05 May 2015
The 2015 LIIC Top Ten: Hotel Investors Bask in Rare & Glorious Sunshine
Each year at Meet the Money® – the national hotel finance and investment conference, Mike Cahill announces the “LIIC Top Ten” – a profile of investment sentiment and attitudes for the hotel industry that is gathered through an annual survey of the Lodging Industry Investment Council (LIIC). LIIC is the hotel industry think tank whose members own or operate billions of dollars of hotel investments and involves all aspects of the industry. In fact, 60% of LIIC hotel owners successfully purchased a hotel in the last 12 months, and 47% currently have additional acquisitions under a purchase and sale contract.
Along with Mike Cahill of Hospitality Real Estate Advisors (HREC) and Sean Hennessey of Lodging Investment Advisors, I am pleased to be one of the co-chairs of LIIC. I am grateful to Mike Cahill for analyzing the survey results which result in the annual LIIC Top Ten.
Mike reported that the 2015 survey resulted in the most positive outlook of the hotel industry for the foreseeable future, since the LIIC surveys began! Yes, there are concerns – the interest rate environment, the strength of the dollar, new supply among others – but for now, expectations are being met or exceeded, and LIIC members expect more of the same in the near future.
Appropriately titled, “Carpe Diem: Hotel Investors Bask in Rare & Glorious Sunshine,” you can click here to see Mike’s presentation. You will find it interesting.
For more information about LIIC, see www.LIIC.org
Contact LIIC’s Co-Chairmen at:
- Jim Butler, Chairman, JMBM Global Hospitality Group®- firstname.lastname@example.org
- Mike Cahill, CEO & Founder, HREC – email@example.com
- Sean Hennessey, CEO, Lodging Investment Advisors – firstname.lastname@example.org
This is Jim Butler, author of www.HotelLawBlog.com and hotel lawyer, signing off. We’ve done more than $87 billion of hotel transactions and have developed innovative solutions to unlock value from hotels. Who’s your hotel lawyer?
Our Perspective. We represent hotel owners, developers and investors. We have helped our clients find business and legal solutions for more than $87 billion of hotel transactions, involving more than 3,900 properties all over the world. For more information, please contact Jim Butler at email@example.com or +1 (310) 201-3526.
Jim Butler is a founding partner of JMBM, and Chairman of its Global Hospitality Group® and Chinese Investment Group®. Jim is one of the top hospitality attorneys in the world. GOOGLE “hotel lawyer” and you will see why. Jim and his team are more than “just” great hotel lawyers. They are also hospitality consultants and business advisors. They are deal makers. They can help find the right operator or capital provider. They know who to call and how to reach them.