The 2018 LIIC Top Ten: The Annual Survey of Lodging Investments Trends and Challenges
May 8, 2018 12:46am
"Hotel Real Estate: Floating Forward in a Fluid Market"
DENVER, 8 May 2018-- For well over a decade, the members of the hotel industry’s preeminent think tank, “LIIC – The Lodging Industry Investment Council,” are annually surveyed to develop a list of the major hotel investment opportunities and challenges for the coming year. This exhaustive survey results in the LIIC Top Ten, a highly regarded profile of investment sentiment and attitudes for the lodging industry for the forthcoming 12 months. Altogether, the members of LIIC represent direct acquisition and disposition control of well over $40 billion of lodging real estate.
Members are highly active and have the pulse of the market, with 53% of LIIC hotel investors having successfully purchased a hotel in the last 12 months and 40% currently having a hotel acquisition candidate under a purchase and sale contract. Moreover, 93% hope to buy lodging assets over the next year; 75% plan to sell a hotel over the next 24 months.
The hospitality industry’s most influential investors, lenders, corporate real estate executives, REIT’s, public hotel companies, brokers and significant lodging equity sources are represented on the Council. LIIC serves as the leading industry think tank for the lodging business (www.liic.org).
Mike Cahill, LIIC co-chairman, produced this year’s survey (www.mikecahill.com). Mr. Cahill is CEO and Founder of HREC – Hospitality Real Estate Counselors, a leading international hotel and casino brokerage and advisory firm (16 offices nationwide) specializing in lodging property sales, debt financing, consulting and litigation support (www.hrec.com). Alexander Cammarata and James Few, Associates in HREC’s Denver office, assisted throughout the process.
2018 LIIC Top Ten Survey Results:
LIIC Bonus Questions:
Looking forward, the “hotel investment illuminati” believe…
LIIC is concerned about Tom Brady’s Health! 56% believe he should retire now and save his brain and marriage to Giselle. On the other hand, 20% selfishly want him to continue as “he is still peaking professionally.”
When staying at a hotel on a multiple day business trip, would you “pass” on daily room cleaning? 60% yes, 40% no. Broken down: 32% yes, for additional membership rewards points; 14% yes, for a 5% discount on room rate; 14% yes, for no discount because protecting the environment is the only reward I need; 19% no, not sanitary and 21% no, I want a hotel person to check daily to make sure I am alive.
Will Trump be re-elected as President in 2020? 16% say “yes,” MAGA; 65% report “no,” and 19% say “not applicable since he will be impeached prior to the election.” But time will tell…only 13% correctly predicted his win in 2016!
For additional information, please contact:
LIIC – The Lodging Industry Investment Council
Mike Cahill, CEO & Founder, HREC: email@example.com
Sean Hennessey, CEO, Lodging Investment Advisors: firstname.lastname@example.org
Jim Butler, Partner, JMBM - Jeffer Mangels Butler & Mitchell, LLP: email@example.com
Tags: the lodging industry investment council,
lodging investments trends and challenges
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