As the weeks move on, occupancy continues to be negative as it has for most of the year. Recent numbers show a decline of 1.5%, and revenue per available room continues well below the levels projected
While revenue per available room exceeded what I predicted in 2012, it was primarily because some of what lies ahead is slower to arrive than I had thought. The bubble is growing, and unless Washington—and especially President Obama—act to reduce entitlements and overall spending and accomplishes true tax reform, the result of the bursting bubble someday will be very ugly.
A potential fire sale by the United States government could be a boon for hotel developers looking for adaptive reuse projects. The Real Estate Channel on Wednesday reported the proposed 2012 federal budget from President Obama includes cuts that could result in the largest real-estate sale in U.S.
The dramatic decline in United States hotel operating metrics and asset values during the Great Recession were much more severe than the downturns that took place during the Gulf War nearly 20 years ago and then immediately following 9/11.
With the flurry of deals occurring in many of the major markets, there is always a question of performance versus price. Looking at the deals that have occurred during the past several months, the current price of assets, particularly those in primary urban locations, appears to be relatively strong, not only in comparison to the perceived value in 2009, but even to so-called inflated values exhibited at the market peak.
The way company president Mike Deitemeyer sees it, the financial crisis during the past few years might actually benefit Omni Hotels & Resorts in the long run. As a long-term holder of real estate th.
Things I heard during breakout sessions, networking events and late-night cocktail conversations held in conjunction with last week’s 22nd annual Hunter Hotel Investment Conference in Atlanta. Bucks for Bunkers | The Hunter Conference drew about 750 attendees and the attendees are everyday people.
HEI Hotels & Resorts is sitting on a pile of cash and is waiting to strategically place it as an economic recovery looms. Steve Mendell, the Norwalk, Connecticut-based company’s newly appointed presi.
As the usual zingers and barbs flew through the air during Wednesday’s traditional Industry Real Es.
As we get ready for another ALIS conference, here are some interesting trends to watch for in the hallways and on the panels: 1.Attendance: The number of people sitting in the opening session is always a good indicator of how the industry feels about itself.