South Beach Hotels Attracting Investors

Posted by
|
South Beach Hotels Continue Attracting Investors By Jennifer LeClaire MIAMI—The Southeast is reported strong hotel performance in the third quarter—and the political conventions helped the cause. Across the region, Marcus & Millichap reports a large, deep pool of properties hotel properties to select from—and that selection is sustaining considerable investment activity. Hotel property prices are rising. M&M reports three times as many economy hotels changed hands over the past 12 months than in the preceding year. Transaction velocity in limited-service and select-service brands each spiked more than 70% over the past 12 months. “Prices continue to rise from the cyclical lows registered one year ago,” M&M reports. “In the economy segment, the median price rose 6% to $19,300 per room, while the median price for limited-service lags climbed 17% to $24,300 per room. Select-service assets carried a median price of $48,900 per key in deals completed over the past year, 17% more than the median price in the preceding year.” Robert Taylor of the CBRE Hotels Group in Miami tells GlobeSt.com South Beach is still one of the top markets in the country, along with New York, Boston and Washington, D.C. The barriers to entry are significant. Because Miami is more of a gateway market than a Fort Lauderdale or Palm Beach, the pricing is higher for assets in Miami than the rest of South Florida… via GlobeSt.com – South Beach Hotels Continue Attracting Investors – Daily News Article.

Add a comment

*

Translations

Our associates speak many languages. Call us today to learn more about Capital Nest.

Featured Video

Calendar

July 2017
M T W T F S S
« Feb    
 12
3456789
10111213141516
17181920212223
24252627282930
31  

Preferred Sites

Trulia Realtor
Zillow Loopnet

About Capital Nest

Capital Nest is a premier real estate company with many aspects related to investments, development and finance. The firm was established since 2006 and is currently expanding onto international markets. We encourage you to register with us and stay better connected with our achievements. This website and its use is offered under the terms and conditions of its User Agreement and Privacy Policy. Your use of this website constitute an agreement with both.

Why Capital Nest?

Capital Nest has retained only the best of brokers and agents in the industry. It is also closely affiliated with development, investments and financial groups to better serve and assist our Clients.
Follow us:  Twitter | Vimeo | Facebook
  © 2015  Copyright  |  Capital Nest Realty, LLC  |  All rights reserved.