Part 1: These Are Funny Looking Financial Statements Among the questions we’re commonly asked is why hotel financial statements look different. The simple answer is that they reflect the actual operations of a hotel [...]
One of the unique aspects of hotels is that in addition to being a real estate asset, they are also operating businesses. The daily performance of each moving part of a hotel directly impacts [...]
Working with local municipalities is a key part of the hotel development process. Establishing strong relationships with key players at the local level can streamline entitlements and permitting, ensure a smooth working relationship, potentially [...]
Now that we have covered location, brand selection, financing, and development, the last major component of a hotel is operations. After all, you’re not just building an asset, it will be a 24/7 functioning [...]
In the first three posts of this series we reviewed location, brand selection, and financing the project. Now we move into the heart of the hotel development process. Development Getting through site selection, brand [...]
In the first two posts of this series, we reviewed the key aspects of location and brand selection. We now turn to how to finance a hotel development. Financing Once a site has been [...]
In the first post of this series, we reviewed selecting the ideal location for your hotel. We now turn to identifying the appropriate brand. Although operating as an independent hotel is an option (more [...]
The hotel development process is different from developing other types of asset classes because hotels are operating businesses and as such, a sophisticated operator can be required to maximize performance and asset value. This [...]
Understanding Underlying Synergies is Key to the Evolving Hotel-Retail Real Estate Relationship As with Part I, this article is based on a recent interview with Marc Potash of the San Diego-based hotel management company Sea [...]
What Retail Real Estate Should Know About This Emerging Space Use As retail real estate locates closer to and/or incorporates other property types, the shopping center industry is carefully considering the synergies between retail [...]