http://lhonline.com/services/ en-us http://lhonline.com/services/vendor_news_051512 A roundup of news and notes about the vendors serving the hotel industry. services Mon, 14 May 2012 14:39:00 EDT http://lhonline.com/services/consulting/rushmore_appraisal_method_limit_lending_0508 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. consulting Tue, 08 May 2012 09:02:00 EDT http://lhonline.com/services/legal/JQHammons_lawsuit_financing_0305 legal Thu, 03 May 2012 09:23:00 EDT http://lhonline.com/services/burwash_37_years_tennis_management_0430 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. services Mon, 30 Apr 2012 08:13:00 EDT http://lhonline.com/services/noble_house_brand_027 Having reached a critical mass, Noble House Hotels & Resorts plans to tag its brand on its existing and future properties. As for future properties, the 30-year-old company plans to add three to five properties this year and grow to 30 over the next three years. services Fri, 27 Apr 2012 08:06:00 EDT http://lhonline.com/services/assetmanagement/cham_asset_manager_certification_0424 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. assetmanagement Tue, 24 Apr 2012 08:42:00 EDT http://lhonline.com/services/vendor_news_041512 A roundup of news and notes from hotel vendors. services Fri, 13 Apr 2012 14:29:00 EDT http://lhonline.com/services/consulting/rushmore_how_to_estimate_mortgage_rates_0409 To assess the cost of mortgage capital, investors must know the current lending rates for hotel mortgage loans. To provide investors with a reference point from which to estimate the cost of mortgage financing, there is a critical need for reliable, timely estimates of hotel mortgage interest rates. consulting Mon, 09 Apr 2012 08:51:00 EDT http://lhonline.com/services/design/novotel_nyc_renovations_0330 design Fri, 30 Mar 2012 10:40:00 EDT http://lhonline.com/services/assetmanagement/hotel_impossible_melchiorri_0328 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 at 10 p.m. on the Travel Channel. assetmanagement Wed, 28 Mar 2012 08:52:00 EDT http://lhonline.com/services/legal/hotel_loans_restructuring_0327 After the hospitality industy’s slow, but steady recovery the past few years, the global events mentioned above could curtail travel and once again put hotel properties in jeopardy of foreclosure and bankruptcy. For these properties, a workout may be the best possible solution. Workouts are an attempt by the borrower/hotel owner and lender to salvage a potentially valuable hotel property and avoid the delays, expense and reputational damage generated in foreclosure or bankruptcy proceedings. legal Tue, 27 Mar 2012 09:41:00 EDT http://lhonline.com/services/assetmanagement/vendor_news_031512 Roundup of vendor news and notes. assetmanagement Fri, 16 Mar 2012 15:27:00 EDT http://lhonline.com/services/brokerage/real_estate_taxes_obamacare_transactions_financing_0314 Taxes: What You Don’t Know May Cost You brokerage Wed, 14 Mar 2012 07:35:00 EDT http://lhonline.com/services/consulting/rushmore_look_back_2011_0221 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. consulting Tue, 21 Feb 2012 09:19:00 EDT http://lhonline.com/services/assetmanagement/engel_qa_turnaround_tactics_0214 Tom Engel of T.R. Engel Group says a large focus of the business now is with investors who need help increasing cash flow and their distressed asset’s value, both having dropped severely during the recent downturn. He recently chatted about the state of the hotel industry and offered some insight into his approach to turning around a distressed asset. assetmanagement Mon, 13 Feb 2012 21:10:00 EDT http://lhonline.com/services/vendor_news_0115 Roundup of hotel vendor news and notes. services Fri, 10 Feb 2012 14:42:00 EDT http://lhonline.com/services/assetmanagement/outsourcing_fB_0110 Hoteliers have long struggled with what to do with food and beverage. Is it a profit center, an enticement to book a meeting, or a necessary evil? Regardless of your opinion, f&b typically accounts for more than one-fourth of a full-service hotel’s revenues and has an ever-expanding role in limited-service properties. The food and beverage department typically represents a significant opportunity to enhance a hotel’s profitability, value and investment returns. assetmanagement Tue, 10 Jan 2012 09:04:00 EDT http://lhonline.com/services/hotels_deals_flat_2012_0105 services Thu, 05 Jan 2012 09:28:00 EDT http://lhonline.com/services/rushmore_valuing_same_hotel_0104 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. services Wed, 04 Jan 2012 08:58:00 EDT http://lhonline.com/services/legal/marriott_edition_lawsuit_aquahotels_1215 legal Thu, 15 Dec 2011 07:51:00 EDT http://lhonline.com/services/starwood_to_buy_into_design_hotels_1208 services Thu, 08 Dec 2011 10:23:00 EDT http://lhonline.com/services/assetmanagement/kerzner_hands_atlantis_to_brookfield_1201 assetmanagement Thu, 01 Dec 2011 10:08:00 EDT http://lhonline.com/services/consulting/thanksgiving_holiday_travel_1123 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? Tim Hart, executive vice president of business intelligence for Travelclick, says according to data from the hotel ecommerce company, many of those additional travelers won’t be staying in hotels, but those that do will be paying a higher rate. consulting Wed, 23 Nov 2011 06:23:00 EDT http://lhonline.com/services/vendor_news_1115 A roundup of hotel vendor news and notes. services Wed, 16 Nov 2011 14:33:00 EDT http://lhonline.com/services/impact_of_gaylord_on_denver_1115 services Tue, 15 Nov 2011 10:23:00 EDT http://lhonline.com/services/consulting/str_lomanno_research_rates_1107 Hotel Data Guru Lomanno Leaves STR to Pursue Passions consulting Mon, 07 Nov 2011 07:18:00 EDT http://lhonline.com/services/consulting/vendor_news_1011 Recent news and notes from hotel vendors. consulting Tue, 01 Nov 2011 14:01:00 EDT http://lhonline.com/services/brokerage/oneill_market_study_1101 A hotel market study presents a summary of the supply of and demand for hotel rooms in a competitive hotel market. In doing so, it quantifies the future supply of competitive hotel rooms and estimates the extent to which the market and subject hotel can capture the demand for those rooms in the future. brokerage Tue, 01 Nov 2011 09:46:00 EDT http://lhonline.com/services/consulting/truth_behind_feasibility_studies_1101 Hotel feasibility studies are used to determine whether a proposed hotel will be economically viable when it becomes operational. It typically consists of a market study to measure the local supply and demand of existing and proposed hotel facilities. This analysis results in a projection of occupancy and average rate for the subject property. consulting Tue, 01 Nov 2011 09:15:00 EDT http://lhonline.com/services/consulting/vendor_news_0915 Roundup of hotel vendor news. consulting Thu, 13 Oct 2011 11:21:00 EDT http://lhonline.com/services/insurance/products_0915 Latest in hotel products. insurance Thu, 13 Oct 2011 11:18:00 EDT http://lhonline.com/services/consulting/rushmore_global_comparison_1007 Stephen Rushmore developed the following side-by-side comparison of the revenue and expense for a proposed 200-room Marriott type hotel, assuming it was located in the following five regions: China, Europe, India, South America and the U.S. consulting Fri, 07 Oct 2011 08:45:00 EDT http://lhonline.com/services/consulting/vendor_news_0901 Roundup of hotel vendor news and notes. consulting Fri, 16 Sep 2011 14:07:00 EDT http://lhonline.com/services/consulting/boutique_lifestyle_feasibility_development_rate_ADR_occupancy_0914 Ins and Outs of Analyzing Feasibility of a Destination Boutique Hotel consulting Wed, 14 Sep 2011 07:34:00 EDT http://lhonline.com/services/consulting/rushmore_values_replacement_cost Every so often I like to look at the current relationship between a hotel’s market value and its replacement cost. This information is useful in setting strategies for new hotel development, acquisitions, when to buy and when to sell. It can also forecast volatility. consulting Mon, 12 Sep 2011 08:55:00 EDT http://lhonline.com/services/insurance_advice_post_irene_0902 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. services Fri, 02 Sep 2011 08:40:00 EDT http://lhonline.com/services/design/design_elements_0815 Roundup of design news. design Wed, 31 Aug 2011 14:25:00 EDT http://lhonline.com/services/vendor_news_0815 Roundup of vendor news. services Wed, 31 Aug 2011 14:13:00 EDT http://lhonline.com/services/legal/ohare_distressed_gaming_development_ihg_wyndham_sheraton_0823 Despite Distressed Properties, O’Hare Hotel Market Sees Signs of Life legal Tue, 23 Aug 2011 06:48:00 EDT http://lhonline.com/services/insuring_risks_sustainable_hotels_0818 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. services Thu, 18 Aug 2011 09:18:00 EDT http://lhonline.com/services/legal/lawsuit_extendedstay_intownsuites_law_financing_0805 Suit Charges City Wants to ‘Eradicate’ Unwanted Hotels legal Fri, 05 Aug 2011 07:20:00 EDT http://lhonline.com/services/assetmanagement/vendor_news_0715 Roundup of vendor news and notes. assetmanagement Fri, 29 Jul 2011 12:56:00 EDT http://lhonline.com/services/consulting/rushmore_hotel_feasibility_0728 When designing a hotel, the architect and development team need to create a project that is ultimately economically feasible. Unless the hotel’s owner is ego driven rather than economically motivated, most investors are looking for a return on their invested capital. Since feasibility means different things to different people, and as a hotel consultant having prepared thousands of feasibility studies, I have been asked to provide my perspective on this topic. consulting Thu, 28 Jul 2011 07:02:00 EDT http://lhonline.com/services/legal/viacom_suit_nickelodeon_0713 legal Wed, 13 Jul 2011 10:47:00 EDT http://lhonline.com/services/consulting/vendor_news_0615 A roundup of vendor news and notes. consulting Thu, 30 Jun 2011 14:49:00 EDT http://lhonline.com/services/consulting/rushmore_state_of_industry_nyu_0628 Each year I give a state of the U.S. hotel industry presentation at the NYU Hotel Investment Conference. My perspective focuses on values, transactions and capitalization rates. My column this month provides highlights of the assessment. consulting Tue, 28 Jun 2011 08:45:00 EDT http://lhonline.com/services/tarwater_lands_development_post_0623 Scott Tarwater, a veteran hotel industry executive and former right-hand man to legendary developer John Q. Hammons, has a new job. Tarwater, who left the Hammons organization last fall in a management shakeup, is now chief development officer for O’Reilly Hospitality Management, an ambitious and well-funded lodging development and management company based in Missouri. services Thu, 23 Jun 2011 07:28:00 EDT http://lhonline.com/services/sf_fairmont_for_sale_0615 services Wed, 15 Jun 2011 11:03:00 EDT http://lhonline.com/services/hurricane_season_insurance_and_risk_reviews_0615 Once again, the Atlantic hurricane season is upon us. With it comes a sense of apprehension for all along the coast, especially for those in the hospitality industry. For many, a few months’ income will make or break a business, so a severe storm brings potential ruin for a business that is not sufficiently insured. services Wed, 15 Jun 2011 09:29:00 EDT http://lhonline.com/services/consulting/hambly_QA_cmbs_workouts_0614 Ann Hambly, who has more than 30 years experience in commercial mortgage servicing for companies such as Prudential, Bank of America and GE Capital, recently discussed the intricacies of a CMBS workout. consulting Tue, 14 Jun 2011 08:54:00 EDT