The Great Pandemic Hotel Deals That Never Showed Up for Investors
Skift Take
The opportunities for steep discounts on hotel real estate from the pandemic are fading, as property owners are increasingly optimistic about what the vaccine can do for summer travel demand.
Early Check-In
Editor’s Note: Skift Senior Hospitality Editor Sean O’Neill brings readers exclusive reporting and insights into hotel deals and development, and how those trends are making an impact across the travel industry.
What would typically be a normal downturn in the economy sparks an investor feeding frenzy among those waiting to pounce on deals in industries facing tough times.
But nothing about the ongoing global pandemic is normal.
We’re barely halfway through hotel earnings season, and major companies like Hilton and Marriott all report losing hundreds of millions of dollars last year. Some are closer to billion-dollar losses than they are to breaking even.
With the ingredients all there for disruption, transactions, and dealmaking, we decided to launch a weekly briefing to give you the full story. A real estate sale often has greater implications. A brand acquisition can point to where the future of the entire hotel industry is heading. A developer’s television soundbite can send an entire industry scrambling to follow trends.
Join us every Monday, as you are now, for the Early Check-in. We’ll have a rundown of deals, transactions, and developments you should be following and how they
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