Hotels with David Fuller – June 2026

June 17, 2026

Hotels Poised for Growth: David Fuller Discusses Hospitality Market Trends
On the Spot with Steve Williams and David Fuller

The hospitality sector has demonstrated remarkable resilience over the past several years, adapting to shifting travel patterns, economic uncertainty, and evolving consumer preferences. Today, hotel investors, lenders, and operators are navigating a market characterized by improving fundamentals, selective development activity, and growing opportunities across multiple lodging segments.

In the latest episode of Capright’s On the Spot, host Steve Williams sits down with David Fuller, Capright’s Hospitality Practice Leader, to discuss the current state of the U.S. hotel market and the key trends shaping the future of hospitality real estate.

Hospitality Fundamentals Remain Strong

While the hotel sector faced significant challenges earlier this decade, many markets have experienced a meaningful recovery driven by both leisure and business travel demand. Occupancy levels continue to improve in many regions, average daily rates (ADR) remain elevated, and revenue per available room (RevPAR) has generally outpaced pre-pandemic benchmarks in numerous markets.

As David explains, today’s hospitality landscape is increasingly defined by market selection, asset quality, and operational expertise. Investors are focusing on properties and locations that demonstrate sustainable demand drivers and long-term growth potential.

A Market Defined by Selective Opportunities

Unlike previous cycles characterized by widespread development activity, today’s hotel market presents a more disciplined environment. Elevated construction costs, financing challenges, and labor considerations have limited new supply in many markets, creating favorable conditions for existing assets.

This dynamic is creating opportunities for owners and investors who can identify markets with strong demand fundamentals and limited competitive supply.

Key areas of focus include:

• Business and leisure travel recovery trends
• Hotel operating performance and profitability
• Development and supply constraints
• Capital market conditions for hospitality assets
• Emerging investment opportunities across lodging segments

A Preview of What’s Next: Capright’s Hotel REIT Gross Asset Value Index

The conversation with David Fuller also serves as a timely preview of Capright’s upcoming Hotel REIT Gross Asset Value (GAV) Index, which will be released in the coming weeks.

The index will provide a comprehensive analysis of the publicly traded hotel REIT sector, including portfolio composition, asset values, investment trends, and key performance indicators that are influencing investor sentiment and capital allocation decisions. Leveraging Capright’s independent valuation expertise and extensive hospitality market knowledge, the index is designed to help investors, lenders, operators, and advisors better understand the evolving dynamics of hotel real estate.

For anyone interested in hospitality investment, REIT performance, or the broader outlook for the lodging sector, David’s insights in this episode offer an excellent introduction to many of the themes explored in the forthcoming index.

Stay tuned for the release of Capright’s inaugural Hotel REIT Gross Asset Value Index.

Follow Capright for ongoing hospitality market research, valuation insights, and CRE thought leadership.

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At Capright, we are uniquely positioned to support institutional investors, operators, and developers navigating this evolving environment. As an independent valuation and advisory firm, we provide clarity, accuracy, and confidence, especially where the stakes are highest.