Abstract
ABSTRACT Over the last few years, Japanese investment in the U.S hotel industry has increased significantly. Spurred by favorable tax structuring and interest rates, last year alone they expended $4. 16 billion on the purchase of hotels and resorts (Kenneth Leventhal & Co., 1989. Barron's 1990), nearly triple the amount spent in 1986. (Most of the capital went to the states of California and Hawaii.) This level of investment has raised interest and concern about potential domination by the Japanese of the U.S lodging and commercial real estate market.
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