Rooms Hotels

Blackstone’s Recent Hotel IPOs Suggest Hospitality Is Hot with Investors Again

Excerpt from USA Today

Dec 26, 2013 1:30 pm

Skift Take

As the economy improves and travel picks up, the hospitality sector again looks like an industry of growth where investors can drop money with expectations for relatively quick returns.

— Samantha Shankman

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Blackstone Group is planning its third IPO of a hotel chain in two months, reflecting a powerful comeback of the hospitality industry as well as a soaring stock market.

The deals indicate that investors are interested in getting back into the hospitality industry, one of the most battered sectors during the recession. Hotel projects had stalled during the downturn. Hotel operators are now starting to add new rooms, but demand from travelers is up significantly.

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