Investors eye convention hotels as events return

Full-service convention hotels took a hit during the pandemic, but as in-person events start to be scheduled for the second half of the year, the sector is drawing attention from REITs and private equity funds. However, it is unclear how long it will take for attendance to return to pre-pandemic levels, and Helen Zaver of Colliers International notes that “a full recovery is not expected until 2023 or 2024.”