Investors can't wait for pandemic fears to fully pass and luxury travel continues so they are looking for opportunities in the hospitality space today, knowing what's ahead.
Hotel management and development company First Hospitality and The Georgetown Co., a developer and owner of commercial, retail and mixed-use properties nationwide, announced a new platform targeting $1 billion of investment in upscale and luxury hospitality properties nationwide.
"We know that hospitality assets will inevitably see a strong rebound in the years following the pandemic, ultimately creating significant value for investors," Adam Flatto, CEO of The Georgetown Co., said in prepared remarks.
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