European hotel investors eye underperforming assets
Hotel executives in the United Kingdom and Europe are seeking solutions in a challenging environment for financing acquisitions
Much of the conflict in the hotel industry transactions market is centered around a lack of distress, which discounts pricing and narrows the contentious bid-ask gap between sellers and buyers, according to panelists who participated in a hospitality financing webinar hosted by HVS.
Distress is often a result of hotel owners being unable to service debt on a property. But another reason for discounted pricing in hotels put on the market is that the assets are underperforming.
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