Last year saw a doubling of financing activity for hotel real estate in the commercial mortgage-backed securities sector and we see another strong year ahead.
Capital sources are circling the primary hotel markets in the U.S. now, looking for opportunities to own new hotels as soon as they are completed.
We are seeing major international hotel companies push ahead in emerging markets, such as China, India, and Eastern Europe, with new development programs aimed at establishing strong footholds in those fast growing geographies.