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Mark VanStekelenburg

Managing Director | Practice Leader CBRE Hotels Advisory | Northeast & Midwest Divisions

Mark VanStekelenburg

Mark VanStekelenburg is a Managing Director of CBRE Hotels Advisory leading the Northeast and Midwest Divisions. Mark has previously spent 10 years in PKF Consulting’s Los Angeles office, which was acquired by CBRE in July of 2014. With over a decade of professional experience in the hospitality real estate industry, he offers expertise in strategic advisory assignments, acquisition and disposition due diligence, market and economic feasibility studies, complex asset and business valuation assignments, litigation support, and development and operational planning. Mark's engagements cover all types of income-producing asset types, including hotels, resorts, casinos, golf courses, ski resorts, condominium hotels, vacation/shared ownership projects, and mixed-use hospitality projects in markets throughout the U.S. as well Mexico, Costa Rica, the Caribbean, Africa, Europe, and Asia. Representative clients include major sources of debt financing, major public and private hotel companies, numerous municipalities and public agencies, public and private REITS, private equity firms, law firms and legal counsel, private sector hotel developers, and universities. Areas of Expertise: Economic, financial, operational, management and valuation consulting for the real estate, hospitality and related service industries.

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Insights by Mark VanStekelenburg (3)

COVID-19’s Potential Lasting Impact on Fixed vs Variable Hotel Expense Ratios

As a result of COVID-19, hotel operators have been forced to make tough decisions, including the most basic one on whether to keep the lights on. Many were required to close their doors after municipal mandates were put in place and some decided to remain open, despite record-low occupancy levels, to house pandemic-related first responders and other essential personnel related to the fallout from the spread of coronavirus, largely in place of more traditional sources of demand during "normal times".

Health Movement Leads To Growth In Hotel Spas

In 2007, CBRE introduced Trends® in the Hotel Spa Industry in response to the spa industry's rapid expansion within hotels and resorts and its relevance to hotels' bottom lines. For the second time in the history of the publication, spa revenue increased at a higher rate than rooms revenue and total operating revenue.

Hotel Spas: Not Just For Resorts Anymore

According to the December 2018 edition of CBRE's Hotel Horizons®, the annual growth in RevPAR for U.S. hotels is forecast to decelerate from 2.8 percent in 2018 to 0.1 percent in 2021. As the main source of hotel revenue is plateauing, hoteliers are looking up and down their operating statements to find alternative sources of income.
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