Airports Becoming Sought After Hotel Real Estate

Airport hotels ranked second behind luxury hotels in the estimated $5.5 billion the industry spent on capital on existing properties in 2007, according to Bjorn Hanson, head analyst at the hospitality division of PricewaterhouseCoopers.

There are more than 20 generally upscale hotels in the planning stages across the United States, including hotel outlets in Chicago, Salt Lake City and San Francisco, says Jan Frietag, vice president of Global Development at Smith Travel Research.