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…
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…
More reports by hotel consultants, management executives and real estate brokers suggest that the lodging and hospitality industry is continuing to improve and more rapidly in some U.S. cities. For example, San Francisco is at the top of the list in rebounding since the recession began in 2007 according to one news story. In a…
In part one and part two on this subject about interim hotel management, the circumstances, typical users, types of assignments and when it does and does not make sense were addressed. In this part, the importance of planning from a shorter term perspective is looked at and why it is a critical aspect at the…
If you are looking to buy a hotel, the lack of financing for lodging properties is starting to diminish at least with one major bank. Wells Fargo recently announced loan financing options available to hotel owners and investors. It has already closed some loan deals as well. So what is the catch and will you…
In the prior blog on this subject, the use of interim hotel management addressed the circumstances and typical users and types of assignments. In this part, situations are discussed where short term and temporary management can be more a liability than a solution. Several examples include: Interim Hotel Managementa) A hotel foreclosure by a Bank…
We routinely read and share articles from our hotel motel consultant peers that clients and colleagues find of interest. This week the talk is about the continuing rise in U.S. hotel operating performance in the first two quarters of 2011 and turning distress into success. Here are excerpts from that commentary and some of our…
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…
The use of interim hotel management requires more focused attention and shorter term results that if a permanent manager is being engaged. It also depends on how temporary the needs are and if this is the better solution than permanent longer term management. This is due to in large part to who the users are…
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…