The disconnect between solid demand and growth prospects and uncertain financing conditions is creating a sizable gap between the expectations of buyers and sellers in the hotel asset class, according to a news video by Marcus & Millichap.
"This means buyers need to be patient and be very selective in their deals," Biran Patel, its Senior Vice President/National Director-Hospitality Division said.
"Look for motivated sellers to capitalize on good opportunities and take advantage of minimal institutional competition for listed properties."
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