Low Cap Rates Drive Gains in Hotel Values
Forecasting gaming revenue for the Macau SAR over the next five to seven years will be particularly challenging primarily due to the current extraordinarily high win per unit per day (WPUPD) and the unprecedented anticipated growth in supply.
Qualified Management Contracts: Public-Sector/Private-Sector Partnering to Achieve Common Objectives
Recently public and private sectors have partnered in development of convention hotel properties; publicly owned and privately managed. This article highlights unique features of qualified management agreements and compares them to typical contracts.
Reduced interest rates and lower equity yield requirements have had a substantial positive impact on hotel values. Additional value gains are now being fueled by more aggressive deal underwriting, as discussed in this article.
Morocco has identified tourism as a major growth area which is to be implemented through the Plan Azur. HVS is launching three articles on Morocco with the first one focusing on tourism trends and the outlook of Marrakech as a destination.
The real estate capital markets demonstrate a remarkable ability to change and adapt. Perhaps, the most significant example is the emergence of the Commercial Mortgage Backed Security (CMBS)...
Updated Smith Travel Research Markets in the Canadian Lodging Outlook
More Than Spare Change: Spare Cash In The Parking Couch...The Third Edition of a Three Part Series on Parking Asset Management Success
As the national economy continues to rebound from the 2001 economic downturn, the hotel industry also follow this positive trend with impressive annual RevPAR growths, beginning in 2004.
The objective of this document is to present some of the general characteristics of the hotel supply in Rio de Janeiro and analyze the evolution of the performance of the luxury hotels or those that compete in the top end of the price scale.