Development Opinion Articles - Hospitality Net

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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

Opinion Article

May 7, 2021

Three Ways To Make Your Hotel Company Attractive To Investors

As we emerge from the doldrums of the last year and watch demand trend upward, there is a great opportunity to create competitive advantages for your hotel company. Cash flow from new Investors can make or break any company's runway to a sustainable forward path, and a hospitality company that can opportunistically grow in today's unprecedented environment can leapfrog its pre-pandemic growth strategy.

By Michael Teplin, Consultant, Strategic Solution Partners

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Opinion Article

April 29, 2021

Hotel Investment Guide: How To Buy And Sell Hotel Real Estate?

It's not on the average person's to-do list to buy a hotel, or sell one, for that matter. Therefore finding trusted guidance and information on how to buy and sell hotel real estate can be difficult or outdated. Whether you're interested in this topic because you're doing research on how to go about buying a hotel property in the future, or whether you're actively buying or selling a hotel at the moment and need to answer some burning questions, or you're simply curious about the hotel real estate market and the hotel industry itself - this guide will put you on the right track.

By Catherine Rey

Opinion Article

April 22, 2021

Q1 2021 Major US Hotel Sales Survey

Upon reading his obituary in the press, the American writer Samuel Clemens, known by his pen name Mark Twain, famously remarked, "The report of my death was an exaggeration." Although there is no question that the global pandemic has adversely impacted many, the world has not ended.

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

Opinion Article

April 22, 2021

Will the lodging industry’s supply growth outpace demand growth?

The COVID-19 vaccination rate is climbing steadily in the U.S. At its current rate, three in four people, or 75% of eligible residents, will be vaccinated by June. Businesses are reopening. The U.S. economy is now operating at 88% of its pre-pandemic level, with hope for continuous improvement.

By Linchi Kwok, Professor and Department Chair, CAL Poly Pomona

Opinion Article

April 15, 2021

HVS Webinar Recap: Cross-Border Hotel Investment Between The UAE And Israel

The first-ever webinar on Cross-Border Hotel Investment between the UAE and Israel took place last week, jointly presented by HVS at the Israel Ministry of Tourism, the UAE-Israel Business Council and Copeland Hospitality.

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

Opinion Article

March 31, 2021

HVS European Hotel Valuation Index In-Depth Insights 2021

Sharp declines in revenue caused by the pandemic coupled with a more cautious approach to lending has prompted hotel valuations to fall over the past 12 months, although not as steeply as some had initially anticipated.

By Sophie Perret, Mattia Cavenati, and Simon Hulten

Opinion Article

March 20, 2021

New ALTA/NSPS Land Title Survey Standards for 2021

The survey standards for the American Land Title Association® (ALTA®)/ National Society of Professional Surveyors (NSPS) survey were updated in February 2021. Given how important this survey is to most commercial real estate transactions, it is crucial that investors understand its scope in order to avoid unnecessary costs and delays. JMBM associate Trevor Countryman has outlined these recent changes below.

By Trevor Countryman and Jim Butler