Sometime before the end of this year, Amazon is scheduled to announce the winning city, which is anticipated to include over US$5 billion in construction and as many as 50,000 high-paying jobs.
The pace of hotel deals is up in 2018, and independent hotels are finding their place on the pie chart.
EquityMultiple Director of Investments Jonathan Lesser hosts Jonathan Jaeger of LW Hospitality Advisors at EquityMultiple headquarters to discuss the ins and outs of hotel real estate investing.
The LW Hospitality Advisors (LWHA) Q2 2018 Major US Hotel Sales Survey includes 44 single asset sale transactions over $10 million, none of which are part of a portfolio.
Barring any black swan event(s), the near-term outlook for lodging remains very positive. Domestic and foreign investment, and institutional capital continue to be deployed into single assets and portfolios of all types and locations of US hotels.
U.S. hotel demand may be at record highs, but that doesn’t mean residents in every part of the country are excited to see hotel projects breaking ground in their backyards.
While timeshare companies have historically focused on resort properties, over the past 20 years the demand for urban assets has increased considerably.
The hotel industry is in the midst of one of the longest up cycles in recent decades. Buoyed by a strong economy and robust demand, the fundamentals of the industry stand on solid footing.
A significant share of a hotel’s profits gets spent on labor, making it the most expensive line item in a property’s budget.
Given the unique nature of hotel operations, in reality they can never stabilize. Hotel facilities are more than bricks and mortar real estate; they are also going business concerns that house extensive amounts of furniture, fixtures and equipment, all of which are inextricably intertwined.