Keyword: LW Hospitality Advisors
At IMN’s New Hotel Development conference, held Feb. 25-26 at the Marriott New York Downtown, the erosion of the hospitality industry’s cautious optimism regarding the current landscape was on display.
2018 saw some major deals totaling $18.3 billion and approximately 51,100 hotel rooms with an average sale price per room of $357,000, according to LWHA.
Major U.S. single-asset deals during the third quarter totaled approximately $6.4 billion with an average sale price of $419,000.
Whether a GM rises from within the ranks or joins a hotel from outside, management companies look for some key factors when selecting a property’s leader.
More than 70 percent of all hotel rooms carry a brand, but whether they still provide value depends on a variety of factors.
Despite the uptick in sales, the question remains: Is 2018 the year to buy or sell? Look to your market for the answer.
Hansen, who lives in the Cleveland area, has 25 years of experience providing an array of hospitality real estate advisory services.
Daniel Lesser, the CEO of LW Hospitality Advisors, doesn't mince words and not Airbnb, not OTAs and not hotel brands escape his scrutiny.
With varying levels of uncertainty rumbling through the industry and an ever-growing difficulty pushing rate, operators are scrambling to save every dollar they can.
Hotel real estate experts project sustained activity amid favorable conditions in lending and hotel performance.