Arlington's Entertainment District neighborhood is deep rooted within the sports and entertainment industries. Six Flags Over Texas opened in 1961, followed by Six Flags Hurricane Harbor (opened as Wet 'n Wild) in 1983.
Anchoring the west end of the Dallas/Fort Worth Metroplex, Fort Worth features the old and the new. Also known as "Cowtown," the cattle industry initially spurred economic development in the city. Today, glass and steel skyscrapers share the sidewalks of Downtown with renovated historic districts, such as the Fort Worth Stockyards National Historic District and Sundance Square.
Hotel owners, consultants, managers, developers, financiers, and other stakeholders gathered at the 2016 Dallas Hotel Conference on October 20, 2016, to share thoughts on U.S. hotel industry dynamics.
Real estate lending experts at this year's conference gave insights on factors that can wreak havoc on a hotel loan, as well as ways to move a distressed property back into the black. More than half a decade has passed since the end of the last recession, and the current climate for hotel values, performance, and transactions has improved distinctly on nearly all fronts.
Every hotelier knows this is a volatile industry, swept up to great heights in economic updrafts, and plummeting sharply as these winds recede. Shifts in hotel values have also been notable over the past several years, and the notion of volatility is actually fundamental to how professional hotel appraisers approach an assignment.