What’s Attracting High Net-Worth Investors to Value-Add Assets?
More and more high-net worth investors plan on putting their money in value-add assets. As a wealth-management strategy, investing in high-value real estate is an effective way to grow and even protect one’s assets. That’s one of the reasons why investors are looking for value-add real estate properties. The move is also an excellent way […]
Radisson Hotel Group Invests in Meetings and Events Offering
Amenities continue to be a significant draw for hotel guests. By providing clients with spaces where they could plan and organize events, hotels can generate more rental revenues. The Radisson Hotel Group believes in the same idea, with the brand launching its new meetings and event spaces. The hotel group wants to become the number […]
Clean Tech: How Technology is Changing Hotel Linens
It takes an enormous amount of water—about 2,800 gallons of it—to wash a queen-size bed sheet. Factor in the chemicals needed to sanitize the sheets along with the annual cost of replacing hotel linens—which have risen by about 25 to 35 percent due to theft and persistent stains—and that gives you an idea of how […]
Ambiente, North America’s First Landscape Hotel, to Open in Sedona in 2020
Sedona has plenty of breathtaking views, given its well-known red rocks, fantastic sunsets, and some of the best resorts the country has to offer. With the first landscape hotel opening in late 2020, tourists have another reason to pay a visit. Ambiente is owned by Two Sister Bosses, a local Sedona company. The firm has […]
10 Lodging Investment Trends and Challenges of 2019
Being in the hospitality business means you’ll need to stay on top of trends and challenges. If you are on the hunt for a new property, here are some of the things you might need to discuss with your hotel brokerage firm. Labor issues Expect operating profits to take a hit after the recent labor […]
Tax Incentives for Opportunity Zones: a Brief Introduction
Hotel investors are taking advantage of opportunity zones, and rightly so. Opportunity zones are a win-win for both low-income neighborhoods and investors, which is why the government has created some major tax incentives for them. Want to learn more? Read Congressional Research Service’s briefing of tax incentives for opportunity zones here. Ready to invest in […]
The Future of Cellular Connectivity for the Hospitality Industry
As guests become more demanding in the type of services they want, hotel properties will need to keep up to meet their demands. That includes providing excellent wi-fi connectivity. Draw Factor Reliable and secure high-speed wireless connectivity is one of the basic amenities that many guests now require, with more than 96% of guests who […]
Profit Growth Becomes Harder to Achieve for U.S. Hotels
The revenue growth forecast for hotels is expected to slow down, indicating that profits may be harder to hit this year. Revenue gains may have been positive for some, but only about 54.3% had seen any improvement in their GOP. What Drives Growth Historical data tells us that ADR growth is the one that boosts […]
Hyatt Plans to Grow Hyatt Centric in the U.S.
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 […]
Asset Managers Mostly Concerned with Rising Labor Costs
Hotels are finding it hard to control salaries, with higher pay, wages, as well as benefits taking a chunk out of the company’s revenue. As increased labor costs make reports for growth and profit a bit gloomy, investors may find this to be the best time to start scouting around for a hotel property for […]