RCA in the commercial property press:


Hotel Renovations Expected in 2012


Monday, December 12, 2011
Source: Washington Post


Washington Post reports: A steady recovery in the hotel industry has spurred a wave of renovation projects, a trend likely to pick up speed in the coming year.

Hotel owners placed planned upgrades on the backburner as bookings dwindled and room revenue dried up three years ago. Now that travelers are back in the market with a full suite of options to choose from, hoteliers are sprucing up their properties to remain competitive.

The resurgence of demand and pricing power also sparked a flurry of hotel sales since 2010. Through the nine months ending September of this year, global commercial property research firm Real Capital Analytics said hotel sales soared 122 percent to $14 billion.


View the full article on Washington Post: Hotel Renovations Expected in 2012


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Posted by: Nina Turner

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