Hotel Del Coronado – Coronado, CA
Myth vs. Reality – ‘Going Concern’ Hotel Valuations

In the recent past, many appraisers retained by lodging property owners in connection with tax assessment appeals have erroneously used a “going concern” premise to valuation, resulting in wide differences in hotel property value estimates between opposing appraisers.

Remember When?

The moral of this story (blog) is, do not necessarily believe everything that you hear and/or read.

Major Hotel Sales Transactions in the Third Quarter

Savvy investors who deploy capital into U.S. hotels at market pricing, and if need be, are ready, willing, and able to hold for ten years, will invariably achieve superior risk adjusted returns when compared with other asset classes.

Net Supply Growth Matters

Within the commercial real estate world, the term “net absorption rate” is a riveting metric for debt and equity investors as well as property and asset managers. However, in the lodging industry, it is not a term that is widely considered.

On the Horizon: More Transactions or Rescue Capital?

After a rapid rebound in U.S. economic growth during Q2 2021, news of the fast-spreading Delta coronavirus variant over the past several weeks has created a cloudier outlook. Today, there are two perspectives from which to dissect the near-term future, namely glass half empty or glass half full.

Hotel Receivership – an Alternative to Foreclosure?

Successful hotel receivers are proficient in operating lodging businesses, preserving value and protecting assets that are subject(s) of a legal dispute and provide transparency in situations where the parties are not able to entirely trust each other.

Q2 2021 Major U.S. Hotel Sales Survey

The U.S. Lodging Industry has shifted dramatically over the past twelve months. Looking back to this time last year, the world was fiercely battling the Coronavirus pandemic, virtually weaponless without anything other than masks and social distancing measures.

Where Hotel Sales Are In Q2

Demand drivers are anticipated to change during the second half of this year as post Labor Day corporate travel should increase, and with schools reopening leisure travel will slow down.

What Factors are Behind $1 Million/Key Deals?

During the first half of 2021, there have been four single asset hotel sales in the United States recorded with a per room transaction amount greater than US$1 million dollars, two of which were for more than US$2 million per key.

COVID-Informed Analysis of the New York City Market

Historically, New York City (NYC) has enjoyed a strong and diverse volume of demand from the corporate, group and leisure sectors, which has driven its realization of the highest occupancy, average daily rate (ADR) and RevPAR levels within the United States.

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