REITs taking disciplined buying approach

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09 January 2012
By Shawn A. Turner
Finance Editor
Shawn@HotelNewsNow.com
Story Highlights
  • While the companies were dominating hotel buyers during the first half of the year, deal volume has slowed precipitously for REITs since August.
  • REIT executives said they still are looking for deals, but they are keeping a close eye on target markets and expected internal rates of return.
  • “You have to have the discipline to know when to sit still and when to sell. That’s what we did in the old days,” said Jeff Fisher, chairman, president and CEO of Chatham Lodging Trust.

Real-estate investment trusts, quiet on the hotel acquisition front of late, are planning a measured approach in regards to hotel transactions.
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