Hotel Business

FEBRUARY 29, 2024

The sale is expected to be completed in March and is subject to normal closing conditions. 31, 2023, the hotel’s net income was $2.3 million, its net operating income was $14.9 million and its hotel EBITDA was $16.7 capitalization rate on 2023 net operating income, or 12.3x

Net Operating Income 59

Net Operating Income Sales Process Sales Closing 59

Hotel Business

FEBRUARY 23, 2023

Pebblebrook Hotel Trust has closed on the sale of the 151-room The Heathman Hotel in Portland, OR, for $45 million to a third party. 31, 2022, the hotel’s net operating income was $1 million, and its hotel EBITDA was $1.2 net operating income capitalization rate.

Net Operating Income 52

Net Operating Income Sales Operations Closing 52

Hotel Business

JULY 18, 2024

Braemar Hotels & Resorts Inc. has closed on the sale of the Hilton La Jolla Torrey Pines for $165 million ($419,000 per key). capitalization rate on net operating income for the trailing twelve months ended March 31. Including anticipated capital expenditures of $40 million, the sale price represents a 7.2%

Net Operating Income 59

Net Operating Income Sales Closing Resorts 59

eZee Absolute

JUNE 5, 2023

Introduction In an industry as competitive and dynamic as hospitality, understanding the factors that drive profitability is crucial for the success of any hotel business. Improving your hotel’s bottom line starts with enhancing its profitability. But is it that easy to analyze the profitability of your property? Well, yes and no.

Net Operating Income 96

Net Operating Income Hotels Revenue Operations 96

Hotel Business

APRIL 29, 2024

has closed on the sale of the 85-room Hampton Inn Lawrenceville in Lawrenceville, GA, for $8.1 The sale price represented a 6% capitalization rate on trailing 12-month net operating income through March. The company also announced the transfer of its possession and control of the hotel properties securing the $180.7-million

Net Operating Income 69

Net Operating Income Sales Process Sales Closing 69

Hotel Business

APRIL 11, 2024

Sunstone Hotel Investors Inc. has entered into a definitive agreement with an affiliate of Hyatt Hotels Corporation to acquire the fee-simple interest in the 630-room Hyatt Regency San Antonio Riverwalk. Sunstone is acquiring the hotel for a gross purchase price of $230 million.

Net Operating Income 76

Net Operating Income Closing Branding Sales 76

Hotel Business

AUGUST 2, 2023

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 purchase price for the resort and adjacent ranch is $33 million.

Resorts 52

Resorts Net Operating Income Real Estate ROI 52

MBA Hotels

MAY 18, 2020

The hotel industry has had a major shock to its system due to COVID-19 pandemic. Whether this has changed your plans to sell or hold a hotel in portfolio, you will want to know these pricing strategies. In today’s world of freely available information to compare investment options, every hotel buyer comes fully informed.

Net Operating Income 52

Net Operating Income Hotels Revenue Market 52

SiteMinder

OCTOBER 9, 2023

What are hotel metrics? Hotel metrics, often referred to as key performance indicators (KPIs), are essential data points that hoteliers use to measure the performance and success of their establishment. Table of contents What should be included in hotel metrics? It offers insights into room demand and helps in forecasting.

Average Daily Rate 59

Average Daily Rate Average Length of Stay Occupancy Revenue 59

MBA Hotels

SEPTEMBER 12, 2018

Nationally, hotel performance is growing and the hotel transactions market is strong. According to Hotel Management, “The hotel industry is predicted to grow comfortably through 2018 and for the next two years. More likely to close than deals made directly between seller and buyer.

Net Operating Income 40

Net Operating Income Closing Average Daily Rate Hotels 40

Hotel Operations

MARCH 15, 2023

Jacob Messina, SVP of Technology & Innovation at MCR Hotels Artificial Intelligence (AI) is everywhere right now. We’re going to look at: This guide builds on my guide to hotel automation and is focused on hotel operators , though I hope other industry participants will find it useful as well.

Hospitality 59

Hospitality Hotels Operations Revenue 59