The next six to twelve months is the time that investors and their hotel asset manager, who are planning to purchase hotel real estate, should look more seriously. Now that many hotel markets are improving and travel growth is expected along with net operating incomes at lodging properties on the rise, potential values for hotels…
A number of years ago when the rise in bedbugs in hotels began, my firm was retained as a hotel expert witness and consultant as to the issues involving housekeeping, upkeep and maintenance surrounding several lawsuits. There were also a number of other publicized cases that followed those instances at the time. The resurgence of bedbugs…
This past week there were stories that we follow as part of our hospitality consulting practice discussing room rates, ADA reservations compliance and higher airfares. The prices rises are not a surprise as much as the lack of industry awareness on these ADA issues. Here is some of that commentary and our take on it:…
Recent stories we follow as part of our hospitality consulting focused on pricing and RevPar. This is a subject on the mind of most who expect rate to be the eventual solution to a return in economic growth. Still, the overall sentiment is that room rates will not rise that quickly yet demand will. Interim…
Stories this past week that we follow as part of our hospitality consulting had a theme of money, money, money. Or, better said as the economy heats up so is the possibility of hotel lending, franchisor pips and now is the time to buy beginning to mount. This was largely the talk recently at the…