ALIS 2026 Takeaways: A Hotel Investment Landscape Defined by Liquidity, Caution, and a Race for Differentiation
📈 The 2026 ALIS Conference highlighted the hotel industry's unique phase: ample capital but limited deal flow. Capital is available from CMBS lenders, bridge providers, and JV partners, yet transactions are restricted by low cash flows and major PIPs. Sellers are aligning on pricing with a narrowed bid-ask gap at 5%. RevPAR growth in 2026 is expected to be modest, with luxury outperforming other segments. AI adoption is accelerating, potentially capturing 50% of travel-search share by 2026.
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