At the 32nd Annual New York University International Hospitality
Industry Investment Conference this week, some investors were
announcing funding and searches for acquisitions. Capital Hotel
Management, a hotel investment, advisory, and asset management firm,
announced that it has formed CHM Partners to acquire hotels primarily
as a co-investor with other equity partners. CEO Ken Wilson said, “We
believe the timing is right to return to our original strategic
platform and to again invest in hotels to take advantage of the coming
next cycle.” At the conference, Wilson and President Chad Crandall told
me that they believe the next 12-18 months is an ideal time to invest
in hotels. “The pipeline is beginning to accelerate,” Crandall said.
Likewise, Lance Shaner, chairman and CEO of Shaner Hotel Group told me
that he also thought the next 12 months was a window of opportunity.
Shaner Hotel Group announced plans to acquire between $300 million and
$500 million in hotel assets, possibly as soon as the end of the year.
In announcing the company’s intentions, Shaner said, “The availability
of assets coming to market is finally beginning to expand, which has
allowed us to put our plan in action. Capital has not been the problem
in hotel real estate transactions, it has been available product.”
What about you? Do you think the timing is right to make acquisitions?