In many distress hotels, the blame lies with the inept hotel management companies.
How To Get The Best Sales Price
Choosing the perfect vendor for a client is not a simple process, particularly if the purchaser is utilizing a previously unknown company. But after examining the financial stability, references and evaluating the product of a potential vendor, the
The components of a hotel investment, complete with an example of how such transactions are being conducted, are examined.
The lodging buzzword of the 1990s must be asset management. Many hotel companies are offering it. Most hotel owners need it. But very few people really know what it is.
Recently. the trade press has been buzzing with articles addressing the topic of hotel feasibility studies and whether they accurately portray the future operating results of a proposed hotel.
In forecasting revenues and expenses for a lodging facility, progressive hotel appraisal firms use a fixed and variable compenent model.
Hotel, motel and resort feasibility studies are used for many different purposes. Most studies assist in defining markets and justifying the demand for proposed projects.
Devolping a new hotel or motel typically requires a feasibility study verifying market demand and proving the project is economically viable.
Hotel overbuilding is a subject which has been frequently addressed by hotel and real estate professionals during the last few years.