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Dennis Gershenson, president and CEO of Ramco-Gershenson Properties Trust (NYSE: RPT), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.
Ramco-Gershenson owns and manages large, multi-anchor shopping centers in metropolitan markets within the United States.
Gershenson observed that occupancy levels for its core portfolio are particularly robust at this time, averaging about 95.5 percent.
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.
Dennis Gershenson, president and CEO of Ramco-Gershenson Properties Trust (NYSE: RPT), joined REIT.com for a CEO Spotlight video interview during REITWeek 2014: NAREIT’s Investor Forum, held in New York. Ramco-Gershenson owns and manages multi-anchor shopping centers in strategic metropolitan markets throughout the eastern, Midwestern and central United States.
