Full-service hotels draw investors’ interest

Blackstone’s $5.65 billion sale of the Cosmopolitan Las Vegas resort and casino is an example of the resilience of the full-service hotel sector, with investors focused on the long term. Investors spent more than $11.1 billion on full-service hotels during the first eight months of 2021, significantly above the tally for the same period in 2020, according to Real Capital Analytics.