Investors ‘drooling’ over sector

In Sync

Investors continued to be attracted to the sector despite the current pandemic, attendees of the In Sync event heard.

In an absence of distress, investors were looking at the public equity markets, where stocks had fallen, and at buying with cash.

Ramsey Mankarious, CEO, Cedar Capital, said: “If you like hotels, you’re drooling today. If you believe as we do, that the hotel markets will recover, now is a great time to buy”

“We would and have bought properties in cash before Covid: for

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