Perhaps no commercial real estate sector was battered more by the pandemic than hospitality, which had to face travel restrictions, lockdowns, strict cleaning requirements and a disappearance of guests fearing staying in a room after someone else.

It’s long been held that location is the most important factor when considering a real estate investment opportunity. But for certain sectors heavily impacted by the pandemic, TIMING could be the key consideration when evaluating performance. The hospitality sector may be the recovery story of the next few years as demand is expected to reach all-time, pre-pandemic highs in 2023.