Portfolio transactions in the lodging industry are on the rise

06/27/2013 | HotelNewsNow.com

Several hotel investment experts say hotel buyers and sellers are finding it more convenient to conduct hotel transactions in bulk. Approximately $2.3 billion worth of hotels in 11 portfolio transactions have been sold in the past six months, said Mark Fraioli, senior vice president with Jones Lang LaSalle's Hotels & Hospitality Group. "While a tough question to answer with a degree of precision, I would think that both the availability of capital and the market's recent increased interest in select-service assets would support a higher volume of portfolio opportunities, given that its somewhat more typical for select-service assets to trade as portfolios than would be the case with full-service assets," said Michael Medzigian, Watermark Capital Partners' chairman and managing partner.

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