In the age of hotel brand proliferation, new brands sprout almost weekly. This dizzying array of choices doesn’t the make the decision about which flag to fly on a property any easier for hotel developers.
Hotels and other commercial properties are more than just the physical brick-and-mortar building and entrepreneurs making their first foray into the hotel or commercial property real estate industry may not necessarily know what they are getting themselves into.
GlobalHotelNetwork.com asked its Advisory Network "where do you see the best opportunities for hotel investment or development?"
In a rapidly changing world, particularly with respect to digital technological advances, the lodging sector has often been reactive.
Despite GDP indicative of a slowing economy during Q4 2019, the U.S. economic expansion which commenced in June 2009, is soon approaching the longest post-World War II expansion with uninterrupted growth.
While the longer economic growth endures, intuitively the risk of recession rises.
While the longer economic growth endures, intuitively the risk of recession rises. Despite GDP indicative of a slowing economy during Q4 2019, the U.S. economic expansion which commenced in June 2009, is soon approaching the longest post-World War II expansion with uninterrupted growth.
Although the hotel industry has been operating at peak levels for several years, accelerated supply growth, which has been readily absorbed in most markets due to the expanding economy, has contributed to weaker than normal average room rate growth.
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.