Check out market updates
And a Free Online Calculator to Check Current Rates and Compare Savings. The hotel financing market is changing. The Federal Reserve has increased prime interest rates twice so far in 2018 and has proposed two possible hikes later this year. Here are a few questions to see if refinancing is a good option for your…
Steady Growth and Changing Market Dynamics for the Hotel Industry In reviewing the hotel market data, I am reminded of the 1967 hit Sonny & Cher song, “The Beat Goes On”. The song entered the Billboard Hot 100 chart on January 14, 1967, peaking at number 6. I think the song’s message is basically, even…
2017 Cap Rates, Interest Rates, and New Supply and Thier Impacts Some may be casting doubt on the hotel transactions market for 2017, but there are many reasons to be optimistic. For now, conditions remain favorable for sellers. Hotel sales volume may have been down in 2016, but hotel sales were actually strong in 2016 with…
Maybe hotels can also create a greater harmony and a little taste of enlightenment in the weary world of a modern traveler. In “ENLIGHTENED REAL ESTATE: Transforming ourselves and the world around us”, by Barry B. Scherr, with a special section by noted Vastu architect, Jonathan Lipman, AIA, the author makes the case that despite acceleration of…
Brillata is an innovative solution for hotel supervisors, housekeeping and maintenance staff. Hoteliers are embracing technologies in all aspects of hotel operations. However, most hoteliers must prioritize which technologies to adopt to maximize efficiency within their budget. In my view, new hotel software should pay for itself; either in reduced expenses and increased top line…
Occasionally a hotel owner will say to me that they rarely even look at the STR, (STR, ie, Smith Travel Research) report which shows ADR, Occupancy, and RevPAR data for the last week to 4 weeks, and the monthly report which goes back for 12 months at least. Also useful are the franchise ranking report,…