The real estate market has significantly improved since the beginning of the Great Recession, as indicated by recent year-end reports, such as the ULI Emerging Trends 2013. As the U.S. continues to see modest gains in market fundamentals, the recovery will maintain throughout the year. Certain asset classes are seeing tremendous value increases, including the hospitality sector.
The market for available and favorable financing, paired with great operating performance, has led to an up-cycle within this property sector. It has also created a more compelling reason for Real Estate Investment Trusts (REITs), Private Investment Management Firms and Sovereign Wealth Funds to chase hospitality assets. As a result, there has been an uptick in hospitality transactions over the past 12 months, and experts are predicting further activity throughout 2013.
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