Real Estate

2013 Lodging Outlook: Developing Confidence 

Mitch Patel is betting big on 2013. His Chattanooga, TN-based Vision Hospitality Group has eight hotels currently under construction that should open this year, increasing his portfolio of 17 hotels by almost half. Patel isn’t alone in his confidence....

Secondary Debt Market Still a Concern 

I was asked to speak at a hotel investors’ conference a couple of weeks ago as part of a four-person panel. We were asked where the hotel transaction market is today and what we see ahead. The first gentleman...

Rough Year for Hotel Brokers 

One of the factors reflecting the strength of the hotel industry is the number of hotel transactions that occur each year. When the industry is booming, buyers and sellers are actively trading properties and monetizing their investments. Interestingly, sellers are ...

Hotel Values Continue to Rise 

Economic growth is expected to be modest in 2013, with Gross Domestic Product (GDP) anticipated to rise by 2.9%, but the supply of hotel guestrooms is expected to increase only 0.7% over the next year, much lower than the 1.7% to 3.1% annual increases seen from 2007 to 2009. As a result, there will be continued upward pressure on...

New Brand Vintro to Debut in Miami Beach 

The 54-room Vintro Hotel South Beach, with a planned fall 2013 opening, is the first of a new boutique brand. Founded and funded privately, the hotel will be joined by an as-yet unidentified property in mid-2013. And, the Vintro Fort Lauderdale is underway with a 2015 opening date....

Top Owners & Operators 

Here is a list of ownership and development companies and third-party management companies who focus on the lodging industry....

Sabatier Settling in as Destination President 

Jamie Sabatier left the branded world and became the president and chief operating officer of Destination Hotels & Resorts in April, and he hasn’t looked back. The 14-year Starwood Hotels & Resorts executive is now running one of the largest hotel management companies....

Risky Times Create Opportunities 

The most profound message at the recent Midwest Lodging Investors Summit came from the first speaker, the inimitable Laurence Geller. Geller, who heads Strategic Hotels & Resorts and was the keynoter speaker at the first MLIS in 2008, warned the crowd of hotel owners and operators to expect volatility as the new normal in the hotel industry....

Cobblestone Growing Into Full-Fledged Brand 

When the first Cobblestone Inn & Suites opened in Clintonville, WI five years ago, it wasn’t meant to be a brand, just look like one. “We started Cobblestone for us,” says developer Brian Wogernese, Cobblestone’s president and ...

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