Lenders who originated loans in 2006 and 2007 in the peak of the economic cycle should now be closely monitoring the performance of these loans to develop strategies to mitigate risk and exposure as economic conditions are now vastly different.
The Emerald City, in recent years thought to be recession-proof, has lost a bit of luster in the national economic downturn.
Downsizing, travel freezes, and facility closings have made the climate bleak for hotels in northern Delaware, but a slowdown in the introduction of new supply should help shore up penetration levels when business activity and demand growth resume.
Steve Rushmore's Monthly article in Lodging Hospitality
Steve Rushmore Monthly article in Lodging Hospitality.
With limited recent sales and survey data upon which to rely, capitalization and discount rates can be developed based on the current cost of capital. Suzanne Mellen, MAI outlines the approach.
Recession and the Canadian Hotel Industry - How Bad is RevPAR?
As part of the overall asset management strategy for a hotel asset, owners should certainly ask, “How can our sales and marketing efforts be more focused? Made more efficient and effective?”
Demand may be down, but hotels in this suburb of the Dallas/Fort Worth Metroplex are beating the curve with respect to the recession.
Shipping, health care, higher education, tourism, and the military are just some of the industries that diversify Charleston’s economy and help area hotels fare better than in most other markets during the recession.