In many distress hotels, the blame lies with the inept hotel management companies.
The Boston lodging market, always volatile, continues to decline through mid 2003. Developers are lined up at the door, however, waiting for construction capital. Meanwhile, a new convention center will open in 2004, providing some answers, but gen
This article highlights how the economy and hotel sales move in tandem. Starting in May of this year, right after President Bush announced the combat portion of the war in Iraq over, the economy and hotel sales started to improve.
How To Get The Best Sales Price
Employee leasing works as follows: you the owner/employer terminate your employees and immediatley hire them back by an employee leasing organization.
The components of a hotel investment, complete with an example of how such transactions are being conducted, are examined.
As the number of major renovations increases, it becomes ever more important to manage and control the process. One reason for the increase is that many hotels built in the 70s and 80s need more that a facelift and con't compete with newer product.
As hotel-motel appraisers and consultants, our fir inspects hundreds of lodging facilities each year. Our experience and imaginations have led us to formulate the following list of amenties that would characterize the perfect luxury hotel room.
During 1996, hotel values in some parts of the U.S. increased by as much as 60 percent. To someone unfamiliar with the concept of hotel operating leverage, this enormous rise seems impossible.
The lodging buzzword of the 1990s must be asset management. Many hotel companies are offering it. Most hotel owners need it. But very few people really know what it is.