GlobeSt Q&A Part 2: Are there opportunities ahead?
Opportunistic investor Shopoff Realty Investments is keeping a close eye on the hotel sector through this downturn. The sector could be a ripe opportunity, particularly for value-add investors, like Shopoff.
“There will certainly be opportunities as a result of this sudden downturn, as some owners will find themselves in need of a sale and those properties may come at a discount,” Bill Shopoff, president and CEO of Shopoff Realty Investments. “I think the hotel sector will be an area to keep an eye on as hospitality is being hit hard during this time of self-quarantine and safer at home measures.”
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This is neither an offer to sell nor a solicitation of an offer to buy any security. An investment in a Shopoff limited partnership involves a high degree of risk, including the possible loss of your investment, and is illiquid with an uncertain liquidity date. Past performance is not indicative of future results. Securities offered through Shopoff Securities, Inc., member FINRA/SIPC.