A majority of Lodging Industry Investment Council members said they expect full-year lodging real estate transactions in 2023 to exceed the volume in 2022.
In a survey conducted at a private roundtable of members, 67% said they believe transactions will be up, while “27% believe the count will be roughly the same and only 6% predict down,” according to Michael Cahill, CEO and founder of national hotel and casino advisory firm Hospitality Real Estate Counselors.
However, it won’t be all sunny skies for every deal, said Jim Butler, founding partner of Los Angeles-based law firm Jeffer Mangels Butler & Mitchell, and founder and chairman of the firm’s Global Hospitality Group.
