Key Takeaways: 2024 ALIS & ALIS DESIGN+

We were excited to take part in the 2024 America Lodging Investment Summit (ALIS) and the inaugural year of the two-day ALIS DESIGN+ conference, both held at the JW Marriott & Ritz-Carlton Los Angeles in January.

ALIS, which is the largest hotel investment conference worldwide, had many key highlights from industry leaders, covering everything from new hotel technologies to data and travel trends.

ALIS DESIGN+ focused on design and renovation issues with panels offering in-depth perspectives that are outside of the investment-focused ALIS wheelhouse. 

While ALIS DESIGN+ is much smaller than the HD Expo + Conference and BDNY, it has the potential to become a must-attend conference. 

Our ALIS 2024 takeaways include:

• Rate cuts will be less than anticipated and will happen in late 2024.
• Lenders require ground-up developments have a brand with a strong reservation system.
• Not many people have capital stack problems now, but that will change when it is time to refinance.
• Many hotel owners will need to bring in new equity to provide capital for the refinance and for long-delayed PIPs (property improvement plans).
• Hotel fundamentals are generally strong, except for select markets.
• There is not much need for distressed equity.
• For construction financing, it’s hard to pencil in new opportunities in the current environment – even with rate cuts. 
• There is increasing interest in outdoor-focused hospitality brands such as AutoCamp, Outbound, Onera, Loge Camps and Field Station. 

We enjoyed connecting with old friends and new at this year’s ALIS and ALIS DESIGN+ conferences and look forward to seeing you again next year. As always, if you’re ready to dig a little deeper into the Hawaii hospitality real estate market, give us a call or e-mail.

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