Skip to content
  • (800) 580-3950
  • Request a Consultation
Top Menu
Perry GroupPerry Group
Perry Group
Hotel & Restaurant Experts For The Hospitality Industry
  • Home
  • About
    • Bios
    • Contact
  • Services
    • Hospitality Management
    • Hotel Restaurant Nightclub Consulting
    • Hospitality Dispute Solutions
  • Clients
  • Media
    • Articles
    • Presentations
    • Press
  • Investors
  • Blog
 
  • Home
  • About
    • Bios
    • Contact
  • Services
    • Hospitality Management
    • Hotel Restaurant Nightclub Consulting
    • Hospitality Dispute Solutions
  • Clients
  • Media
    • Articles
    • Presentations
    • Press
  • Investors
  • Blog

Buy a Hotel in this Economy?

March 8, 2015Experts in Hotels and Restaurants BlogBy G4Developer

Obviously Warren Buffet’s Blackstone Group and others think now is the time to buy a hotel in the USA. Although there is still a lot of distress talk amongst hotel owners and operators alike, there are also various signs pointing at the recovery, albeit a slow one, is starting to muster some momentum. Here are summaries of recent stories that reflect this sentiment: – According to an excerpt from “It’s not time to build hotels says… For owners with cash, now is the time to act. Lodging Econometrics reports hotel prices have rebounded during the past six quarters, and buyers, especially those in top markets, are paying premium prices. These primary locations are quickly becoming seller’s markets, with better deals to be found in secondary and tertiary areas. While some deals have approached 2007 levels, most properties are still available for less than peak pricing.” – As to the hotel demand and rates, STR reports this week that “Overall, the industry’s occupancy rose 6% to 60.3%, its average daily rate increased 4.8% to US$101.73, and its revenue per available room finished the week up 11.1% to US$61.31.” If you are looking to buy a hotel now, this good news is followed by the PKF report on income that “After two years of declining profits, the average U.S. hotel enjoyed a 9.8% bottom line increase in 2010, according to a recently released report, Trends in the Hotel Industry, issued by PKF Hospitality Research. The gain, however, does not make up for the 37.9% cumulative loss experienced by U.S. hotels during 2008 and 2009.” – Lastly, if you are involved in hotel asset management or a hotel real estate advisor, read the Wall Street Journal story. It talks “about Blackstone buying 45 hotel mortgages at 80 cents on the dollar from the FDIC” and considered a high price for distressed property, which we see as a further signal they see the rebound taking shape as well. Does your acquisition plan include a timeline to buy a hotel? If so, when do you see the best time to acquire lodging real estate given the above factors and state of the economic rebound?

 buy a hotel high net worth investor hotel investor opportunities hotel turnarounds sovereign wealth funddistressed hotelsHotel Asset Managerhotel investmentshotel plantroubled hotel loans
Share this post
FacebookTwitterGoogle+PinterestLinkedIn
About the author

G4Developer

Related posts
nightclub security expert
Tips from a Nightclub Security Expert on Bar Patron Safety
December 15, 2019
interim hotel manager
When You Should Use an Interim Hotel Manager
November 15, 2019
hotel interim manager
Why a Hotel Interim Manager Does Not Always Make Sense
October 15, 2019
hotel security expert
Hotel Security Expert Tips to Manage Security for Female Travelers
September 15, 2019
restaurant turnaround consultant
Choosing a Court-Appointed Receiver or Restaurant Turnaround Consultant
August 15, 2019
shutterstock_785814277
Case Studies in Using a Restaurant Receiver for Resolving Disputes
July 15, 2019
Recent News
  • nightclub security expert
    Tips from a Nightclub Security Expert on Bar Patron Safety
    December 15, 2019
  • interim hotel manager
    When You Should Use an Interim Hotel Manager
    November 15, 2019
  • hotel interim manager
    Why a Hotel Interim Manager Does Not Always Make Sense
    October 15, 2019
  • hotel security expert
    Hotel Security Expert Tips to Manage Security for Female Travelers
    September 15, 2019
  • restaurant turnaround consultant
    Choosing a Court-Appointed Receiver or Restaurant Turnaround Consultant
    August 15, 2019
  • shutterstock_785814277
    Case Studies in Using a Restaurant Receiver for Resolving Disputes
    July 15, 2019
Archives
About Us
Perry Group International is a consortium of hospitality management services and seasoned hospitality consultants with significant operations, marketing and financial experience. Our clients include both nationwide and international assignments.
Recent News
  • Tips from a Nightclub Security Expert on Bar Patron Safety
    December 15, 2019
  • When You Should Use an Interim Hotel Manager
    November 15, 2019
Press
With Industry in "Free Fall," How do Restaurants Survive the Winter?
Perry Group Forms Alliance to Provide One-Stop-Shop for Hotel Receiverships
Food&Wine - Restaurant Burglaries Are on the Rise Despite an Overall Drop in Crime
Restaurant Business - On Top of Everything, Restaurants Are Becoming Burglary Targets
San Francisco Business Times - Dine-In Restaurants Pivot Amid Pandemic to Takeout, Delivery - Even Retail
Indiana Minority Business Magazine - Keeping a locally owned restaurant alive — and thriving
Small Business Trends - The A-Z of Writing a Restaurant Business Plan
Today's Hotelier - Connecting with Young and Old
Follow Me
Tweets by HotelRestExpert
Follow Us

Request a Consultation

(800) 580-3950

dpg@perrygroup.com

San Francisco

201 Mission Street, Suite 1200
San Francisco, CA 94105
(415) 434-0135

Los Angeles

445 S. Figueroa Street, Suite 3100
Los Angeles, CA 90071
(213) 266-7691

San Diego

3111 Camino Del Rio North, Suite 400
San Diego, CA 92108
(619) 296-4278

© 2021 All rights reserved. Design by G4 Design House.
Disclaimer