Whether you are operating a spiffy urban high energy dance operation or a small suburban entertainment and sports bar, a key component to your nightclub business plan success is including a consistent and constantly updated activities calendar. Like the music recording business where the top songs of many music artists only stay popular for a…
There has been a large number of lawsuits in the food and beverage and related entertainment aspects of the industry, which contributes to higher premises and liability insurance costs in our experience as a bar and nightclub expert. This has also limited availability of certain carriers who insure what is perceived as much higher risk…
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…
Several articles appeared recently in STR (Smith Travel Research) publications that we follow as part of our hospitality consulting services advising clients that suggest the hotel industry is showing more signs of improvement this fall and in the coming year. Some of the noteworthy commentary includes: Earnings Reports- In year-over-year measurements, the USA hotel industry’s…
Two news stories that we followed as part of our hospitality asset manager practice suggest hotel room rates will continue to rise even though gas and fuel prices are climbing as well. Here are a few excerpts on that commentary and our take on it: – The GBTA index says that business travel hit its…
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…
In conjunction with Amazon.com, we have added a bookstore page to our web site as an added resource to hotel advisors, restaurant and nightclub owners and investors. Several choices include publications we have consulted over the years as well as those that may be helpful if you are starting up, investing in or providing advice…
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…
There is a lot of talk among investors and their hotel asset manager that acquisitions in distressed real estate of the U.S. hotel sector will rise this year. Still, the focus continues to be on the luxury, trophy class of hotels in primary markets when and where these become available. Hotel High Net Worth InvestorAccording…