Realtor ~ Founder of Central Alberta Real Estate Investor Network ~Volunteer staff at Home Church
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.
Hotel Revenue Author | 2024 Notable Leaders | Top 25 Social Media Influencers in Hospitality 2021, 2022, 2023 • Hotel Revenue Expert • Managing Partner at Hotel Guest Management
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
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
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
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
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
Working everyday with owners, designers, engineers, & contractors to build something great. Something that will create a better value for owner, architect, as well as for the construction team.
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!
"Sale of Miami Airport Hotel for $16.2M" Read the full article below..
Building the next wave of hospitality | boutique hotels | female leadership | hotel investment and development | extraordinary event production
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
According to the recent "Construction Pipeline Trend Report" by Lodging Econometrics, the hospitality sector in the United States saw significant growth in 2023. Analysts predict a further increase of 7% in 2024, with 62% of new projects focused on upscale and luxury hotels. The cities with the highest number of new hotels planned for 2024 include New York, Atlanta, Detroit, Houston, and Austin, with New York leading the way. If you are in the hospitality industry and planning to build or renovate a hotel, choose OPERA by Piva Group for high-quality windows and doors. #OPERAbyPivaGroup #Hospitality #HotelConstruction #LuxuryDesign #ItalianInnovation
Important tips for hotelier. What is ADR ? ADR is the average daily rate which indicates to the average revenue earned for an occupied room on a given day. For Example : Hotel with 200 rooms, made a revenue of 200000 Aed , the number of rooms occupied last night was 100 rooms, the ADR will be : 200000 ÷ 100 = 2000 What is RevPAR ? RevPAR represents the revenue generated per available room, whether or not they are occupied. For Example : Hotel with 200 rooms, made a revenue of 200000 , the number of rooms available is 100 rooms, the RevPAR will be : 200000 ÷ 200 = 1000 When they both meet ? ADR = RevPar ? They both meet with full occupancy when all rooms occupied. For Example : Hotel with 200 rooms, made a revenue of 100000 the number of rooms occupied is 200 rooms : ADR will be : 100000 ÷ 200 = 500 RevPar will be : 100000 ÷ 200 = 500
