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Article of The Week: By Patrick Whyte | hotelmanagement | Jun 7, 2024 5 big takeaways from NYU 2024 We’ve taken the last few days to take stock of all that went down at the 46th NYU International Hospitality Industry Investment Conference (NYUIHIIC) 2024. Here are our top trends to watch. Short-Term Complications … The signs at the end of 2023 pointed to a likely fall in inflation, which many predicted would lead to cuts in interest rates… of course this hasn’t happened. Consequently, debt is still expensive leading to a more muted transaction environment. In the capital markets, there are some adjustments in pricing, but not a lot. The cost of financing is also one of the biggest challenges, particularly for repositioning's, the types of deals we go after,” said Tim Abram, managing director, Starwood Capital Group. We are dealing with some owners that actually have to sell good hotels to stop others from being defaulted or being taking back by the bank. It’s going to require interest rates to come down and the reversal of the office crisis. It’s hard to develop new buildings, and although conversions are possible, they are very expensive to do,” said Bill Fortier, senior vice president, development Americas, Hilton Read More: https://lnkd.in/esHS5SD9

5 big takeaways from NYU 2024

5 big takeaways from NYU 2024

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