Topic: Construction Costs
As the cost of building hotels continues to rise, modular construction presents a possible way for developers to save money.
With construction costs continuing to grow faster than normal, we take a look at whether there’s an end in sight and what hotels can do to reduce expenses.
When purchasing a hotel, it is important to ensure a property improvement plan is carried out effectively and on budget.
Developers are relying on established relationships as well as finding solutions that might go outside the box.
By communicating with their local municipalities and building departments early, owners can easily avoid unforeseen construction hiccups.
Coupled with steady supply surges and a booming economy, U.S. hotel developers have found that labor and construction costs have continued to grow.
On the heels of a new prototype, Hampton’s global head talks ROI for owners and the growth ahead for the brand.
HVS' 2016 Hotel Development Cost Survey – India is out, just in time for developers who might be thinking of diving into a project in the country.
Modular construction gets vote of confidence from developers and lenders.
National Report–As many companies struggle to find footing in a new economic reality, Tarsadia Hotels is embodying change and diversity.
As of Jan. 1 the Orange County, Calif.-based Tarsadia Hotels is now an alliance of three separate companies, changing ownership and broadening scope. What was one privately held hotel management, development and investment company now is three, known by new names and with new goals and ownership.