NewGen Advisory Delivers Results During Pandemic Squeeze on Hotels and Housing

NewGen Advisory

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 […]

8 Factors to Consider with Hotel Conversions

Man and Woman with laptop evaluating job site

It’s true… the Covid-19 pandemic has dealt a major blow to the hospitality industry. With tourism stifled and convention centers abandoned, many hotel owners have put their hotels for sale at bargain prices. Enter the savvy real estate developers who understand the cost of construction and recognize the value in acquiring and then converting hotel […]

Why Hotel Conversion?

Hotel Under Construction

In 2019, hotels across the country experienced a tremendous bull run from the last recession. Capital was abundant, supply was plentiful, and demand was high. Enter the COVID-19 pandemic of 2020. The hotel industry halted abruptly with stay-at-home orders and nationwide lockdowns. Occupancy and revenue for hotels plummeted to record lows.  Many industries struggle to […]