Walker & Dunlop has released its first hospitality outlook, Capital, Divergence, and the Search for Durable Returns. The report illustrates how hotel investors are concentrating capital in luxury and upscale leisure properties, while new development remains difficult as financing costs remain elevated and underwriting standards tighten. The outlook finds a widening divide across the lodging sector, with performance increasingly determined by asset quality, location and traveler demographics rather than broader market trends.
The increasingly selective investment environment has fueled demand for specialized advisory services, according to Walker & Dunlop, which recently expanded its hospitality team with the hires of managing director Evan Hurd and director Max Chipouras in Nashville. Hurd and Chipouras specialize in hospitality investment sales, equity advisory and structured capital solutions for hotel and resort assets nationwide, expanding and complementi
