Investment Focus - Hospitality

HOSPITALITY

Investment Date: 2002 - 2008
Location: Various US
Property Type: Hotel
Keys: 5,357
Investment Strategy: Operating/Development
Status: Partially Realized
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

2001

Post September 11, 2001 capital available to hotel sector declines substantially.

ASSET CLASS CHARACTERIZATION

FRINGEINSTITUTIONAL

2001

CAPITAL FLOWS

OUTIN

2001

REAL ESTATE FUNDAMENTALS

DECLININGIMPROVING

2001