Remove Closing Remove Dining Remove Net Operating Income
article thumbnail

Ashford to sell Hilton Houston NASA Clear Lake for $27M

Hotel Business

The sale is expected to be completed in June and is subject to normal closing conditions. capitalization rate on net operating income or 23.6x capitalization rate on net operating income or 23.6x The company provides no assurances that the sale will be completed on these terms or at all.

article thumbnail

TakeUp Launches “Why This Rate” Feature to Deliver Pricing Transparency for Independent Hotels

Hospitality Tech

AI’s ability to process vast amounts of data can lead to more dynamic pricing strategies, resulting in meaningful improvements to net operating income but independent hoteliers have long struggled with black-box pricing models that leave them guessing about the logic behind rate changes. Agilysys Book with S.P.E.N.D.

Hotels 52
article thumbnail

DiamondRock acquires Chico Hot Springs Resort

Hotel Business

Chico was acquired from an individual owner-operator and is an independent resort, completely unencumbered by brand and management agreements. capitalization rate on 2022 net operating income (NOI). The $27-million purchase price for the 117-room, 153-acre resort represents an 8.1%

Resorts 52