Feb 17, 2016
IRR: Fort Worth’s ‘bed-head’ hospitality market 2016
FORT WORTH – The long-standing reputation as a convention and tourism destination, coupled with a strong local economy and expanding business in the region, has resulted in increased occupancy among...
FORT WORTH – The long-standing reputation as a convention and tourism destination, coupled with a strong local economy and expanding business in the region, has resulted in increased occupancy among both full-service and limited-service hotel properties.
Overall occupancy rates and average daily rates have steadily increased over the past five years, and are anticipated to continue in this direction into 2016.
Cap rates declined slightly the second half of 2015 but will likely remain flat in the first part of 2016.
Discount rates saw little movement in the last quarter of 2015 and any variation into coming year is expected to be minimal.
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