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« LV Market Continues to Attract
Proceed…with caution »


A Perspective on the Condo Hotel Market

Author: Diana Heeb Bivona

Jim Butler, a hotel lawyer who has advised on over 80 hotel-enhanced mixed-use projects, offered a few insights on the state of the condo-hotel market in a recent article posted on Hospitality Net.

Here are just a few of his thoughts:

  • With 80% of the market previously dominated by “flippers” who have now abandoned ship - the condo-hotel market is slowing and will normalize. Normalization is good.
  • Great projects with great sponsorship in good markets will continue to get done.
  • In general, most resort markets will be stronger than most urban markets. Many secondary and tertiary markets will languish, except in unique circumstances driven by real consumer demand.

    • This entry was posted on Friday, December 1st, 2006 at 5:55 am and is filed under Commercial Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

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