Interesting article from the Pacific Business News regarding hotel sales in Hawaii. Now is an opportune time to buy a hotel in Hawaii, according to industry experts, if only investors could find owners willing to sell.
The visitor industry is breaking records this year, and experts forecast an even stronger 2013. Room revenue for the hotel industry generated a record $2.45 billion in the first nine months of the year, nearly 15 percent more than last year, and statewide hotel occupancy, average daily room rates and revenue per available room also have increased.
Global investors are taking notice and are looking at how they can benefit from Hawaii’s booming tourism industry. But the competition for the very few available hotel properties is high. Click here for the full article from The Pacific Business News
So, as we head into the holiday season remember to call or email me if you are looking to buy or sell something here on Maui or would like more information about Maui Real Estate. My website www.SoldOnMaui.Net provides a great resource for you to search the Maui MLS & check out New Listings and much more!
Aloha for Now!