard, EVP and chief investment officer of Sunstone Hotel Investors Inc.

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