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The performance of lodging properties in an investment portfolio
Affiliation:1. Cornell University School of Hotel Administration USA;1. ETH Zurich, Institute of Food, Nutrition and Health, Schmelzbergstrasse 9, CH-8092, Zurich, Switzerland;2. Department of Applied Biochemistry and Food Science, Budapest University of Technology and Economics (BME), Műegyetem rkp. 3, H-1111, Budapest, Hungary;1. School of Urban and Environmental Engineering, KIST-UNIST Ulsan Center for Convergent Materials (KUUC), Ulsan National Institute of Science and Technology (UNIST), Ulsan 44919, Republic of Korea;2. Center for Water Resource Cycle Research, KIST School, University of Science and Technology (UST), Korea Institute of Science and Technology (KIST), Seoul 02792, Republic of Korea;3. Department of Civil, Environmental, and Architectural Engineering, Korea University, Seoul 02841, Republic of Korea;4. School of Environmental Science and Engineering, Pohang University of Science and Technology (POSTECH), Pohang 37673, Republic of Korea;1. Energy Systems Division, Argonne National Laboratory, Argonne, IL 60439, USA;2. School of Physics and Technology and Key Laboratory of Artificial Micro/Nano Structures of Ministry of Education, Wuhan University, Wuhan 430072, China
Abstract:Hotel-property investments have some surprising characteristics-notably, their divergence from the performance of other commercial real estate.
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