News
MONEY CHECKS IN; THE DEAL SHEET
July 26, 2011
| Even though US hotel investment has jumped over the past two years, most money had its eyes trained on just nine metros, with New York leading the pack. (And it’s not because Dominique Strauss-Kahn keeps lodging in the limelight.) |
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| For one, Pebblebrook recently bought an interest in six Manhattan hotels owned by Denihan (including the Affinia Manhattan) for $152M. Nine metros have snapped up 60% of all hotel trades over $10M, according to C&W, and the Big Apple accounted for 18.6%—that’s more than twice the next market, San Diego, with 8.6%. San Francisco, Los Angeles, Washington DC, Boston, Chicago, and Dallas round out the list. What makes NYC so hot? Find out tomorrow at Bisnow’s New York Hospitality Investment Summit at the Roosevelt, featuring top names from Denihan, FelCor Lodging Trust, LW Hospitality Advisors, Prudential Douglas Elliman, Morgans Hotel Group, RLJ Lodging Trust, Allied Advisors, HEI Hotels & Resorts, PMZ Realty Capital, Starwood Hotels & Resorts, Greenberg Traurig,Arent Fox, and Katten Muchin Rosenman. Plenty of schmoozing, too! Last chance—sign up here. |
