The primary role of the F&B department is to enhance the overall profits of a hotel. Many claim hotels with F&B should maximize the department’s profit or lease income. Instead, maybe the departmental profit motive should be secondary.
French Polynesia has developed into the ultimate South Pacific destination, a ‘once-in-a-lifetime’ journey only affordable by a privileged few. Significant tax incentives are available to developers to encourage further development.
The Facts About Induced Demand
The real estate capital markets demonstrate a remarkable ability to change and adapt. Perhaps, the most significant example is the emergence of the Commercial Mortgage Backed Security (CMBS)...
As the national economy continues to rebound from the 2001 economic downturn, the hotel industry also follow this positive trend with impressive annual RevPAR growths, beginning in 2004.
Asset managers provide a wide range of management oversight, analysis, and support to hotel owners. The specific scope of services is tailored to each owner. Compensation is usually a flat fee or a fee that is a percentage of gross revenues.
Even More Spare Change In The Parking Couch...The Second Edition of a Three Part Series on Parking Asset Management Success
Since its inception, the economy segment has undergone a continual process of transition. Although most owners, operators and lenders take a “stick to the basics” approach, a problem arises when one attempts to define just what “the basics” are.
An inside look at one of the nation’s top hotel acquisition funds. Find out what they are looking for and what are they buying.
Staying ahead of guests in technology is as important as providing ultra comfortable bedding these days. This article explores how to impress your guests without spending a fortune.