Join Mike McGinley of Live Oak Bank along with Evan Weiss and Daniel Lesser of LW Hospitality Advisors as they kick off the Hotel Industry Insights Webinar Series and cover all things appraisals.
Much has been written about brand proliferation in the hotel industry over the last several years, but the explosive increase of hotel brands in recent years has reached an astounding level. This staggering trend of exponential growth appears to have no end in sight.
Last year was a record-breaking one for the United States hotel industry in terms of key performance metrics as well as supply and demand.
The hotel industry’s knight in shining armor isn’t generating the massive profit surplus operators were expecting.
With the rise of services like Airbnb that feature vacation homes rented by owners, travelers have more varied lodging options than ever before. This industry development has had a measurable effect on the profitability of hotels.
Hotel transactions in the United States continue to boom thanks to a steady economy and favorable outcomes from tax-law changes.
Buoyed in part by a strong stock market, the 400 wealthiest Americans delivered yet another record-breaking year.
New York hotel occupancy rates and revenue per available room are ticking upward, indicating there are good days ahead for the city's densely supplied hotel sector.
American Realty Capital New York City REIT, Inc. ("NYCR"), a public non-listed REIT which owns a $754 million portfolio of office and retail condominium buildings in New York City, announced today that it has entered into five new leases totaling approximately 33,427 square feet at 9 Times Square (200 West 41st Street) in Manhattan.
The pace of hotel deals is up in 2018, and independent hotels are finding their place on the pie chart.