Consulting

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 ...

Vendor News Oct. 15, 2012 

Roundup of vendor news and notes....

Vendor News Sept. 15, 2012 

Roundup of news from hotel vendors....

Vendor News Sept. 1, 2012 

Roundup of hotel vendor news and notes....

Vendor News Aug. 15, 2012 

News and notes about hotel vendors....

Report on Your Sustainability Efforts 

It began with reminders encouraging us to reuse towels and unplug phone chargers when not in use. It grew to include low-flow showerheads, on-site organic gardens and local sourcing of meats, fish and poultry. Across the lodging industry, owners and management ...

Hotel Impossible Earns 2nd Season, Industry's Approval 

Anthony Melchiorri has learned a lot after one year in show business. “That little camera goes into millions of households,” says the “Hotel Impossible” star. Just last month, Melchiorri was with his family at a ...

How to Evaluate Sustainable Technologies in Hotels 

As a global hospitality consultancy, HVS is oftentimes asked to comment on emerging sustainable technologies that are potentially applicable to hotel and resort operations. Here are six questions that hotel owners and managers can use to ...

Vendor News June 15, 2012 

News and notes from hotel vendors....

Take Another Look at Your Forecasting Models 

When conducting a financial forecast for a hotel, each line item of revenue and expense must be projected for the typical 10-year holding period. The fixed and variable forecasting approach yields the most accurate results, because revenue and expense items tend to vary with occupancy, food & beverage revenue, other income or total revenue....

Hotel Transactions Set to Surge 

Through the first five months of the year, the pace of hotel transactions has been steady and strong, but not spectacular. That could soon be about to change, according to many lodging leaders at the NYU International Hospitality Industry Investment Conference....

Vendor News May 15, 2012 

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 ...

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....

Plenty of Opportunities Ahead in 2012 

The U.S. lodging market experienced strong demand recovery throughout 2011. However, despite the recovery brought on by a resurgence of corporate travel, average rates in 2011 recovered at a more moderate pace when compared with occupancy. The lodging sector appears coordinated in its efforts to improve average rate as occupancy trends continue to stabilize....

Valuing the Same Hotel Across Five Regions 

In a previous column, I showed the development of a projection of revenue, expense and net income for five regions of the world: South America, China, Europe, India and the U.S. These projections were made under the assumption the hotel would be a 200-room Marriott type hotel with identical revenue per available year numbers for each of the five regions. ...

Occupancy During Holidays May Stall, But Rate Won’t 

AAA forecasts 42.5 million Americans will travel 50 or more miles during Thanksgiving weekend, a 4% increase from a year ago, and the first significant holiday travel increase of the year. But will those travelers be staying in hotels or with grandma? ...

Vendor News Nov. 15, 2011 

A roundup of hotel vendor news and notes....

Hotel Data Guru Lomanno Leaves STR to Pursue Passions 

If you’ve been to any hotel industry conferences in the past two decades, you probably know Mark Lomanno. He was the guy from Smith Travel Research with the scores and scores of PowerPoint slides, roaming the stage, talking a mile a minute about his favorite subject: the history, current health and future outlook for the hotel industry. Lomanno, who joined the fledgling Smith Travel Research in 1990, left the company at the end of last month to pursue new business passions and, more importantly, to spend time with his family. ...

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