Recent wisdom in the distressed hotel real estate asset sector suggests that there are a dearth of court appointed hotel receivers taking over a large number of hotels in default on behalf of lenders and special servicers throughout California. According to recent reports, the number of hotels in default or foreclosure throughout the Golden State…
In the last four to five years, mainstream news and especially trade journals that a hotel asset manager often follows, talk about bed bug incidents on a regular basis. Just published yesterday, there was an article in Hotel Interactive how these little pests will bug your business. Bed MattressesThe American Hotel and Lodging Association and…
Recent statistics this month that we reviewed as part of our hotel expert analysis for clients suggest the turnaround in the lodging industry continues although cautiously by many accounts. Two recent reports by hotel analyst firm PKF and major hotel chain Starwood highlight certain aspects of the recovery. According to this month’s Hospitality Market Update…
The news recap from hotel advisor and global travel group points to a negative impact on business travel to the United States as a result of the European Debt Crisis. This story is a result of a research study done by the Global Business Travel Association Foundation (GBTA). In contrast to that report, luxury hotels…
Several articles published recently highlight the movement of distressed hotel real estate and what could accelerate hospitality sector investment according to Perry Group’s Hotel Asset Manager and Hospitality Asset Management specialist. This is being defined by major potential sources of hotel acquisitions and dispositions including Real Estate Investment Trusts (REITs), Banks non-performing loans and hotel…
Current hotel expert updates for the state of the lodging industry bodes well for owners, operators and investors of hotel properties so far this year. Several news reports in the various hotel publications we follow suggest better times have begun. However, there still appears to be caution and pessimism as to whether the economic recovery…
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…
There are more signs this week that big money and hotel investment activity is picking up and will begin to add to more reductions of distressed hotel real estate inventories going into late 2010, according to Perry Group’s Hotel Asset Manager and Hospitality Asset Management specialist. After going dark for most of 2009, hotel sector…
The current wisdom among hospitality experts suggests that the 3 RRRs (recovery, rates and refurbishing) will dominate lodging industry concerns and its focus in the near term. However, at the core of the last of the 3 RRRs will be the need for a higher return on investment on PIPs (property improvement plans). Otherwise, we…
Industry predictions from national hotel analysts PKF Consulting and Smith Travel Research for REVPar (Revenue per Available Room) to rebound are based on increased demand and room occupancies starting in the 2nd and 3rd quarters of 2010. However, hotel workout services are expected to continue as defaults in CMBS backed mortgages are rising significantly and…