Services
News and trends in the different services used by hotel and resort owners, operators and developers, including asset management, brokerage, consulting, insurance and purchasing.
Asset Management
News and insight on asset managers for hotel and resorts and the services they provide the industry, including some best practices for owners and operators.
Noble House Ready to Brand its Properties
Noble House Hotels & Resorts has added the 156-room Pelican Grand Beach Resort in Fort Lauderdale to its collection of managed properties. It’s the 17th property for the Seattle-based company which owns and manages boutique hotels and resorts spanning the four coastal corners of America. ...
New Designation Created for Senior Asset Managers
As the hotel industry has grown, so has the need for qualified asset managers. The Hospitality Asset Managers Association (HAMA) was created in 1991 and the group earlier this month unveiled the formation of the Certified Hotel Asset Manager (CHAM) designation. ...
Melchiorri Brings Lodging to TV with “Hotel Impossible”
Anthony Melchiorri isn’t a TV personality doing a hotel show. He’s a hotel guy doing a TV show. His resume and approach on camera make that clear from the first episode of “Hotel Impossible,” a new original weekly one-hour series premiering Monday, April 9 at 10 p.m. on the Travel Channel....
Vendor News March 15, 2012
Roundup of vendor news and notes....
Brokerage
News and insight on hotel and resort real estate brokers and the services they provide the industry.
Vendor News April 15, 2012
A roundup of news and notes from hotel vendors....
Vendor News March 15, 2012
Roundup of vendor news and notes....
Taxes: What You Don’t Know May Cost You
A capital gain occurs when an asset increases in value. Under most circumstances, this event is taxable only when the asset is sold and the gain (or loss) is realized. In general, capital gains taxation in the U.S. has been at 15% for several years. What you may or may not be aware of is starting in January, that rate will increase to 20% above the first $250,000. ...
Consulting
News and insight on hotel and resort consultants and the services they provide to the industry.
New Appraisal Method Could Limit Lending
If you‘re not a real estate appraiser, you’re probably unaware of a major catastrophe looming that could effectively eliminate all types of hotel financing, making it all but impossible to either build or sell a hotel. Under potential new governmental lending regulations, hotel appraisers will be forced to utilize an appraisal methodology that will lower their hotel valuations by as much as 40%, forcing borrowers to finance significantly less of their acquisition prices at greatly inflated interest rates. While this topic is somewhat technical, I will attempt to describe the issues in simple terminology....
Burwash Hits 37 Years of Tennis Management
Peter Burwash has been teaching tennis since the 1970s. After seven years on the professional circuit, he moved into the field in a big way — managing tennis programs for clubs and resorts....
Vendor News April 15, 2012
A roundup of news and notes from hotel vendors....
How to Estimate Hotel Mortgage Interest Rates
In today’s low mortgage interest rate environment, hotel investors need to constantly monitor the cost of financing to ensure they lock-in the lowest possible rate. Generally, a hotel investment consists of a large amount of mortgage money (55%-75% of the total investment) and a smaller amount of equity capital (25%-45%). Thus 55% to 75% of a hotel project's cost of capital ...
Insurance
News and insight on insurance coverage needed for hotels and resorts and brokers and other companies offering those services.
Insurance Advice: Be Prepared and Act Quickly After Disaster
Hurricane Irene wreaked $7 to $10 billion in damages and was reported to be one of the 10 costliest catastrophes in U.S. history. Many hotels will recoup business revenue lost due to wind damage, flooding and apprehensive travelers because they’re well insured. Others may find their coverage is minimally to totally inadequate. Whether it’s Irene’s wrath, last month’s East Coast earthquake or another natural disaster, those affected should be talking to their insurance company now, says attorney David Killalea. ...
Vendor News August 15, 2011
Roundup of vendor news....
Insuring Against Risks with Sustainable Hotels
Green building has grown exponentially in the past few years. As of March, 91 lodging properties had achieved the U.S. Green Building Council’s LEED certification. An additional 1,100 properties have registered to seek certification. ...
Purchasing
News and insight on the services provided by purchasing companies for hotels and resorts and their role in the design, renovation, construction and operation of a hotel.
Vendor News Oct.. 15, 2011
Recent news and notes from hotel vendors....
Vendor News Sept. 1, 2011
Roundup of hotel vendor news and notes....
Vendor News August 15, 2011
Roundup of vendor news....
Top Purchasing Companies
Are you looking to renovate your hotel? Time to refresh the lobby or guestrooms? Here’s a list of purchasing companies that work in the lodging and hospitality industries....
