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Five Takeaways from BDwest's Investor Outlook

(April 2017) posted on Tue Apr 18, 2017

Find out when this cycle will power down, and what your firm should be doing about it.

By Mary Scoviak

click an image below to view slideshow

On a need-to-know basis, hospitality designers need to know what's on their clients' minds in regard to the economy, their investment plans and their business goals. So, we decided to bring together some of the most respected investors to kick off BDwest's 2017 conference programming and give attendees the inside scoop on what to expect from this market.

The Investor Outlook panel discussion at BDwest. Shown left to right: Jeff Higley,; Nick Chini, Bainbridge Private Equity Group; Bernie Siegal, KSL Capital Partners; David McCaslin, HERSHA Hospitality Management; Barry Nidiffer, The Chartres Lodging Group; Thomas Prins, TQP Investments LLC; and Jeff Ning, Dalian Wanda Commercial Properties Co. Ltd. Photo: Harriet Lewis Pallette Photography

Jeff Higley, vice president, digital media & communications/editorial director, moderated a dynamic session offering designers ample food for thought on how to capitalize on current opportunities. Providing the expertise on the numbers and what they mean were Investor Outlook panelists: Nick Chini, managing principal, Bainbridge Private Equity Group; David McCaslin, executive vice president, HERSHA Hospitality Management; Barry Nidiffer, executive vice president-development management, The Chartres Lodging Group; Jeff Ning, senior vice president, Dalian Wanda Commercial Properties Co. Ltd.; Thomas Prins, principal, TQP Investments LLC; and Bernie Siegal, principal, KSL Capital Partners.

Photo: Harriet Lewis Pallette Photography

1. The downturn's coming -- but when? That depends on whom you ask. All of the panelists see this economic cycle powering down, and that includes the outlook for China, according to Ning. The "when" was more open to debate. McCaslin predicted a slowing rather than a panic stop. "We're going into extra innings--barring some kind of external shock," he said. Chini characterized himself as "a complete bear."  "We're at the  bottom of the cycle. Supply is increasing faster than demand for the first time in quite a while. I see the downturn coming, and it's likely to start as early as July." STR is predicting 2 percent supply growth in 2017 and 2.2 percent in 2018, while demand is forcasted to rise 1.7 percent this year and 2 percent next year.


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