Analysis: Hotel Occupancy Levels Expected to Hit 30-Year High by 2016
Limited new development in the hotel sector is expected to push national hotel occupancy rates to their highest level in 30 years, according to a report from financial and professional service firm JLL.
JLL projected that hotel occupancy would approach 65 percent by 2016, resulting in growth for the average daily rate (ADR) for rooms charged in the industry.
Dan Hansen, president and CEO of (NYSE: INN), said the report underscores the strong demand and occupancy gains he sees across his company’s portfolio.
JP Morgan Analyst Discusses REIT Debt Levels, Investment Grade Ratings
Mark Streeter, managing director at JP Morgan Chase, joined REIT.com for a video interview during REITWise 2014: NAREIT’s Law, Accounting and Finance Conference held in Boca Raton, Fla.
Streeter was asked about appropriate debt levels for REITs and how the industry as a whole performs in this area. He noted that since the financial crisis, the REIT industry has been more focused on the metric of debt to earnings before interest, taxes, depreciation and amortization (EBITDA).
