The struggle to persuade guests to book direct instead of through an online travel agency is ongoing, but hoteliers have a number of factors working in their favor.
As mixed-use developments become destinations for leisure and business travelers, they are likewise becoming a preferred destination for hotel investors.
Low interest rates, although climbing, continue to drive a search for yield that is drawing capital into commercial real estate—particularly hotels, according to Daniel Lesser, president and CEO of LW Hospitality Advisors.
The LW Hospitality Advisors (LWHA) Q1 2018 Major U.S. Hotel Sales Survey includes 57 single asset sale transactions over $10 million, none of which are part of a portfolio.
As the de Blasio administration moves forward with its proposal to limit hotel development in large swaths of the city, the main trade group representing hotel owners – whose members have conflicting attitudes toward the plan – is sitting the debate out.
The US lodging industry continues to enjoy the benefits of strong economic fundamentals as metrics on spending, global trade, and various manufacturing indices signal that America’s economy is poised for further growth.
Although restricting hotel development in M1 zones is not anticipated to reduce historical contributions of the sector, it is projected that over the long term, impeding new hotel development will reduce the potential economic and social benefits to NYC.
LW Hospitality Advisors has revealed the findings of a comprehensive M1 Zoning Hotel Market Analysis completed in advance of the city’s decision regarding the certification of the proposed action to limit new hotel development in M1 zoning districts.
Leading hotel industry analyst LW Hospitality Advisors has announced the findings of a comprehensive M1 Zoning Hotel Market Analysis.
This report explores the historical and prospective economic trends of the New York City hotel & tourism market and the potential unintended economic and social impacts if the proposed special permit to limit hotel development in M1 zoning districts is adopted by the New York City Department of City Planning (DCP).