Debt availability is the constraint, not appetite
Buyers are ready to transact at current pricing; lenders are still the limiting factor.
Hotel Times · Lead story
Transaction volume recovers as financing costs stabilise
Deal count is up sharply on last year, though pricing remains below the last peak in most markets.
Conversion pipeline overtakes ground-up development
For the first time, more rooms are in conversion than in new construction in several tracked markets.
Three senior appointments reshape the operator landscape
Two chief executives and a development director move in the same quarter.
Markets
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Cap rates compress in the top three markets
Prime assets in gateway cities have repriced faster than the wider market.
Development
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Mixed-use is now the default for urban schemes
Single-use hotel development is becoming rare in city centres, driven by land economics.
People
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Asset management is the hardest role to hire
Vacancies stay open twice as long as commercial roles, and the pay premium reflects it.
