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…
The revenue pricing cycle is changing in favor of hotels and many a hotel expert and their management peers are suggesting that now is the time to push higher transient room rates. All indications in the hospitality sector point to a stronger travel season this year and next. This is especially true on the domestic…
In the recent October 2010 Lender News published by Atlas Hospitality, the delinquency of Commercial Mortgage Backed Securities (CMBS) loans rose again in August. Hotels are hurt the worst with the highest delinquency at 15.5%. However, it has not triggered any increased use of a court receiver and hotel receivership as an alternative remedy to…
On the minds of many a hotel expert, investor and management company going forward into next year is uncertainty in lodging industry performance. The so-called “fiscal cliff” has many developers, buyers and lending firms waiting on the sidelines while they look for a clear direction about the current economy before making decisions on where and when…
In Part 1 of this blog topic, I talked briefly about the the cost of hotel receivership services related to a rents and profits action and a court appointed hotel receiver and interim hotel management. Where there is a judgement to collect, such as an outstanding balance owed on sales taxes or a defaulted second…
There were three important articles recently that suggest the long awaited distressed hotel deals for investors and their hotel investment advisors may or may not begin to increase in 2011 going forward based on your interpretation of the message. However, an important inference amongst all are that a large amount of distressed commercial real estate…
The commentary by experts on hospitality industry hotel real estate values was that transaction numbers fell in the third quarter.There is also a review on boutique hotel valuations that brought more light on acquisition and disposition price points for this growing sector of the lodging business. In terms of general hotel values and transactions, LW…
Given that many California hotels are teetering on the brink of foreclosure, the Bay Area Chapter of the California Receivers Forum hosted its July 15, 2010 luncheon program on “Hotel Receiverships – Unique Issues for these Special Assets” at The City Club in the San Francisco Financial District. More than 60 persons heard the speaker…
If you are a hotel real estate investor or hotel asset manager, there is more positive news on the horizon for hotels both in room rate growth and higher investment activity going into 2011 and beyond. It appears with the increases in revenues and transactions that investors and lenders are now becoming more optimistic. $…
Stories that we follow as part of our hospitality consulting practice discussed increased renovations coming and current low hotel cap rates. It was bound to end sooner than later with franchisors becoming less forgiving on upgrades and brand standards now that the economy is recovering. On a positive note, if an owner is forced to…