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Hotel Del Coronado – Coronado, CA
B&Bs on Cape Cod; Is the Current Operating Model Sustainable?

Overall, Cape Cod will continue to offer many of the features sought by guests to bed and breakfast inns, and innkeepers will continue to provide these guests with an alternative lodging experience. However, with increased competition from private home rentals, innkeepers will need to be creative in order to maintain overall RevPAR and profitability levels.

How Hotels are Faring in Transformative Times

Despite the plethora of bad news there are also several reasons for optimism.

Downturn Lesson Number One: Risk

Downturn lesson number one is that lodging sector sponsors should, if necessary, be ready, willing and able to have the wherewithal to invest for the long term, as anything less is akin to playing with fire.

Post-Pandemic Hotel Property Tax Burdens

Hotel owners who perceive the pandemic will automatically result in a decline to property tax burdens need to think twice.

Hotel Hygiene and Safety Remain a Challenge

Although the lodging industry has traditionally committed to cleanliness and safety, the fact is that sanitary issues at many types of lodging facilities have been a challenge for a long time.

Evidence of COVID’s Impact on U.S. Hotel Values

The onset of the COVID-19 pandemic earlier this year has for the most part resulted in a reset in lodging property values.

How Hotel Sales Performed in Q3

Long term opportunistic investors that bet big, at the right basis, and early in the cycle will likely reap tremendous financial rewards.

Virtual Meetings Won’t Cause the Demise of Travel

COVID-19 will eventually pass to the point when we can once again meet in person. While virtual connectivity will continue to be a widely used tool for many, the notion of technology resulting in the demise of travel to meet in person currently remains farfetched.

Business Enterprise Approach Theory is Unsubstantiated

The manufactured terminology and theory of BEA/TAB is a foreign concept to well-informed market participants within the lodging real estate investment arena.

The Principle of Change and ‘Highest and Best Use’

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.

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