Hotel Business is reporting on the forecast from the U.S. Travel Association that indicated all segments of travel will surge in the short term, despite inflation concerns. Pent up demand and consumer savings will drive the surge, though it remains unclear if recession fears will dampen expectations. Published by: Hotel Business Published date: June 2022
David Sangree, MAI, CPA, ISHC had the opportunity to attend the NYU International Hospitality Industry Investment Conference on June 6-7 at the New York Marriott Marquis. The following are some key highlights from the conference. ADR growth: The growth in ADR in 2022 has exceeded everyone’s projections for the industry. The actual ADR is above
Published by Mark Heschmeyer/CoStar News Published date: May 2022 Alpine Acquisition, which raised more than $100 million in a blank-check offering last fall, is ready to return that money to work backing former Great Wolf Resorts indoor water park executives with plans to open immersive entertainment destinations. The strategy is the latest example of how
Latest from CoStar News/Hotel News Now on the expected pandemic-related discounts for hotel sales the pandemic that never really materialized. Published by: Dana Miller/Hotel News Now Published date: October 2021 The level of distressed pricing that hotel investors expected to see during the pandemic hasn’t materialized, and hoteliers now must update their expectations. Jim Chu,
Great article from Cleveland.com’s Susan Glaser, with a quote from H&LA’s David Sangree, about whether governments should be in the hotel business, especially given the recent economic hardships resulting from the pandemic. Published by: Susan Glaser/Cleveland.com Published date: March 2021 Recent financial trouble involving the Hilton Cleveland Downtown Hotel raises a number of questions, none
David Sangree recently sat down for an interview with Fox 8 News to discuss the on-going uncertainty for hotels in Cleveland due to the pandemic. David gives his insight into when things may start to recover for the entire industry in the event a vaccine or effective treatment for COVID-19 is developed. Published by: Maia
As H&LA keeps abreast the continually changing impact of COVID-19 on the economy in general and hospitality sector in particular, we are sharing insights from industry experts and stakeholders with our clients and partners. The following article from CNN News discusses how 25% of hotel owners are struggling to pay their mortgages amid reduced travel.
In continued fallout from the COVID-19 pandemic, The Real Deal is reporting some hotels selling at deep discounts. As federal aid dries up, some hotels are also agreeing to costly financing options. Published by: The Real Deal/Staff Published date: July 2020 Cash-strapped hotel owners are selling properties at discounts and agreeing to sky-high interest rates with federal