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What Drove Hotel Values to Decline in 2020?

The once-in-a-century pandemic has caused hoteliers to endure a firestorm that decimated the hotel and leisure industries. The growing COVID-19 cases across the U.S., as well as government restrictions on travel that further stress demand, continue to leave the hotel industry significantly behind pre-pandemic levels in terms of revenues, profitability and valuations. Gateway cities such

The Financial Impact of Hotel Renovations

This article explores what hoteliers should consider before renovating hotel properties, including the effect on occupancy and ADR, timing, ROI, and mandates imposed by franchise companies.

How Hoteliers Can Handle a Minimum Wage Jump

Hoteliers need to ready themselves for the possibility of wage increases and implement ways to mitigate the new costs of operation.

Cleveland a ‘city of choice’ for development

Hotel development in Cleveland is booming, thanks in part to the city winning the bid for the 2016 RNC, a new convention center and a surging health care sector.