Adapting to the Times
Mergers & Acquisitions have been a hallmark of business for centuries, but in particular the last forty years. In our industry M&A activity has picked up most notably with the 2016 acquisition of Starwood [...]
Hospitality Sustainability Efforts Will Save the World!
Okay, that may be a bit of a reach but let’s face it, hospitality is one of the largest industries in the world and the steps we take can have an enormous impact on [...]
Motivating Teams: A Discussion on Trust
Hospitality is a team endeavor and one of the most important things in dealing with a team is the element of trust. While seemingly a simple matter, one of the things that sets teams [...]
Negotiating a Hotel LOI
Buying a hotel is a prolonged, multi-step process. Among the many steps of a hotel acquisition process are identifying an asset, getting to the owner, and arranging financing. Once you settle on a hotel, [...]
Motivating Teams: A Discussion on Leadership
One of the incredible things about the hospitality industry is that teamwork is truly at the center of our success. No one person can succeed on his or her own be it in hotel [...]
Primer on Reading Hotel Financials: Increasing Asset Value Is The Name Of The Game
Part 3: Increasing Asset Value Is The Name Of The Game Now that we have covered Operating Revenue, Departmental Expenses, Undistributed Expenses, and GOP, let’s determine how we use the hotel financial statement to [...]