Press release
Domain Properties NYC Releases Investors' Strategy for Growth in Manhattan Hotels Investment Real Estate
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.
Visit here for more information: http://www.domain-properties.com/Hotels_For_Sale_NYC.cfm
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.
Address:
234 Fifth Ave, 2nd Floor
New York, NY 10001
Phone:
212.741.9700
FAX:
212-229-9949
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Domain Properties NYC Releases Investors' Strategy for Growth in Manhattan Hotels Investment Real Estate here
News-ID: 156932 • Views: …
More Releases from Domain Properties
Domain Properties-NYC Hotels For Sale-Provides OFF Market Discreet Acquisition/D …
Domain Properties, an expert team offering hotel acquisition and disposition services in New York City, have expanded their investments and extended the company's portfolio to meet the growing demand of the Manhattan market. This professional and experienced group take pride in providing OFF market discreet acquisition and dispositions services - with or without exclusive non obligation agreement. Domain Properties work with buyers and sellers in an ever-growing NYC hotel industry.…
More Releases for NYC
Divine Moving NYC: Raising the Bar Among NYC Moving Companies
Divine Moving NYC offers tailored moving solutions, setting a high standard for residential and commercial relocations in New York City. With expertise in managing the challenges of the city's dynamic pace, they ensure smooth, stress-free transitions for clients across boroughs.
Divine Moving NYC [http://finance.minyanville.com/minyanville/article/abnewswire-2024-11-18-divine-moving-expert-moving-services-now-available-across-nyc] is making waves in the moving industry with its efficient, professional relocation solutions tailored to meet the diverse needs of New Yorkers. As a premier NYC moving…
Divine Moving NYC: Leading NYC Moving Company Revolutionizes Stress-Free Relocat …
When relocating to New York City, which is renowned for its fast pace and complexity, selecting the right moving company is crucial. Divine Moving NYC meets this challenge with excellence, offering superior moving services specifically designed to address the unique needs of New Yorkers.
When moving to New York City, a place known for its fast pace and complexity, choosing the right moving company can make all the difference. Divine Moving…
Mangia NYC Launches Refreshing Summer Dessert Cups
New York's famed eatery serves summertime goodness with its latest menu addition
July 18, 2024 - New York, New York - Mangia NYC, the acclaimed artisan Italian eatery is excited to introduce its new Summer Dessert Cups. These delightful desserts, crafted by the talented Mangia Bakery team, are a refreshing treat that is ideal for the warm summer months.
Mangia Summer Dessert Cups are expertly prepared using the finest freshest locally sourced…
NYC 5th Annual Women Empowerment Event
NEW YORK, New York (02/13/2017) - Custom and creative design company MelimeL Digital Art Design hosts their 5th Annual Women Empowerment Event, a networking and panel event during Women's History Month, on March 18, 2017 at La Maison d’Art, Harlem NYC at 6pm.
This year’s event includes an influential panel of women making waves in the realm of corporate, law and medicine; including Yesi Morillo-Gual, Founder of Proud To Be Latina…
Want To Know About NYC Lifestyle?
When it comes toNYC lifestyle, the options are unlimited. Being one of the most populous cities of the United States, it is also one of the most bustling metropolitan areas in the world. New York is a leading global city and exerts an immensely powerful influence over global finance, commerce, media, art, culture, research, fashion, entertainment and education. Since the city houses the United Nations headquarters, it has automatically become…
Free Highlights at Top NYC Salon
Whittemore House Salon, voted top salon in Manhattan by InStyle Magazie this month, is holding a model call for a hair painting class to be held on Sunday, Oct. 17 and Monday, Oct. 18, 2010. Below please find the following details:
* The technique performed is hair painting, a modern way of creating subtle highlights and lowlights
* Appropriate hair requirements: virgin to lightly colored/highlighted hair, medium length, medium density, blonde…