The transaction market is expected to be brisk in the first half of the year. Where are the opportunities, what types of hotels are going to be changing hands, what will the bid/ask price look like and is now the time to hold or sell?
The lodging sector continues to introduce an endless array of categories and choices resulting in overwhelming consumer bewilderment, and the simple fact is there are too many hotel brands.
As we all try to plan and learn about 2021, Sam-Erik Ruttmann and Abid Butt are delighted to organize a discussion around “Plausible Predictions – 2021” featuring Daniel Lesser – President & CEO, LW Hospitality Advisors.
This episode of the Lodging Leaders podcast explores the state of hotel values and what may lie ahead for sellers and opportunistic investors.
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.
Despite the plethora of bad news there are also several reasons for optimism.
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.
Hotel owners who perceive the pandemic will automatically result in a decline to property tax burdens need to think twice.
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.