Domain Properties NYC Releases Investors' Strategy for Growth in Manhattan Hotels Investment Real Estate
Domain Properties, key players in NYC real estate, are releasing their latest report about investors' strategy for growth in the Manhattan hotel industry. REIT's and Investors are interested in New York City hotels. Domain Properties points out that Hospitality investors are focusing on sales growth rather than the current market cap rate.
- New York, NY (1888PressRelease) December 28, 2010 - As the current year winds down, overall confidence in the New York City hotel sector rises to a new high. Investors have a renewed interest in Manhattan hotels. Potential buyers are encouraged by signs of a recovering sector. Investors are looking forward to revenue gains and a promising future in the NYC hotel industry. Within their enlightening report, Domain Properties zeroes in on the main focus of investors in Manhattan hotel real estate.
Buying Hotel Growth in NYC - Investors Strategy for Growth in Manhattan Hotel Real Estate REPORT Link HERE,
http://www.domain-properties.com/domain.cfm?id=32
According to the Investors' Strategy for Growth Report, "Market capitalization rate provides a reliable estimate of value but investors in the New York City hotel sector have a different goal in mind. Their main focus is sales growth rather than the current market cap rate."
Domain Properties also references other expert opinions about the recovering Manhattan economy. As the NYC hotel industry rebuilds after the economic downturn, the HVS Career Network (HCN) sees a growing demand for mid-management recruitment for hotels. In addition, Colliers PKF Hospitality Research (PKF-HR) edged up its previous forecasts by 0.8% for U.S. hotel performance to the end of the current year.
PKF-HR statistics project New York's ADR (Average Daily Rate) to rise 6.6% this year. In fact, NYC will be just one of ten markets to enjoy an ADR increase during 2010. PKF-HR also predicts flourishing times ahead for NYC hotel real estate. Domain Properties explains the strength of the hotel industry in New York City and across the country.
"According to New York-based Real Capital Analytics Inc., hotel sales jumped 136% in the first half of 2010 compared to the previous year," states the Investors Strategy for Growth Report.
Actually, the best strategy for investors is to take advantage of the opportunity for NYC hotel ownership. As the economy strengthens, an ever-increasing number of investors will be interested in the Manhattan hotel scene. Current REIT's and investors are not nervous about investing in any aspect of the NYC hotel industry including the luxury market. There is a strong demand for upscale property and interest in that area can be expected to increase in coming months. Transactions of all types (distressed hotel properties, Office Buildings, luxury markets) abound in the Manhattan hotel industry.
Recently, Gramercy Park Hotel has been added to the list of NYC hotel transactions. Ian Schrager, hospitality legend and inventor of the boutique hotel, has confirmed the sale of his interests in Gramercy Park Hotel. Schrager is creating two new hotel brands for his new private hotel company - SCHRAGER HOTELS.
The hotel brands under development include a luxury lifestyle brand and another stylish but affordable option. Schrager intends to open his hotels in international gateway cities including New York. It is easy to understand why investors are buoyed up by recent developments in the hotel industry.
"This year's turnaround will be the start of gains in hotel revenue and profits that will continue in the future," says Domain Properties in their latest investor's report.
To learn more about investors' strategy for growth in Manhattan hotel real estate, contact Haim Yagen. For all the news about the latest transactions in the NYC hotel industry, visit http://www.domain-properties.com. Discover why there is such a high level of optimism about New York City hotels.
About Domain Properties:
Domain Properties, a professional team of industry experts, are changing the face of New York City real estate. Their experienced staff specializes in sales and leasing of NYC properties. Domain Properties handle sales for OFF MARKET hotels and property as well as land in New York City and sales of industrial and retail space.
Their expert professionals can arrange leases for buildings, offices, or NYC retail space. This NYC Company is a trusted source for people who want to buy, sell, or rent Manhattan apartments and condos. Domain Properties buys hotels in New York City, Long Island City, Brooklyn, NY, and Queens. With their expertise and knowledge, Domain Properties always discovers the best deals in New York City real estate.
Visit for more information: http://www.domain-properties.com/Hotels_For_Sale_NYC.cfm
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