Andrew Hartley

Senior Consultant for CBRE Hotels’ Consulting, based the New York, Northeast practice

Andrew HartleyWith more than seven years of professional experience in the hospitality industry, he has provided market and financial services for all types of real estate projects. Mr. Hartley’s areas of specialization include market and financial feasibility analysis for dozens of hotel and conference center projects, non-branded boutique hotel projects, specialized expertise with oil and gas-related hotel projects and luxury hotel projects. Clients include private hotel owners and developers, all major sources of debt financing, all major hotel companies, and numerous municipalities and public agencies. He has assisted clients on assignments throughout the South Central Region of the U.S., including all of Texas, Louisiana and the southern Midwest. Mr. Hartley holds a Bachelor of Fine Arts degree from Oklahoma State University in Theatre with an emphasis on performance. For five years he lived and worked in New York as a professional actor. Mr. Hartley holds a Masters of Hospitality Management degree from the University of Houston Conrad Hilton College of Hotel and Restaurant Management with an emphasis in Finance and Development. Prior to joining CBRE Hotels’ Consulting, Mr. Hartley was a consultant with PKF Consulting USA, which was acquired by CBRE in 2014. Additionally, Mr. Hartley was an assistant manager/trainer for the Hilton University of Houston. He was in charge of training students the operations and service techniques needed to run a full-service hotel with an emphasis on food and beverage.

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Insights by Andrew Hartley (1)

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".