'In the hotel business, you really make your money by opportunistic buying and selling'
The past decade, over which private equity buyouts went from mega-boom to bust, brought about a dramatic change in the ownership structure of the hospitality industry. Ten years ago, private equity firms accounted for 12% of hotel rooms among the 10 largest hotel owners, with Real Estate Investment Trusts (REITs) owning 67%. Private equity firms now own 59% of rooms among the top ten, with REITs at 33%, according to a recent study.
What does it mean for hospitality workers? Read the full article on the IUF's Private Equity Buyout Watch site here.