The manufactured terminology and theory of BEA/TAB is a foreign concept to well-informed market participants within the lodging real estate investment arena.
Real property is in a constant state of flux and change, affecting individual assets, neighborhoods and cities. Economic, environmental, government and social forces affect all markets, particularly real estate. Highest and best use often is identified as the key concept supporting real estate use and value decisions.
The case involved a tax appeal of the 2015 assessment of the Disney Yacht & Beach Club Resort in Orlando, FL.
It appears that this downturn may very well produce a period that rivals the very best in both returns and depth of opportunity.
Combine “eating” with “entertainment” and you have “eatertainment.” While this concept dates to the 1970s, there has been a recent surge in such venues opening across the globe, particularly with the proportion of millennials, who seek and share experiences, surpassing the other generations in the population.
Brand extension, also known as brand stretching, is a marketing strategy in which an established brand uses its name in another product or business category.
The LWHA Q1 2020 Major U.S. Hotel Sales Survey includes 30 single asset sale transactions over $10 million, none of which are part of a portfolio. The survey data reflects hotel sale price data prior to any impact of the COVID-19 spread across the U.S.
Although the world is currently in unchartered territory, having recovered from prior economic and demand shocks, America’s hotel industry has a proven track record of resiliency.
Buyer beware: When analyzing sale transactions of hotels and other forms of commercial real estate, it is crucial to first consider what rights have been conveyed and their impact on an agreed-upon price.
Caveat emptor: Engagement of professional services is no different than most purchases of goods and other services. In life one gets what one pays for, and high quality clearly costs more than mediocrity.