Hotel asset management and owners representative executives with multiple hotel properties will need to scramble to meet the approaching deadline for ADA pool regulations by March 15 of this year if their properties are not already in compliance. Many lodging industry groups such as the American Hotel & Lodging Association (AH&LA) have been trying to get…
It is not surprising from a hotel expert perspective when you consider the rise in females travelling that women only floors are becoming popular both nationally and internationally. Although many hotels make it a point to cater to women’s requests, such as being located near elevators and providing certain in-room amenities, it does not go…
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…
If you are a hotel development consultant looking for money to finance needed renovations or expansion of an existing lodging property, keep searching. The amount of lenders going into the New Year that will consider any type of financing, such as bridge loans for the short term, is on par with this year as it…
Our hotel expert recap of lodging and travel industry news this week suggests that consumers want more in terms of hotel amenities. They also expect to travel more in 2012 and this bodes well for those hotels to attract them with more value. At the top of their wish list are “Free Wi-Fi and Breakfast!”…
As the lodging industry starts to stabilize, hotel and motel management companies will face tougher performance measures if the properties they manage lose the franchise. Owners of older hotels and motels that have not kept their up property with a PIP (Property Improvement Plan) can expect less leniency and more aggressive contract terminations as a…
With the rebound in ADR and occupancy underway in many USA lodging markets, a hotel asset manager is quickly turning their eyes to renovations that have been put on hold. Two new innovations on in-room design and equipment caught our attention in these articles at Hospitality World Network and Hotel Interactive. Here are excerpts and…