Every hotel investment comes down to a core decision. Operate under a global brand or run the asset independently. At its core, this is about control. The ability to act quickly on decisions that impact

1. Introduction Real estate capital is allocated to markets where economic scale, legal transparency, and institutional stability converge. On each of those measures, the United States holds a position that very few markets can credibly

1. Executive Summary The global hospitality sector enters 2026 at an inflection point. Capital that remained dislocated through 2023 and 2024 is being progressively redeployed into a sector where operating fundamentals have improved, demand growth

1. Introduction Few real estate products carry as much reputational weight as vacation ownership. For many investors and consumers, the category brings to mind high-pressure sales environments, opaque contractual terms, and obligations that prove difficult

1. Introduction Periods of market stress have historically been among the most productive environments for disciplined real estate investors. When capital retreats, sentiment turns negative, and owners face pressure they cannot absorb, assets that might

1. Introduction When most people think about how money is made in real estate, they focus on the acquisition. Buy the right property in the right location at the right price — and returns will

1. Introduction The US real estate investment market enters 2026 with a markedly different character than the one that defined the prior three years. After navigating the most aggressive Federal Reserve tightening cycle in four

1. Introduction Luxury hospitality occupies a distinct and often misunderstood position within the broader real estate investment universe. To the casual observer, a luxury hotel is a prestigious building that accommodates wealthy guests. To an