Let’s 1031: All You Need to Know About a 1031 Exchange and It’s Benefits for Hotel Investors
1031 exchange is not a mere tax bypass strategy. It’s a useful wealth creation principle. This exchange is popularly used by real estate investment moguls to grow their portfolios and increase net worth faster and efficiently. By using 1031 exchanges, real investors can sell a real estate property and reinvest the proceeds into another real […]
A Guide to a 1031 DST and the Hotel Industry
The strategic swap of business properties is a useful way to defer capital gains taxes. A 1031 Delaware Statutory Trust (DST) uses the standard 1031 exchange as a base but develops the agreement further. If you’re looking to invest in hotels for sale and expand your portfolio, then it’s worth investigating the benefits of a […]
NewGen Advisory completes 1031 exchange transaction in 30 days
NewGen Advisory is pleased to announce the closing of a large, all-cash 1031 exchange transaction that the company was able to facilitate in 30 days amidst the Thanksgiving holiday. The associated 120-unit property is located in Phoenix, Arizona on Northern Avenue and Highway 51, adjacent to Piestewa Peak and near the Biltmore district, and falls […]
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 […]
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 […]
Considering Purchasing a Commercial Note? Triple up the Due Diligence.
Every financial cycle or economic downturn brings forward its fair share of distressed assets. In these situations, banks and lenders will often start shopping out non-performing loans to shed some liabilities off their books or even free up capital. This inevitably brings out investors looking for an opportunity to get a steal in the marketplace. […]
Five Ways to Creatively (and Inexpensively) Market Your Hotel through COVID-19
Given the state of hospitality today, hoteliers need to think very creatively to capture new business. Four out of ten hospitality workers are still not working. According to a recent AHLA article, more than half open hotel rooms were empty across the country as of August 1st, 2020. This is in addition to the thousands […]
Younger Demographic Less Fearful of Travel and Hotel Stays
At the beginning of August, consumer confidence fell to its lowest level in six years amidst summer coronavirus surges. The Conference Board Consumer Confidence Index declined to 91.7 in July and then decreased to 84.8 in August. The Present Situation Index, which measures consumers’ assessment of the current state of labor and business, decreased significantly […]
How AI is Changing the Way Front Desk and Reservation Agents Work
Although we’ve relied on hotels and other means of lodging for centuries, that doesn’t mean this sector has no need to innovate. On the contrary, both boutique and chain hotels alike need to keep up with the times if they want to continue to attract guests. In other words, hotels have to find ways to […]