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Natural disasters helped spur demand in 2017 and limited construction kept supply in check, but the weak dollar contributed to fewer international visitors last year, experts said at ALIS this week.
Despite the decrease in transaction volume last year, NewMark Merrill managed to have a record-breaking year with $82 million in acquisitions and $104 million in refinancing transactions.
This year, hotel investors expect transaction volume to remain flat and a reduction in loan-to-value, but capital sources remain enthusiastic on the market, according to experts at ALIS.
Hoteliers don't mind room or home sharing on platforms like Airbnb, but at ALIS this week, they called for full-time room providers and operators to be held to the same standards as hotels.