Buyers Facing Aggressive Competition for Hotels

submktthumbs_hotel_jul2016After a record year in 2015, the Minneapolis/St. Paul hotel market is highly active. Many buyers and institutions are continuing to aggressively seek existing product and land for hotel development. With the competitive environment in Minneapolis/St. Paul and other larger markets in the region, buyers and developers continue to seek out opportunities in secondary and tertiary markets.

According to Ronn Thomas of Cushman & Wakefield NorthMarq, “The continued demand for quality assets is causing owners to contemplate selling. Sales expectations are high for the second half of the year.”

For more details on the Twin Cities Hotel market, subscribe to the Compass Report.

Ronn Thomas is a Senior Director in the Capital Markets Hospitality Group.

bites_lo_hotelBe sure to follow our ongoing “Compass Bites” series on Twitter, LinkedIn and Facebook which offers bite-sized trends and insights stemming from the Compass Report.

Compass Video screen

Check out our short video on highlights from the recent Compass Report. To watch, visit Cushman & Wakefield NorthMarq’s Vimeo or YouTube channels or visit the Compass website.


 

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