Hyatt is set on a worldwide expansion, announcing plans to build hotels in locations such as Philadelphia, Portland, Senegal, El Salvador, Los Angeles, and Australia. The hotels will make for a strong addition to the brand’s global footprint, especially when taken into considered alongside Hyatt’s newly-opened hotels in Miami as well as in spots like Lima, Peru and in Santiago, Chile.
As the brand moves forward with its expansion plans, investors can take that as a sign of the industry’s earning performance. Despite the rise in labor costs and the slowdown in profit growth, businesses can still find a way to modify their operations to add to their returns.
Growth Trends and Ideas
Labels that encourage a lot of self-service are showing success in their growth margins. And given the dependency of guests on high-speed Wi-Fi connectivity, lodging assets need to find a way to improve self-services as well as provide better mobile connectivity services.
Buying a Property
As a prospective investor, you’ll want to look for hotels for sale that fit your plans and project. With the help of experienced hotel brokers, finding listings that meet your requirements and budget won’t be a problem.
Choosing a Broker
For the best results, pick a brokerage firm with considerable experience in selling or buying hotel assets. A broker that deals with hotel properties exclusively will have the resources, network, and processes to provide you with the support and help you need.
Before you hire the services of a brokerage firm, make sure you do your homework. Find out what kind of reputation the company has. Ask around. Read the feedback from other clients online. If there are negative reviews about the business, it may be best for you to rethink your hiring decision. Be clear about the services that the firm offers. Also, find out if the broker has handled properties similar to what you have in mind. They should be familiar with the processes and laws involved in selling or buying the kind of hotel assets you want.
Grow Your Investments
The Hyatt brand’s continued expansion is a good sign. If you are looking to invest in hotel property, then this is an excellent time for you to do so. To find the right hotels for sale, contact NewGen Advisory.