Three significant lawsuits in the lodging industry were filed and will no doubt bring about different opinions from each hotel expert witness retained by lawyers on each side to assist them. Below are abstracts from the article at HotelNewsNow.com and some issues to consider on the 1st case: – In this case summary – M…
Unlike branded or franchised hotels and resorts where those standards already set it apart, hotel turnaround management to improve the quality and class of independent lodging properties often requires another approach. That approach could rely on the common standards that many leisure and business travelers consult, such as the American Automobile Association and Mobile Travel…
In part one and part two on this subject about interim hotel management, the circumstances, typical users, types of assignments and when it does and does not make sense were addressed. In this part, the importance of planning from a shorter term perspective is looked at and why it is a critical aspect at the…
Part of our services as a hotel asset manager requires us to consult different resources to effectively manage and oversee a client’s lodging property. We also like to share this information with investors and lenders, who are buying, selling or dealing with distressed hotel real estate, so they are better informed and make good decisions…
With the US and world economic systems still recovering from crisis, there is a need for hotel economist recommendations on whether to buy or sell hotel properties. Deciding whether to increase or decrease investment in the hotel and hospitality market will require more than just a general economic forecast. It is important to acquire as…
Depending on what story your hotel investment advisor follows or even writes, there may be a recovery or not. Better said, what is a problem for some are opportunities to others based on recent news reported this last week. Here are some of those summaries that seem to reflect these trends: – According to Bobby…
A hotel turnaround in a competitive and changing economic environment requires a different focus than just cutting expenses, controlling labor costs and pushing more sales activity. In today’s ever changing lodging and travel marketplace, a successful turnaround is often a result of quickly adapting to and taking advantage of price value models, customer experiences and…