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Investors - MAY 28, 2020

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Hotel investors estimate time to return to 2019’s levels will be in 2024

by Andrea Zander

The International Luxury Hotel Association (ILHA) hosted its second in a series of timely and topical webinars, hosted by the NorthEast Chapter, titled “Navigating Today’s Hotel Financing & Transaction Environment.” The webinar was moderated by Chelsey Leffet, senior vice president, HVS, and featured panelists Kathy Conroy, managing director, HVS; Deborah Friedland, managing director, EisnerAmper; Fernando Mulet, chief development officer, Playa Hotels & Resorts; and Rudy Reudelhuber, managing director, Hodges Ward Elliott.

 

Recovery timeline

Among the panelists, the estimated time to return to 2019’s levels varied from potentially 2022 — if only considering demand — to 2024, if talking about operating profits.

Between 60 percent and 65 percent of Reudelhuber’s clients believe that operating profits will return to 2019’s levels “around 2023.” Both Reudelhuber and Friedland were hopeful that just as the do

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