Research & Insights
Research for U.S. and international investors and their advisers, covering hotel investment economics, portfolio decisions and cross-border participation.
Alterra IQ is the firm’s internal investment intelligence platform. Learn how it informs our investment approach ↗
Investor perspectives / September 2026
Nine reports on currency, portfolio choices and hotel ownership.
Currency, inflation and the practical considerations of cross-border ownership.
How rupee returns translate into the purchasing power of dollar-denominated goals.
Read paper 01Assess currency exposure and the underlying hotel separately. Our underwriting must support a U.S. asset on its own merits.
Separating inflation, exchange rates and asset prices in a global portfolio.
Read paper 02Test revenue and operating-cost assumptions independently. Inflation does not automatically translate into higher hotel margins.
A practical guide to funding, investment structures and cross-border diligence.
Read paper 06Confirm the investor’s permitted funding route and the proposed vehicle before an allocation. The asset mandate remains U.S. focused.
The U.S. allocation case when your home currency already tracks the dollar.
Read paper 07Focus on asset quality, geography, governance and net returns. A dollar-linked home currency changes the diversification question.
Compare public markets, private assets and the specific case for hospitality.
Comparing net returns, leverage, income and liquidity on consistent terms.
Read paper 03Compare net cash flow, leverage, holding period and liquidity before allocating to a private ownership position.
The portfolio case for private assets and the role of hospitality investments.
Read paper 04Connect the portfolio rationale to a specific hospitality business plan, operator and acquisition basis.
Evaluate after-tax cash flow, sponsor alignment and the distribution of proceeds.
Understanding deductions, passive-loss limits and the tax cost of an exit.
Read paper 05Evaluate after-tax results across the hold and exit. Depreciation is one input; it does not replace sound property economics.
Worked examples of preferred returns, catch-ups and sponsor compensation.
Read paper 08Read sponsor co-investment, fees, decision rights and the waterfall together. Economic alignment depends on the actual documents.
AI, future travel patterns and the economics of hotel ownership.
How AI could influence travel demand, booking behavior and hotel economics, and the assumptions investors should test.
Read paper 09Acquire at a defensible basis, improve the guest experience and measure net cash flow. Treat unproven AI-driven demand as potential upside.
Our value creation approach ↗Educational research. Examples are hypothetical unless identified otherwise. Investment-specific tax, legal and eligibility questions require advice based on your circumstances.
U.S. money markets
—
Loading latest observation…
The Federal Reserve’s policy range, dated to the observation shown.
—
Loading latest observation…
The effective overnight federal funds rate (EFFR).
—
Loading latest observation…
The Secured Overnight Financing Rate (SOFR), a U.S. dollar benchmark.
Retrieving published rates.
Source: Federal Reserve Bank of New York. Rates are published on business days and may be revised. The target range is dated to the observation shown. These are benchmarks, not borrowing quotes.
Currency & capital markets
Reference rates inform the conversation. They do not determine whether a particular property is a sound investment.
Frankfurter / Daily reference rates
Loading currency history…
INR per US$1. A rising line means more rupees are needed to buy a dollar. Historical movement is not a forecast. Monthly grouped observations; recent periods may be incomplete.
Source: Frankfurter, using central-bank and official-source reference data. Rates may be blended; AED is dollar-pegged and its quoted rate may be peg-derived. Reference rates exclude transaction fees and are not executable exchange quotes.
FRED / U.S. Treasury benchmark
Loading Treasury history…
Yield in percent, not an investment return. Hotel financing also reflects credit spreads, leverage, loan terms and lender appetite.
Source: Board of Governors of the Federal Reserve System (US), DGS10 via FRED, Federal Reserve Bank of St. Louis. Percent, daily, not seasonally adjusted. Non-reporting days are omitted; data may be revised.
Market briefing
Loading recent headlines…
Automated headlines from selected financial, hospitality and regional publishers via Google News and direct publisher feeds. Sorted by publication date within the selected coverage. Topics include U.S. policy, hospitality, India, the United Arab Emirates and other Gulf markets. Links open publisher coverage directly or through Google News; publisher access restrictions may apply. Coverage is provided for context and does not represent Alterra’s endorsement.
Contact
For investment and property partnership inquiries.