Potential Motel Acquisition and Boutique Hotel Conversion. Considering the purchase of a 44-unit motel, with plans to subdivide a portion for commercial use and renovate the remaining units into a boutique hotel.
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How to Buy A Hotel in 2024 | Omari Head | The Hotel Insider This one is for all the current and future hotel owners for 2024. In this episode Omari Head the Director at Paramount Lodging Advisors is going to tell us what we need to know about buying a hotel in 2024. Including what to look out for in this current market, should you buy a hotel in a smaller town, hotel property taxes, and what to do when your numbers on a deal doesn't add up. No ones know hotel real estate like the HipHop hotel broker when it comes to hotel ownership! Full video in the comments #hotelbusiness #hotelindustry #commercialrealestate
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Selling a hotel, motel, or resort property involves several special considerations that can shift based on all kinds of factors like location, time of year, and the specific property itself. https://lnkd.in/gMXFWVwJ #hotelrealestate #hotelsandresorts #motel #commercialrealestate #CarveRealEstate
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Projected ADR (average daily rate) is a key competent hoteliers look at when considering viability of a project. Mike is competing with the Seminole Hard Rock Hotel & Casino. However, for Mike he does not see it that way. His hotel services a different clientele that are more price conscience and still want to enjoy the amenities of the nearby attractions. #HotelViability #AverageDailyRate #CompetitiveAnalysis #ClienteleDifferentiation #PriceConsciousCustomers #Amenities #Attractions #HospitalityIndustry #MarketSegmentation
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Where’s the New York City Hotel Market? Apparently showing ongoing signs of recovery… 1 Hotel Central Park sold yesterday for just above $1 million per key. According to New York City sales records from 2023 and 2024, upper-end hotels (Mondrian, The William Vale, and 1 Hotel Central Park) are trading between $800K and $1 million per room. Mid-market properties (like Hampton Inn, Hilton Garden Inn, and Doubletree) ranged from $400K to $600K per room. Distressed sales (the Roger Smith, Row NYC) were around $200K per key. Is the landscape shifting? What are your thoughts? #NewYork #Hotel #Hospitality #RealEstate #PrivateEquity
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This one represents what can happen when you create a collaboration between GC & sub-contractor, followed by architect & owner. GATE Precast Company + Skyline Windows worked for weeks collaborating to create a system that met STC goals required by Rabun Architects & Chartwell Hospitality and met design intent & exceeded expectations. This colllaboration reduced the OPS by 2 months & saved the project over $500K in material/installation costs alone without considering savings in the schedule. #TEAMWORK.
Have you checked out the gorgeous Hilton BNA Nashville Airport Terminal hotel!? This on-site hotel is a historic addition that marked the cornerstone of BNA Vision. Located steps from the terminal and connected via our Pedestrian Bridge, this new hotel elevates the passenger journey with first-class amenities, including an expansive rooftop with unmatched views of our runways. We were thrilled to celebrate its opening this Spring with a ribbon-cutting event and grand opening party!
Hilton BNA
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"Sale of Miami Airport Hotel for $16.2M" Read the full article below..
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There will be a significant reduction in the number of hotel rooms on the #LasVegasStrip this year. However, an impact on hotel performance isn't expected. Big swings in hotel additions and closures/demolitions are not uncommon in this destination. Thank you, Michael Petrivelli, for including insights on the impact of the closures on retail. #hotelpipeline #hotelconstruction #LasVegas
Las Vegas To Be Stripped of More Than 4,600 Hotel Rooms in 2024
costar.com
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I'm really passionate about the topic of bringing the true essence of HOSTING back to hospitality. In my opinion, we have gotten carried away with modernity and it's time to bring balance to the way we create hotel experiences. 📽 on stage at The Boutique Hotel Investment Conference by BLLA - Boutique Lifestyle Lodging Association #boutiquehotelinvestment #hoteliers #hotelinvestment #commercialrealestate #hoteltechnology #hospitalitytechnology
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The best thing about working with pre-opening properties is that we can provide a blueprint on practical strategies in revenue management, online marketing and distribution. It's easy to get lost in the complexity of the hospitality ecosystem, so our job is to make sure they don't fall into common hotel management traps. It's a plus when the owner is very hands on and understands what's best for their property. Check out this new property in Cauayan Isabela. Book direct on their website below. #hotel #hospitality #hoteltech #revenuemanagement
Gonzales Hotel | Luxury Meets Affordability in Cauayan City
gonzaleshotelcauayan.com
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Nesuto Hotels, a hotel and apartment operator in Australia and New Zealand, temporarily uninstalled G3 RMS to save costs but found it led to more work and didn't improve their rates. They then reinstalled IDeaS Revenue Solutions' G3 RMS and saw significant improvements in market share, rate growth, and efficiency. “In the space of three months, we saw the average rate increase 30% which is similar to that of a 4 ½ star hotel. […] With G3 RMS, you can just sit back and enjoy all of the money coming in.” Check out the full case study. 👇 #RevenueManagement #HotelManagement #Hospitality
Nesuto Hotels’ Revenue Surges with IDeaS G3 RMS | IDeaS
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