Saudi Arabia's sovereign wealth fund teams up with a variety of institutional investors to invest in what has been billed as 'the last major opportunity to buy into a hospitality carve-out.'
Acknowledgments: Special thanks to LW Hospitality Advisors.
In this wide-ranging Q&A, Lesser discusses some of the bigger current challenges on the hotel industry and how it must deal with these impacts.
What if Expedia, Priceline, and TripAdvisor had their own hotels? What if there were less need for hotel owners to rely on hotel management companies like Hilton, Marriott, Hyatt, Wyndham, Choice, or IHG?
Danziger, during a conversation with Daniel Lesser, CEO of LW Hospitality Advisors, at Bisnow's NYC Hospitality Investment and Development Summit, said he didn't have any opinion on Trump winning the election.
Totalling approximately $13.6 billion and 51,000 hotel rooms, the U.S. hotel sector in 2017 witnessed 182 single-asset deals, nine more than in 2016 and led by the $1.14 billion sale of the 2,530-room Harrah’s Las Vegas Hotel & Casino, Las Vegas, according to LW Hospitality Advisors’ 2017 Major U.S. Hotel Sales Survey.
New York City is still in the midst of an ongoing hotel supply boom that will continue until the end of the decade, but as thousands more rooms open every year, hotel owners are taking comfort in an enduring truth: Their buildings are just as full as they were before the construction wave hit.
Life looks good in the world of hotel real estate.
This is not an article about New York's hotels, per se; their glitz and glam. Rather, it's about their declining revenue-per-available-room performance, which begs the question: Why? And: Is there a solution?
It was another record year for the wealthiest people in America, as the price of admission to the country’s most exclusive club jumped nearly 18%.