Development Opinion Articles - Hospitality Net

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Opinion Article

November 15, 2016

India - 2016 Hotel Development Cost Survey

HVS is pleased to share the analysis and insights of the 2016 Hotel Development Cost Survey – India. The development cost is an important aspect of a hotel project that determines its viability. HVS, over the years, has helped investors estimate the overall cost of developing a hospitality project as part of the multiple feasibility studies we have performed for varied asset types across all positioning. This survey endeavours to enhance the knowledge and understanding of industry stakeholders on the subject based on actual development costs of recently opened hotels in India.

By Achin Khanna and Rishabh Thapar

Opinion Article

November 11, 2016

Are dual-branded hotels a good idea?

Over the past few years, the popularity of multi-branded properties has exploded. Less than a decade ago, a dual-branded hotel was an oddity. Then dual branding became more common, and some properties began to use more than two brands, so "multi-branding" was born in the hotel industry. In the early days, multi-branding resulted from unique circumstances. Today, it is driven by a number of factors discussed below, and there are nearly 100 properties with multiple brands and nearly that many again in construction.

By Robert Braun, Partner, Jeffer Mangels Butler & Mitchell, LLP, JMM

Opinion Article

November 4, 2016

Resort With A Real Estate Ownership Component: A Turnaround Case Study

Whether the setting is sun-and-sand, snow-and-ski, or an indoor water park, today's destination resorts commonly feature real estate ownership programs. Structured as whole ownership, fractional ownership, or timeshare, these "residential" condominiums typically feature fully equipped kitchens and multiple bedrooms. This article provides a brief overview of this concept, using a turnaround case study to demonstrate methodology for evaluating ownership component economics.

By Erich Baum, Senior Vice President, HVS

Opinion Article

October 31, 2016

Recruitment in the Catering and Hospitality Industry

41% of recruiters who work in the catering or hospitality industry find 'word of mouth' to be the most effective form of recruitment, according to a recent survey by catering equipment specialists Nisbets.

By Jake Holyoak, Digital Marketing Executive, Nisbets

Opinion Article

October 25, 2016

Entrepreneurs Corner: In Conversation With Pizza Rossa Founder Corrado Accardi

Having recently returned from the European Foodservice Summit in Zurich I was reminded of the fact that the restaurant sector is one where entrepreneurs are still able to challenge the 'big players'. Creativity and innovation are thriving and those that are willing to take risks are being rewarded by customers who flog to those new restaurants in search for 'the next big thing'. London, it seems, remains one of those global 'hot- spot' for up-and-coming restaurants. Robin Rowland, CEO at YoSushi! described the city's food scene at the conference as "unique, sizzling and exciting".

By Thomas Mielke, Managing Director, AETHOS Consulting Group

Opinion Article

October 19, 2016

The Process of Selling a Hotel

Hotels and resorts are usually sold as operational entities. As such all operational agreements made with the previous owners are passed on to new owners to be honoured. This includes, for example, new bookings, equipment hire and staff contracts. This makes the sale of a hotel different from typical property transactions, where the property is sold without such complications.

By David Harper, Managing Director of Leisure Property Services, Leisure Property Services Ltd.

Opinion Article

October 18, 2016

Tried, Tested and Proven - Essential Tips to Ensure a Smooth Management Transition

You've competed for the business and won the contract. Now comes the opportunity to fulfill your promises and demonstrate the wisdom of the owner's choice. Third-party managers can be perceived as heroes or conquerors depending on their initial approach. Just as a firm handshake, eye contact and a warm smile set the stage for a cordial, productive meeting, a seasoned third party manager knows that success will come more swiftly if they approach their new team with respect and understanding. Follow these simple tips and you'll start building success with your new team from day one."

By Gerry Chase, President and COO, New Castle

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Opinion Article

October 17, 2016

The Steps You Have to Take Now to Prepare for the End of the Hotel Growth Cycle

Expert opinion is coming together: many now point to mid-2017 as the end of the current boom cycle in the hotel and resort business and, no, few experts anticipate anything like a crash or the mayhem of the recent Great Recession. But the good times, and the forever upwards urge of RevPAR, probably is indeed coming to a halt within nine or ten months.

By Babs Harrison

Opinion Article

September 28, 2016

Choose One: Passionate Staff or a Mediocre Business

You will never have an extraordinary hotel, restaurant, bar, or any other type of business if your employees are complacent. You must strive for excellence and truly care about all facets of a business in order to be best in class. It doesn't come from formal on boarding, standard operating procedures, or client analytics. True excellence comes from a passion and an enthusiasm for every task within a business. Passion comes from within each of us. We can't look to anyone else to motivating us into being exemplary. If you want to be amazing, it's up to you. Only you can motivate, inspire, or pump yourself up. While you can research or study how to implement optimism into the way you serve others, only you can make the decision to implement techniques into your life to be better.

By Joshua Evans, Founder & CEO, Enthusiastic You!

Opinion Article

September 27, 2016

Why a Clear Strategy is Key to Opening Day Success at Your New Hotel

It may seem overly simple to say that successfully opening a hotel requires a clear strategy, but a surprising number of properties are developed and opened each year with less than a fully-developed strategy in place. A few of them struggle through and manage to make it, while a large number of them fail.

By Bruce Hakutizwi, U.S. and International Manager of BusinessesForSale.com, Dynamis Ltd

Opinion Article

September 23, 2016

10 Steps to Business Plan Development 2017

This article is designed to include the keys to business planning and development success but there are changes occurring in our industry that require monitoring. These include disruption (is it really disruption or is it innovation?) and changes that have transformed our industry from an art to a science. Before we complete our business plans for 2017, a review of macroeconomic data is in order. China's growth is slowing, Europe remains suspect due to the Brexit and limited growth signs but we do not anticipate a recession in the U.S. economy in 2017. Despite the economic uncertainty and global terror threats, we believe a soft landing will keep the U.S. slowing to about a 1.5 percent GDP growth rate in 2017.

By Bob Rauch, President of RAR Hospitality, R.A. Rauch & Associates, Inc.

Opinion Article

September 14, 2016

Fixing the Problem of Too Many New Brands

Right now, the hotel industry is experiencing a virtual gusher of new brands. There are so many new faces on the logo tree that even as a keen observer of our niche in the world, I am having difficulty placing what brand goes with what house. I imagine that launching a new brand registers some excitement in the corporate head office, adding a somewhat pleasant diversion for the c-suite executives from the real work of fighting the real issues such as the encroachment of alternate lodging providers, elusive millennial travel desires, waning loyalty or the market domination of the OTAs.

By Larry Mogelonsky, Partner, Hotel Mogel Consulting Limited

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Opinion Article

September 12, 2016

The Small Business Owner’s Guide to Equipment Financing

Whether your business is product or service-based, having the necessary equipment is vital to keeping your venture operating smoothly. Replacing, upgrading or purchasing equipment for the first time can put a serious pinch on your cash flow but with the right financing, you can get the things your business needs without making a substantial dent in the bottom line.

By Michael Jones, Director of Community Development, Bond Street

Opinion Article

September 9, 2016

How To CEO A Hotel Chain

Now that you know how to build your own hotel chain, let's talk about how to run it right. It is critical to understand that getting there and staying there are two vastly different things. You've developed a good product with clear brand positioning, and as CEO, you now need to develop and articulate the growth strategy. According to my good friend and sales consigliere Frank Cespedes of Harvard Business School, in his landmark book "Aligning Strategy and Sales", it goes like this:

By Thomas Magnuson, Co-Founder & CEO Magnuson Hotels, Magnuson Hotels

Opinion Article

September 7, 2016

Project Management Considerations for Building Equipment Upgrades

A well-executed building equipment project can save energy, reduce maintenance costs, and significantly improve the guest experience. However, a poorly managed project can be disastrous for a hotel in terms of the resultant cost overruns, guest complaints, and long-term dissatisfaction with the installed equipment.

By Kevin Goldstein, HVS

Opinion Article

September 5, 2016

Hotel Lessons from Muhammed Ali

In early June, we all watched the news as a titan of professional sports passed away. Muhammed Ali was one of the most colorful athletes that ever lived – as entertaining in the ring as he was in the press box, and not without his own dose of controversy. Whether it was a Thrilla in Manila or a Rumble in the Jungle, he was always more than just a boxer, striving to win the hearts and minds of his audience well before facing his opponent.

By Larry Mogelonsky, Partner, Hotel Mogel Consulting Limited

Opinion Article

September 2, 2016

The Integral Link Between Hotels, Real Estate and Proper Airbnb Regulation

Airbnb is a game changer for the hotel industry with many citing it as having dire effects on a property's long-term revenues and overall asset value. While government agencies have been slow to react to the appeals of hospitality lobbyist groups, they have acted far less sluggish with regard to the impact of these alternate lodging providers on the housing market. As a legislative body's primary mandate is to get re- elected, the last thing any regulatory agency would want to do is (excuse the expression) piss-off its constituents – that is, the voters who might be negatively affected by unregulated Airbnb lodging usage.

By Larry Mogelonsky, Partner, Hotel Mogel Consulting Limited

Opinion Article

August 30, 2016

United Kingdom fixed-income hotels: an investment fashion that’s here to stay

Investor interest in fixed-income hotel real estate is at unprecedented levels. Fund managers increasingly see leased hotel assets as an attractive portfolio option amid the current low interest rate environment. The scale of investor appetite was underlined by CBRE Hotels' inaugural Fixed-Income Breakfast, where attendees representing leading UK and European investor groups debated the key challenges and opportunities within the European hotel sector.

By Robert Chess and Joe Stather

Opinion Article

August 24, 2016

Say Goodbye to the Business Center

Reaching its zenith in the mid-1990s following the proliferation of the personal computer, I have many fond memories of the hotel business center. Such facilities were a high priority for road warriors who needed to refine presentations, print materials, prepare travel itineraries or work on just about everything else, all while hotel staffers stood at the ready to assist wherever they could.

By Larry Mogelonsky, Partner, Hotel Mogel Consulting Limited

Opinion Article

August 23, 2016

Cost Segregation Studies for Hospitality Assets

The Internal Revenue Code (aka the "IRS Code") requires that the cost of commercial property be expensed over its designated recovery period. This annual expense, known as depreciation, is a benefit to the owners of commercial properties in that it reduces their taxable income. Generally, commercial real estate is depreciated over 39 years on a straight-line basis. Land is not depreciable and must be shown as a separate non-depreciable asset.

By Tim Sauer, Senior Project Manager at HVS St. Louis, HVS

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