Keith Thompson Explains Hotel AG’s Involvement with REITs and Public Investment
Hotel AG sells many hotels to REITs and Public Investment Funds. Because REITs and Public Investment Funds are such a large part of Hotel AG's business, we wanted to talk more about these big players in the hotel industry. With the start of a new year, we also wanted to answer the question as to what the hotel industry can expect from these type of entities in 2013. There is no one better equipped to answer our questions than Hotel AG Principal Keith Thompson.
Keith described, "In the 2012, about 60% of the 75 transactions Hotel AG closed were to REITs or Public Investment Funds." In regards to the question of how many hotels are currently on the market that fit this profile, Keith answered, "many of the hotels we currently have under contract for sale in the 1st Quarter of 2013 are also being sold to Public Entities."
When we asked Keith if REITs and Public Investment Funds be adding or dumping hotels in 2013, Keith answered with confidence, "We believe that 2013 will be the year of Public Hotel Real Estate investing because of the consistency of yield and accretive value believed to be available over the next several years. Hotels are the new 'Darlings' of the public investment industry."
If you have questions about REITs, Public Investment Funds, or 2013 projections, feel free to give Keith Thompson a call at (770) 692-1605 or email KThompson@HotelAssetsGroup.com.published: 02-11-2013