In the current environment—characterized by cooling but persistent inflation, higher-for-longer interest rates, and expectations of a recession—many commercial real estate investors gravitate toward the hospitality sector. In our view, select-service and extended-stay hotels are particularly well-positioned for success in the immediate environment and over the longer term.  Smart investors are already taking action. JLL Research reports investment appetite has climbed sharply, with volume for the select-service and extended-stay sector reaching a record-breaking $20.4 billion in 2022, representing 51% of total US hotel investment volume.  Here we explore three key factors underpinning the potential for attractive performance in this hospitality segment:
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