DENVER—In keeping with the cautiously buoyant mood of the larger commercial real estate industry, the lodging sector is optimistic about the opportunities the near-term market offers. While there are some potential bumps in the road (covered in depth this morning), the outlook for hotels of all stripes and in virtually all locales seems pretty promising.
This is the word that comes down to us from the locally based Lodging Industry Investment Council in its annual member survey. The participants represent $20 billion in hotel investments and their input to the survey results in the annual LIIC Top 10—the list of coming opportunities and challenges for the sector. The survey was compiled by LIIC co-chairman Mike Cahill, who's also founder and CEO of Hospitality Real Estate Counselors.
We covered the bad news in Monday morning's lead. Now at last for the good:
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John Salustri
John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
