In a critique of the Brookings Institution Research Brief on Convention Centers as Economic Development Strategy, the authors challenge the validity of the its findings and present an alternative view of the status of the convention center industry.
When taxes and lender criteria are considered, the estimated value of a hotel property can change. The effect of taxes, for instance, may well be to increase a potential buyer's bid for a given property.
In an earlier article (December 1995) the authors introduced two models that demonstrated the effects of taxes and tender criteria on a property's estimated value. Here's the proof of value for those two models.
At the birth of the republic, hotels had neither room keys or security. Today, while keys are being phased out, security is stronger than ever.
Low Interest Rates and High Demand for Hotel Assets Fuels Value Gains
Steve Rushmore's March 2000 Hotels monthly.
Steve Rushmore's February 2001 Hotels monthly.
Steve Rushmore June 2000 Hotels monthly.
A Crash Course In Cap Rates
Selecting a management company to run your hotel requires thorough due diligence. While a strong brand is important, there are many other issues that need to be considered during the selection process.