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Ashford Hospitality Trust Closes on Hotel Sale, Gives Asset Update

Lodging

announced that it has closed on the sale of the 85-room Hampton Inn in Lawrenceville, Georgia for $8.1 percent capitalization rate on trailing 12-month net operating income through March 2024. DALLAS, Texas—Ashford Hospitality Trust, Inc. million ($95,300 per key). The sale price represented a 6.0

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Pebblebrook Hotel Trust Closes Sale of Hotel Monaco Seattle

Lodging

BETHESDA, Maryland—Pebblebrook Hotel Trust announced that it closed on the sale of the 189-room Hotel Monaco Seattle in Seattle, Washington, for $63.3 For the trailing twelve months ended March 31, 2023, the hotel’s net operating income was $1.6 percent net operating income capitalization rate.

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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%

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Improve Hotel Bottom Line with Hotel Profitability Analysis

eZee Absolute

Profit and loss analysis allows hotels to closely monitor their expenses and identify areas where costs can be reduced or eliminated. Improve Net Operating Income NOI or net operating income is a crucial indicator that lets investors understand the estimated value of a property.

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10 Tips When Buying a Hotel

MBA Hotels

More likely to close than deals made directly between seller and buyer. You don’t waste time on a deal that will not close. Keep and nurture skilled employees When a hotel is running efficiently and has strong net operating income, most of the employees will be worth keeping.