Dots on a Map

Tertiary Markets possess hidden gems in hotels that offer investors real value.

Hotels had a banner year in 2015, setting six records for metrics despite the impact of AirBNB and the broader sharing economy. Investors were challenged to find good opportunities in primary and even secondary markets given the high prices. In “Dots on a Map,” Director Patrick D’Sa explores hotels serving tertiary markets and where investors might find alpha.

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