Rooms Hotels

Global Wealth Funds Buy ‘Trophy’ Hotel Properties Away From Big Brands

Excerpt from Hotel News Now

Skift Take

The impact of these, and larger future investments, could change the face of hospitality in the U.S. and abroad as the culture and labor expectations of executives and decision-makers changes up top.

— Samantha Shankman

Global sovereign wealth funds and high-net-worth individual investors are steadily acquiring big-ticket hotel “trophy” assets around the world, and experts say the trend is likely to continue. While Middle Eastern investors have had the strongest presence recently among such buyers, cash-laden investors are now emerging from China to Norway to Latin America.

Major players such as Starwood Hotels & Resorts Worldwide and Marriott International have sold multiple luxury properties to overseas buyers in recent months, particularly Middle Eastern individual investors and sovereign wealth.

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