Hotel consulting services group expects budgets in 2012 to exceed those same projections and performance in 2010 and 2011. Both higher revenues and profits will contribute to the resulting increased hotel operating incomes going forward. According to Colliers PKF Hospitality Research in these article excerpts: – “While the 2010 budgets for U.S. hotels did project…
Several hotel investment advisors and hotel investor groups are predicting that real estate transaction volume in the hospitality sector will rise although slowly. Many believe that the combination of improving industry fundamentals and the lack of new development can only add to the motivation to sell. As to lenders holding distressed hotel assets and wanting…
The hotel income that a hotel economist considers when determining the potential loss resulting from a construction defects damages lawsuit usually starts with room revenue as its basis. In addition to the guestrooms that may have been impacted and the subsequent revenue loss, there are related revenues to be considered too. These include on-site food,…
There will be plenty of night club expert tips, recommendations and ideas at the next Nightclub & Bar 2012 Convention and Trade Show to held on March 12 to 14 at the Las Vegas Convention Center. Plenty of workshops, bartending demos and cocktail parties will be on hand to wet your nightclub thoughts and planning. Its…
Bringing in outside nightclub consultants as a fresh set of eyes can go a long way to reducing and possibly eliminating the potential for some kinds of lawsuits. Unfortunately in the beverage and entertainment venue business, the mix of alcohol, egos, security issues and lively crowds can lead to someone getting hurt for a variety…
This week the focus of our hotel advisor update is on the projections for overnight lodging revenues for the upcoming holidays and the remainder of the 2011 year. In addition, we want to call attention to recent statistics that still point to a recovery in the hotel sector, albeit to be tempered with caution in…
Are you a bank or lender looking for ideas and information on foreclosure alternatives for your workout and special assets department? Mark your calendar for this Special Assets Management Association (SAMA) event on December 8, 2011 in San Francisco to learn more… Attorney Richard Rogan, a Partner with Jeffer, Mangels, Butler & Mitchell LLP, and…
Getting green restaurant help to improve restaurant sustainability operations is becoming a major priority for many managers, owners and operators in the foodservice and hospitality industry. The Golden Gate Restaurant Association in San Francisco, California is featuring a program for you and your staff to get clear, concise and take away advice on how to…
Where the future lies for expert testimony, such as a hotel expert witness, will be part of this exciting program – “The History and Future of Expert Witnesses” – presented by the San Francisco Chapter of the Forensic Expert Witness Association (FEWA). It will be held in the evening on November 9, 2011 at the Fior d’Italia…
If you are a hotel real estate investor or hotel asset manager, there is more positive news on the horizon for hotels both in room rate growth and higher investment activity going into 2011 and beyond. It appears with the increases in revenues and transactions that investors and lenders are now becoming more optimistic. $…