NewGen’s Latest Closing Will Assist the City of Tempe in Expanding Housing Options for Those in Need
Phoenix— September 17, 2021 — NewGen Advisory (NewGen) assisted in the acquisition of the 40-unit Rodeway Inn by the city of Tempe to expand the city’s housing and shelter options. This acquisition will provide the City of Tempe with much-needed stability for people working with the city’s HOPE homeless outreach specialists to locate more permanent […]
NewGen’s Latest Closing Will Assist the City of Flagstaff in Expanding Housing Options for the Homeless
Phoenix— September 14, 2021 — NewGen Advisory (NewGen) assisted in the acquisition of the 44-unit Travelodge Hotel by Housing Solutions of Northern Arizona (HSNA) to expand the city’s housing and shelter options. This new acquisition will provide those in northern Arizona who have faced homelessness with another choice for housing. HSNA hopes to provide a […]
NewGen Advisory Completes Sale for Phoenix AC Marriott
Phoenix, August 2021 – NewGen Advisory (NewGen) brokered the sale of the newly opened Phoenix Downtown AC Marriott. The property was opened in February of 2021 and has 199 rooms and suites, the brand’s signature AC Lounge and AC Kitchen, and a patio that will feature live concerts and other entertainment. “This transaction represents a […]
7 Tips for Improving Hotel Operations With Fewer Workers
Covid-19 has altered the hospitality industry in many ways, impacting how hotels operate to survive while maintaining brand quality. Hotel managers have had to develop ways to work efficiently and provide good customer service with fewer workers on board. Whether the reasons are financially motivated, or there simply aren’t enough workers available to fill job […]
The Role of the Qualified Institutional Buyer in the Hotel Industry
The hotel industry was one of the hardest hit by the COVID-19 pandemic. However, it is recovering and gaining momentum as assets change hands at an accelerated pace. The lodging industry is expected to see a full recovery towards the end of 2023. Until then, hotel buyers and owners battle it out to find a […]
What You Need to Know about the Framework for Reopening International Travel
Are you ready to welcome back international travelers? After a challenging year with various restrictions, the travel industry has adapted and is starting to open again. Hotels have put safety measures in place to welcome international hotel guests. The rest of the hospitality industry is pivoting as well. In 2020, there were 19.45 million international […]
Important Hotel Metrics to Measure Success Post-Lockdown
The hotel industry, along with the rest of the tourism sector, was one of the most affected by lockdown and restrictions. Finally, after months of economic turmoil, the hotel industry is slowly recovering. The road ahead will be a long one, and it may not look the same as before, but the industry is pivoting. […]
Hotel Industry: Guest Expectations After Lockdown
After months of lockdown, hotels are open for business once again. However, the business will not go back to how it was, and innovative and adaptive change is needed to find success. In 2020, through the lockdown, guests developed expectations from the hotel industry. Considering the drastic effect that COVID has had on the hotel […]
Introduction to 1031 Exchange & How Hotel Investors Can Benefit
The process of investing in a hotel provides various investment options. There are several methods to acquire property. Exploring these different options will bring prospective buyers face-to-face with 1031 exchanges. As well as the alternative of opportunity zones. The hotel industry is thriving and has a global value of more than $570 billion. Investors continue […]
NewGen Advisory Delivers Results During Pandemic Squeeze on Hotels and Housing
Phoenix, May 2021 – NewGen Advisory (NGA) created a task force to help hotel owners and alternative use buyers during the pandemic. The initiative tapped expertise from multiple industry experts to help hoteliers safeguard their investments and increase the number of dwelling options for the depleted housing market. NGA’s task force team of hospitality experts […]