Hotel Executives Optimistic About 2023 Development, Investment, Management Prospects

Portfolio Growth, Geographic Expansion Are Top Priorities

As a new year approaches, hotel executives are generally optimistic about the overall strength of both their companies and the industry.

As a new year approaches, hotel executives are generally optimistic about the overall strength of both their companies and the industry.

In recent interviews with Hotel News Now, executives shared their outlooks and strategies for hotel development, investment and management.

Nikheel Advani, Principal and Chief Operating Officer, Grace Bay Resorts

Grace Bay Resorts, a developer and operator with a portfolio of luxury resorts in the Turks and Caicos Islands, had its best year ever in 2022, and Principal and Chief Operating Officer Nikheel Advani said he is bullish about the company's further success, HNN’s Sean McCracken reports.

Looking into the crystal ball, unless something changes, we're looking to have an incredible 2023, he said, adding demand to Turks and Caicos and the Grace Bay portfolio remain more resilient because the company's hotels are on the "super high end of things."

Read the full article
Development Development

CoStar Group, Inc. (NASDAQ: CSGP) is the leading provider of commercial real estate information, analytics and online marketplaces. Founded in 1987, CoStar conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of commercial real estate information. Our suite of online services enables clients to analyze, interpret and gain unmatched insight on commercial property values, market conditions and...