Development Opinion Articles - Hospitality Net

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Opinion Article

January 31, 2022

Economic Recovery Creating Attractive Environment For Mergers & Acquisitions?

As the economic recovery continues following the depths of the COVID-19 pandemic, the current market is making mergers and acquisitions (M&As) more and more attractive to hotel industry players. While a concentrated movement of merger and acquisition activity has been lacking thus far in the cycle, the large availability of private equity, low interest rates, the return of CMBS, and favorable liquidity in the debt market are enticing. However, compared to past “headlines” and brand-related M&A activity, such as the Marriott and Starwood Hotels & Resorts $13-billion deal in 2016, it appears that the effects of the pandemic have spurred more interest from hotel management and ownership-related companies.

By Chelsey Leffet, Managing Director, Northeast Leader, HVS

Opinion Article

January 31, 2022

ALIS 2022 Takeaways – Our Industry Braces for a Big Year Ahead

ALIS kicked off the 2022 hospitality industry convention season this week with heightened optimism for the sector. Several factors are converging this year that are setting the stage for what may be a year of record-breaking transaction activity.

By Rodney Clough, President - HVS Americas, Denver, HVS

Opinion Article

January 19, 2022

Q4 2021 Major U.S. Hotel Sales Survey

During 2021, vaccines and booster shots paved the way for a brief return to some semblance of normalcy, however as we enter 2022 the nearly two-year global health crisis is not over. Since the end of November, the Omicron variant of COVID-19 has surged, bringing record high daily counts of infection resulting in many companies further delaying their longawaited return-to-office. Staffing shortages and the global supply chain challenges continue to wreak havoc on businesses and Omicron has the potential to further disrupt travel including the airline, hotel, and group meeting and convention industries.

By Daniel Lesser, President & CEO, LW Hospitality Advisors LLC (LWHA)

Opinion Article

December 27, 2021

When You’ve Got It All in Las Vegas

Las Vegas is truly the capital of the North American hospitality industry, followed next by perhaps New York City and Orlando (or all Southern Florida). With massive infrastructure investments, these modern, cruise-ships-on-land offer everything a guest could want under a single roof. As such, these thousand-room properties deserve special focus as a litmus test for the industry as a whole.

By Larry Mogelonsky and Adam Mogelonsky

Opinion Article

December 17, 2021

How can capital gains deferral and reinvestment in boutique or traditional hotels be efficiently reconciled in France?

The recent Covid crisis has highlighted the resilience of the hotel sector in France. An investment in a hotel (as in a boutique hotel) should also be regarded by investors as a “pleasure asset”. When benefiting from the French favourable tax reinvestment regime, what should investors be looking at if they wish to make the switch to hospitality?

By Christopher Boinet and Anne Epinat

Opinion Article

November 12, 2021

HVS NYU Investment Conference Takeaways

The NYU Investment Conference arrived five months late this year, but it was worth the wait. The event attracted over 1,000 registered participants eager to hear from a stellar lineup of the global industry’s top leaders and influencers, and it kicked off in a bustling Times Square on the same day U.S. airports reopened to fully vaccinated international travelers. The Marriott Marquis did an expert job of handling the event, including top-notch service, food, beverages, and cleanliness. The attendees, all required to be fully vaccinated, were treated to a fantastic program arranged by Dorothy Jennings and her planning committee.

By Rodney Clough, President - HVS Americas, Denver, HVS

Opinion Article

November 3, 2021

A time for heroes: why now is the moment for hospitality asset managers to step into the spotlight

Jonathan Humphries is a hospitality consultant and also heads the International Hotel Development and Finance Bachelor’s degree specialization at Glion Institute of Higher Education. He argues that in a fragmented, post-Covid commercial landscape the hotels which thrive will do so through constant reinvention and total flexibility in their approach to market. And who sits at the center of delivering this ‘agile state’? The asset manager.

By Jonathan Humphries, Head of International Hotel Development and Asset Management Specialization, Glion

The next-gen metrics that move hotel P&L

Hotel tech has changed what's possible – and measurable. RevPAR and ADR aren't enough; discover the metrics that really matter.

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Opinion Article

November 2, 2021

A Year in Review: Opening a Hotel During a Pandemic

The Covid pandemic has impacted the world in every conceivable way and when things return to “normal” one day, cultural behaviors and norms may never be quite what they were. One of the most significant changes has been the shift to an increasingly remote and tech-driven lifestyle with limited human interaction. No industry felt this more deeply than the hospitality industry whose benchmark for quality service is often directly tied to human connection. Hotels were forced to adjust to meet guests' comfort levels - from cleaning protocols to digital check-ins, shutting F&B venues and more.

By Victor Caguindagan, General Manager of LOTTE HOTEL SEATTLE, LOTTE Hotels & Resorts

Seattle, Washington, United States

Opinion Article

October 27, 2021

The Investment Life Cycle of a Hotel

In light of the coronavirus (COVID-19) pandemic and the effect it has had on lending and new development in the hospitality industry, it may be beneficial to review the basics and walk through the investment life cycle of a hospitality asset. This guide is intended to be a helpful reference for a seasoned hospitality professional, a student looking to break into the industry, and anyone in between. Furthermore, HVS has leading experts for each stage of the process, ready to help you with any of your hotel investment needs from conception to disposition.

By Michael Farbman, Project Manager, HVS Boston, HVS

Opinion Article

October 15, 2021

Major Hotel Sales Transactions in the Third Quarter

The U.S. economy is expected to grow roughly six percent for the year, however with one quarter to go in 2021, this year has done its best to be as tumultuous and volatile as the last. It feels like we’ve been on this road for a while, with the same kinds of bumps to navigate including COVID, deepening supply chain issues, higher energy prices, a recent cutback in consumer spending, and the scarcity of materials. What everyone had hoped would be a more normalized environment has turned out to be anything but that.

By Daniel Lesser, President & CEO, LW Hospitality Advisors LLC (LWHA)

Opinion Article

September 17, 2021

Low-Touch Hotels are Here to Stay

At the start of the pandemic, I implemented, when considered in retrospect, was an uncharacteristic experiment. For an entire day, I tried not to touch anything in a public space. After a few hours of what seemed like a long game of playground tag, I realised that it was impossible to shun much of our physical contact outside the home effectively.

By Ross Beardsell, JLL Executive Vice President, Advisory & Asset Management Australasia, JLL

Opinion Article

September 13, 2021

The Herald of a Las Vegas Renaissance with Resorts World

There are big hotel projects and then there are even bigger projects. Resorts World Las Vegas tops even that threshold. Just imagine a project covering 88 acres, over 3,000 guestrooms, three separate hotel marques (Hilton, Conrad and Crockfords), five pool experiences, a massive spa, 40 restaurants and bars and gaming, with a total investment of over $4.3 billion. And, for good measure, add in constructing this through the COVID pandemic!

By Larry Mogelonsky and Adam Mogelonsky

Opinion Article

July 19, 2021

A Hotel Owner’s Guide to Building Maintenance

Hotel asset value is determined using multiple calculations, math problems, and sometimes magic tricks, but there are three critically important aspects of the physical plant that can make or break a hotel investment. As an owner or asset manager, keep these three areas on your property checklist, and follow up with a hotel engineering team regularly. Ignore these at your peril!

By Marc Fleischer, Consultant, Strategic Solution Partners

Opinion Article

July 14, 2021

Q2 2021 Major U.S. Hotel Sales Survey

The U.S. Lodging Industry has shifted dramatically over the past twelve months. Looking back to this time last year, the world was fiercely battling the Coronavirus pandemic, virtually weaponless without anything other than masks and social distancing measures. We are now roughly six months into the global vaccination campaign, with cases and death rates much lower in most parts of the world.

By Daniel Lesser, President & CEO, LW Hospitality Advisors LLC (LWHA)

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Opinion Article

July 6, 2021

Key Trends To Consider When Investing In Swiss Ski Resorts

The Swiss Alps have always been a popular tourist destination, with demand for reservations at ski resorts, restaurants, and other hospitality-oriented businesses in the mountains seeing a sharp increase in recent seasons.

By Pierre Verbeke

Opinion Article

June 29, 2021

HVS Webinar Recap: Hotel Franchising - Why Is A Hotel Franchise Worth Having?

The scene was set for the webinar and subsequent discussion by Chris Sheppardson, Founder of EP Business in Hospitality, who expanded on the current feeling towards franchising in the market.

By Russell Kett, Chairman at HVS - London Office, HVS

Opinion Article

June 25, 2021

Impact Of Gallagher Amendment Repeal On Property Taxes For Colorado Hotels/Motels

Local government authorities use property tax revenues to fund services including police and fire protection, hospitals, transportation, and schools for municipalities. For tax purposes, property is considered residential or nonresidential, with nonresidential property constituting commercial businesses, farms, ranches, and oil/gas operations. In 1982, the Gallagher Amendment was implemented in Colorado to hold the proportion of taxable value derived from residential property at approximately 45%.

By Bethany Cronk, Senior Vice President at HVS Denver, HVS

Colorado, United States

Opinion Article

June 15, 2021

The AP Hotel Operator Guide (HOG) Asia-Pacific

The Hotel Operator Guide highlights insights on existing and pipeline supply’s management structures, geographic distribution, as well as, room supply growth by operator and brand. The purpose of this publication is to serve owners and investors an unique reference about the growth and scale of international operators across regions and brands.

By Daniel Voellm and Eunice Wong

Opinion Article

June 3, 2021

How to Keep Hotel Expenses Down? Ask an Asset Manager.

It doesn’t sound right to talk about the “benefits” of COVID-19, but if there’s any upside to the pandemic, it’s that massive disruption to business has forced hotels to find operational efficiencies—resulting in lower costs—without damaging the guest experience.

By Rayna Katz, Writer, HotStats

Opinion Article

May 31, 2021

Is Opening A Hotel In A Swiss Ski Resort A Good Investment?

Five years ago, the future of Swiss winter ski resorts was somewhat dim, after consecutive winter seasons with little to no snow and despite a relatively stable number of tourists. There was a perception at that time that existing resorts would be required to transition into four-season resorts simply to continue to exist. That dim view became somewhat rosier, when the snows returned and top resorts saw the return of skiers in record numbers of visitors for the next three winters, climaxing in 2019.

By Pierre Verbeke