Leupp: Hotels could be sleeper asset in real estate this year

03/2/2010 | REIT.com

There are a number of asset classes poised for growth this year, says Jay Leupp, president of Grubb & Ellis Alesco Global Advisors. Multifamily, health care and industrial will do well for reasons specific to their industries, he says. Office, by contrast, could potentially hit a 20% vacancy level nationwide this year. Lodging is also not doing well, with assets projected to change hands at distressed levels. But Leupp says if demand rebounds sooner than expected, hotels could wind up being one of the better performing sectors in real estate.

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