Hotels—The fifth food group?

Abstract

Traditional asset groups -- office, retail, residential and industrial -- hotels traditionally not regarded as an asset class -- high operational costs in running hotels -- volatility of income stream -- lengthy timescale for development and construction of hotels -- new trend emerging -- hotel increasingly seen as main asset -- wider pool of investors available -- negative performance of equity markets and fall in commercial property yields -- resilient tourism -- sale and manage back transactions -- UK REITs -- all contribute to boosting the status of hotel into the mainstream. [ABSTRACT FROM AUTHOR]