- Limited Service and Boundless Determination
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In December 2003, Jeff Roberts, CCIM, president of Roberts Properties LLC in Muskogee, Okla., purchased his first hospitality property, the Holiday Inn Express in Tahlequah, Okla. Never in the company's 27 year history had it worked with this type of
- Haute Hospitality
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Oh those luxury destinations New York, London, Cairo ... and Indianapolis? Yes, according to Hilton Hotels Corp., which just opened the $100 million, 243 room Conrad Indianapolis, the newest addition to its luxury brand. Or, what about checking into the
- Investment Profile: In the Lap of Luxury
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It’s hard to find an unhappy hotel owner, developer, or investor at any level this year. Global travel and tourism topped $6 trillion in 2005, growing 5.7 percent, and 4.2 percent annual growth is forecast for the next 10 years,
- Checking Inn on Hotels
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Amid the eighth year of the second longest economic upswing on record, the hotel industry has begun meaningful reductions in development that are preparing the industry for a more moderate, less volatile, and softer future economic landing than envisioned earlier
- Birth of a Boutique Hotel
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With modern designs, personalized attention, and unique amenities, boutique hotels offer an alternative to hotel chains for travelers — and developers. Growing affluence, greater mobility, and sophisticated tastes have increased this niche property's popularity, creating opportunities for commercial real estate
- A Hospitable Future
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Early philosophers believed that ground already covered was the best indicator of what lies ahead. And while the ancient Greeks saw themselves walking backward in time, today’s economic forecasters crunch the numbers from the past decade or two to plot
- The Inn Crowd
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As the hospitality sector wobbles toward recovery, investors are taking notice. Last year they spent more than $6 billion on hotel properties, with the average price per room nearing $118,000, according to Jones Lang LaSalle Hotels. Large companies are disposing
- The Lodging Market Looks Ahead
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Just a short time ago investment in hotels and resorts was relatively straightforward — lodging industry fundamentals were positive and cheap debt was abundant. Lodging, the then darling of the financial and investment markets, provided a premium return over more
- Resort Report
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As leisure time becomes a priority for more Americans, the resort property market continues to expand, generating many commercial real estate opportunities. However, the definition of resort isn't always clear cut. Some classify any hotel located within the tourist area
- The Sleeping Sector
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The hospitality industry's struggle to regain some semblance of normalcy after the events of September 2001 is compounded by the travel industry, which is suffering through the worst short term prospects since the Persian Gulf War. The U.S. lodging industry
- Hospitality is Hot
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While tourist destinations offer a wide variety of packages for those hoping to soak up some sun, the heat is on in Mexico’s hospitality industry. With new resorts popping up in smaller, lesser known towns, the country hopes to increase
- Hospitality's #1 Pick
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When Choice Hotels International wanted to grow its Comfort Inn brand of limited service hotels, the company found few primary cities where the chain didn't already exist. Rather than building more hotels in submarkets where it was represented, Choice Hotels
- Waiting for a Wake-Up Call
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The ongoing economic sluggishness, compounded by military action abroad, continues to take its toll on the hospitality industry. Luxury and first class properties in destinations that rely on commercial travelers, air arrivals, and international visitors face room rate integrity issues,
- Multi-Service Properties Trend
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- Checking In With Hospitality
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The hospitality market continues to recover faster than anticipated, but some sectors continue to lag and headwinds are gathering.
- Hotel Reservations
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It’s a sign of the new normal that North Dakota has been the top market in hotel performance for the past two quarters, according to Marcus & Millichap. It scored 114.0 compared to the U.S. average of 104.2, when measuring
- Lodging Industry Rebounds
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Operating metrics in the lodging industry have rebounded smartly from the 2009 cycle bottom and have already or are close to exceeding pre recession peaks. Revenue per available room, or RevPAR, ran at a record high $68.69 in 2013 according
- U.S. Hotel Market: An Overview
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Demand is high and fundamentals are strong — for now.
There's an imbalance in the hotel segment right now, but it's benefiting investors and hotel owners. Demand is far outpacing supply. That simple dynamic has built a strong hotel segment across the United States, and it continues to gain steam in many of th
- Room for Growth
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Ermengarde Jabir, Ph.D., with Moody’s Analytics, discusses how the hospitality sector is on the mend after a prolonged period of stead uncertainty.
- Safe Travels
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Rick Garlick, vice president at Magid, details how trust is crucial to hospitality rebuilding business and attracting customers back to imperiled properties.
- Market Trends in Commercial Real Estate
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Medical Office Looks for Reopening Rebound | USDA Sees Little Movement on Land Values | Nearly 5 of 6 NYC Restaurants Unable to Pay Full Rent in July | Hotels Forecasted to Lose $75B in Revenue | School Year Starts with Plenty of Vacant Student Housing | Chicago Eyes Mixed-Use Projects to Boost Struggling Communities | Warehouse in Demand in Markets Large and Small | Data Centers Attract Interest Despite Overall Instability
- Room for Recovery
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The hospitality sector was devastated in 2020, but vaccinations, industrywide efforts, and returning demand are reasons for hope.
- Room to Grow
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Riding a decade of growth in occupancy and revenue, the hospitality sector remains attractive to investors, despite warning signs. But exciting growth numbers are tempered with a matching underlying concern: How long can this last? And what challenges might be ahead?
- Southern Hospitality
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As the hotel and travel industries are
continuing to recover amid COVID-19, Georgia offers an interesting peek at
primary and secondary hospitality markets.