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Category Archives: Experts in Hotels and Restaurants Blog

Hotel Real Estate Advisor Panelists Discuss Funky Money for Boutiques

A hotel real estate advisor panel comprised of an owner, financial advisor, attorney and architect talked about the need for tax credits and other subsidies including adaptive reuse to get a boutique style hotel financed at the third annual Lifestyle/Boutique Hotel Development Conference. One of the major issues addressed is the mindset of lenders that…

July 26, 2015Experts in Hotels and Restaurants BlogBy G4Developer

If You Buy a Nightclub, Try These to Boost Biz or Control Wine Cost

Generating new business in an innovative way through texting is a solid idea when you buy a nightclub and want to add another marketing channel. Equally important is controlling wine pours that notoriously fluctuate more than mixed drinks and draft beer. Check out these ideas for your bar and club investment to promote sales and…

July 25, 2015Experts in Hotels and Restaurants BlogBy G4Developer

Hotel Expert Forecasts Suggest Better Year Yet More Discounts

Our hotel expert review this week focuses on the recent report that demand will rise contrasted by the expectation that more room rate discounts will prevail this year as well. Is it possible the two can occur and overall room revenues will continue to rise more than just modestly? According to Tim Hart, executive vice…

July 24, 2015Experts in Hotels and Restaurants BlogBy G4Developer

Direct Room Costs a Factor in Hotel Economist Construction Damages

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,…

July 22, 2015Experts in Hotels and Restaurants BlogBy G4Developer

Restaurant Turnaround Consultant Begs Question: Raise Prices?

There were two contrasting stories that talk about whether raising prices is a good idea especially if you are restaurant turnaround consultant. Of course, if you are charged with helping a failing restaurant regain lost market share, the first thought is to increase customers by way of lower priced promotions, specials and so on. However,…

July 20, 2015Experts in Hotels and Restaurants BlogBy G4Developer

Hotel Investment Advisors and Investors Get Conflicting News

Hotel investment advisors have their work cut out trying to follow the latest news, trends and studies on the lodging sector. Trying to advise investors to buy, hold or sell as a result of that information is challenging on any given day. Are we headed back to a recession after December 2011? Or, is it…

July 15, 2015Experts in Hotels and Restaurants BlogBy G4Developer

Interim Hospitality Management Services Must Drill into 90 Day Plan

In part three the importance of having a ninety day plan as part of interim hospitality management services was addressed, including why it is a critical aspect at the beginning of the takeover by a temporary manager or management team. However, there are certain areas that require one to hone in on and drill down…

July 7, 2015Experts in Hotels and Restaurants BlogBy G4Developer

Hotel Management Expert Take On Rising Owner Operator Lawsuits

An operator and hotel management expert may be faced with performance issues in economic downturns that can affect their relationship with the owners and investors of the lodging property. This may be a result of when it is perceived that the operator gets all of the benefit through compensation and incentives, while the financial risk…

July 5, 2015Experts in Hotels and Restaurants BlogBy G4Developer

Good Time for Hotel Asset Manager and Lender to Sell on Latest News

Recent reports suggest a hotel asset manager and lenders should take advantage of rising profit histories and sale transactions to sell distressed and underperforming hotel assets soon. It appears we are at the beginning of the cyclical nature of hotel valuations once again. Coupled with the lack of any significant new hotel development, demand for…

July 4, 2015Experts in Hotels and Restaurants BlogBy G4Developer

Hotel Real Estate Advisor Overview on Independent Mgmt Turnarounds

Going without a name brand to manage a lodging property can present both challenges and opportunities for a hotel real estate advisor and their investor objectives. Part of the challenge is the associated costs of that management agreement when a hotel turnaround is necessary. The other is whether having an independent management company will be…

July 1, 2015Experts in Hotels and Restaurants BlogBy G4Developer
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