Daniel H. Lesser, president & CEO of LW Hospitality Advisors announced the company's decision to appoint Evan Weiss to COO of the firm.
Before jettisoning a brand, a hotel owner needs to carefully consider why he or she wants to go independent, and whether it will pay off in the long run.
While the nation's hotel deals have slowed in the first half of this year after several years of rising sales, some markets continue to do well. California was the nation's most active market for hotel deals in Q2.
The trend suggests that the hotel business is drifting toward the kind of economics that define the airline industry.
The hotel industry is fragmented with many different parties having a function—and that is before we get to what brand the hotel operates under.
Ten to 15 years ago, a brand was almost a requirement to secure financing for a hotel development or renovation. But how important is it now?
Memorial Day, known as the gateway to summer, is fast approaching, and with it comes increased pressure on hoteliers to get their properties ready for summer travelers.
Spontaneous customers, rather than vacationing travelers, can be a big part of a hotel's success.
Hoteliers are crunching ever-increasing amounts of data when determining a property’s ideal business mix, while also closely watching the wide range of customer sales costs within that overall demand pool.
As the hotel industry learns to streamline costs and position itself to be more competitive against entities like Airbnb, many of the world's leading hotel owners have taken to combining multiple concepts under one roof in a trend known as dual-brand hotels.