As the weather warms, Boston is drawing not only flocks of tourists but also a host of hotel investors. Boston was ranked the fifth-most-attractive hotel investment market in the nation for 2024, behind New York City, Miami, San Francisco and Charleston, South Carolina, according to CBRE's Global Hotel Investor Intentions Survey. However, high interest rates and a lack of supply have held the city's investment sales market from reaching its potential. Hotel researchers and brokers tell Bisnow that although the macroeconomic environment is slowing sales and construction for now, it may benefit Boston's competitiveness in the long term.
"At the end of the day, Boston remains a very, very strong market," JLL Managing Director Alan Suzuki said. "There's a really healthy long-term prospect in the market, with a lack of supply and diverse demand generators and further recovery." Beantown… Read the full story here. |