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Travel forecasts for the summer season are all very favorable as Americans are anxious to get away and we are all hoping for a quick recovery for the hospitality industry after the economic shutdowns last year. Some hotels in drive-to leisure markets are already having a record Spring. According to STR, “nearly half of all…
MBA Hotel Brokers Inc, announces David Joseph as the newest member to its team of experienced and dedicated hospitality real estate professionals. David Joseph is a licensed real estate broker in Florida. MBA Hotel Brokers has been listing and selling hotels nationally for 22 years. MBA Hotel Brokers already has transaction history in Florida. David…
The hotel industry has had a major shock to its system due to COVID-19 pandemic. Whether this has changed your plans to sell or hold a hotel in portfolio, you will want to know these pricing strategies. Myth # 1: The higher I price my hotel, the more money I will get for it Market conditions…
Deferred Sales Trust May Be The Answer… 4 Options When You Sell Your Hotel If you own a hotel, you have two options: hold or sell. If you sell your hotel, you have three options: pay capital gains tax, defer capital gains tax using a 1031 exchange to purchase a new hotel, or defer capital…
Current interest rates are at historic lows. Yesterday, the Federal Reserve cut the Prime rate to 4.75% and the 10-Year Treasury has been hovering around 1.7% to 1.8%. However, The Fed has indicated that it will pause any further rate cuts in the near term. Meanwhile, hotel values are strong, and hotel lenders are offering very competitive…
Everyone agrees: the hotel industry growth is slowing, but this does not mean a downturn, at least not imminently. Occupancy remains high overall, though around zero growth nationally. Average daily rate is the main driver of revenue per available room (RevPAR) growth. Nationally, demand and supply are on par, about 2% growth each. STR forecasts RevPAR growth to be…