Podcast Guest Adam Lair: The Ralph Bivins Project

HOUSTON, – RALPH BIVINS: Welcome to the Ralph Bivins Project. We’re here with Adam Lair. He leads the hospitality investment division at Partners Capital. Everybody knows the pandemic was not good for the hotel business and a lot of other businesses, but a lot of hotels really took it on the chin. Tell us a little bit about what’s going on with the hotel market lately.

ADAM LAIR: Nationally, I think hotel performance surprised us in 2023. Coming out of the pandemic, hotels recovered pretty quickly. A lot of that was led by leisure. A lot of what we looked at in, call it coastal leisure markets, destination, drive-to-type markets, coastal Florida is one of the types of markets that spring to mind. A lot of those had a pretty significant pop from all the pent-up demand and international travel restrictions.