How the Hotel Sector is Navigating the Economic Reopening
June 14, 2021 | Bendix Anderson | WealthManagement.com
Guests are already reserving hotel rooms for what is likely to be a very busy summer. But not every hotel segment is likely to recover at the same pace as the U.S. economy continues to shake off the effects of the coronavirus pandemic.
Investors interested in buying hotels will have to make careful decisions about how quickly their own hotel properties return to business as usual.
“In the peak summer we are going to see the biggest jump in demand probably that we have ever seen,” says Andrea Grigg, global head of hotels asset management for JLL. “However, we have also seen that the different kinds of hotels are going to recover at very different rates.”
WMRE sat down with Grigg to ask her how JLL’s investor clients are planning handle the 29,000 hotel rooms that JLL asset manages on their behalf.
