Hotel & Motel Management - January 7, 2008 - (Page 28) 28 Special Report H&MM January 7, 2008 | HotelMotel.com www.HotelMotel.com/digital_edition REAL-ESTATE DEVELOPMENT & INVESTMENT Equity market retains strong outlook in ‘08 By Elliot Markowitz CONTRIBUTING EDITOR he investment landscape in the hospitality industry likely will remain solid in 2008 in the U.S. and abroad, with lucrative opportunities for different classes of investors. But where will most of the T capital come from? Which U.S. cities present the best opportunities? What foreign countries offer the safest havens and most lucrative returns on investment? These issues will take center stage during a panel discussion titled “The Hot Global Equity Markets: With Capital Flow- ing in Every Direction, What is the Outlook and Where are Things Headed?” at The Americas Lodging Investment Summit, held in Los Angeles from Jan. 2830 at the Hyatt Regency Century Plaza. “From a U.S. perspective, I will look to get the panelists’ views on really whether offshore money is going to be providing liquidity to the domestic markets and what impact that will have,” said Guy Langford, principal, M&A Transaction Services and leader of realestate/hospitality, M&A practice for Deloitte & Touche LLP and moderator of the panel. Name of panel: “The Hot Global Equity Markets: With Capital Flowing In Every Direction, What Is The Outlook And Where Are Things Headed?” Time of panel: 4:45-6 p.m., Jan. 28 Moderator: Guy Langford, principal, M&A Transaction Services and leader of real-estate/hospitality, M&A practice for Deloitte & Touche LLP Panelists: John Bralower, president, Carlton Hospitality Group, The Carlton Group; Jonathan A. Langer, managing director, realestate principal investment area, Goldman Sachs; and Jay H. Mantz, global co-head, Morgan Stanley Real Estate and managing director, Morgan Stanley THE FORTE VILLAGE RESORT Sardinia Langford M&A TRANSACTION SERVICES Bralower CARLTON HOSPITALITY GROUP Molinaro Koger, the world’s leading hotel—exclusive real estate advisor, brokerage and capital markets source, is pleased to have facilitated our clients’ global investment goals through more than $4.2 billion in transactions during the past 12 months. COPENHAGEN MARRIOTT HOTEL Copenhagen, Denmark WESTIN O’HARE HOTEL O’Hare Airport Chicago, Illinois SUMMERFIELD SUITES PORTFOLIO United States SHERATON HOTEL AND CONFERENCE CENTER Oklahoma City, Oklahoma GREAT EASTERN HOTEL London, England WASHINGTON MARRIOTT HOTEL Washington, DC Please contact Molinaro Koger for comprehensive hotel investment services. WASHINGTON, DC | NEW YORK | LONDON ATLANTA | CHICAGO | CINCINNATI | DALLAS | LOS ANGELES | PHOENIX | SAN FRANCISCO BEIJING | MUMBAI | SHANGHAI w w w. m k h o t e l s . c o m CIRCLE NO. 144 Because of current exchange rate dynamics, Langford said he will ask the panelists if they think offshore investors will be looking for ways to diversify their assets globally and whether or not they believe the U.S. is an attractive market. Conversely, he said he will get their opinions on where the opportunities are outside the U.S. and where some of the U.S. funds might be looking offshore. “We are going to explore what we expect to see in the equity markets over the next 12 to 24 months,” Langford said. “The current credit crunch probably will make the playing field skewed toward the corporate acquirer. It will be tough for some of the domestic funds to get the See Investing | page 40 | +1.703.760.9600 http://www.HotelMotel.com http://www.HotelMotel.com/digital_edition http://www.mkhotels.com http://www.mkhotels.com
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