Hotel Development Outlook: Navigating Interest Rates, Construction Costs & Investment
No Vacancy Live! - A podcast by NoVacancyNews
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At The Lodging Conference, Ryan Bosch of Arriba Capital and I discussed the latest trends in hotel development and how itโs affected by interest rates, market shifts, and hospitality industry development strategies. Whether you're a seasoned investor or just curious about the future of hotel construction, this conversation offers key insights on whatโs coming next. Key discussion points: Current interest rates ๐ and their effect on hotel development ๐๏ธ Why 50 basis points isnโt enough for a market shift โ๏ธ but why thereโs hope on the horizon ๐ What Lodging Econometrics' data says about new hotel construction in 2024 and beyond ๐ Market predictions: Which cities are primed for outsized RevPAR growth? ๐ How luxury and upscale segments โจ are faring against economy properties ๐ฒ The challenges and opportunities in hotel development financing ๐ฐ What to expect if many developers begin building simultaneously ๐ ๏ธ The key to getting your hotel project financed in a competitive market ๐ Donโt miss this in-depth conversation packed with actionable insights for developers, investors, and hospitality professionals! Thanks to Unifocus for supporting this video.