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.'
A lack of meaningful home-sharing standards and inconsistent experiences results in daunting challenges to manage guest expectations.
Acknowledgments: Special thanks to LW Hospitality Advisors.
The development and ultimate presence of HQ2 will spur a vibrant hotel submarket, resulting in the refurbishment of existing surrounding hotel stock and the development of new lodging products.
The lodging sector needs to continue to push back on OTAs by investing in technology that creates seamless, friction-free booking of travel experiences.
Signs indicate rate and RevPAR growth won’t be as strong as in past years, so hoteliers need to consider different ways to cut costs and push profits.
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.
While applying a direct cap rate to a prospective hotel investment may be useful for back of the envelope calculations, beware of the limitations produced by this approach.
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?