Hotel Real Estate Investment Trusts (REITs): An Investigation of Market Performance, Risk Features, and Risk Determinants
Hyunjoon Kim
Abstract
Hyunjoon Kim
Abstract
This empirical study investigates the long-term (1993–1999) performance of hotel REITs and compares it with five other REITs groups: office/industrial, residential, health care, retail, and diversified REITs. In addition, the study is designed to investigate the risk features of hotel REIT stocks as well as their determinants of systematic risk.
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This empirical study investigates the long-term (1993–1999) performance of hotel REITs and compares it with five other REITs groups: office/industrial, residential, health care, retail, and diversified REITs. In addition, the study is designed to investigate the risk features of hotel REIT stocks as well as their determinants of systematic risk.
Key concepts: Real estate investment trust, Business, Real estate, Estate, Investment (military), Finance, Political science, Law