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

Hotel Business

capitalization rate on net operating income or 23.6x Excluding the anticipated capital spend, the sale price represents a 5% capitalization rate on net operating income or 15.2x ” The pet-friendly hotel offers LUNA Restaurant and Bar for all-day dining, an outdoor pool, a fitness center and 14,892 sq.

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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.

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Mesa West originates $55M refi loan for Burton House Beverly Hills

Hotel Business

Improvements included the redesign of the guestrooms, the development of the Emerald Lounge, a new dining and social concept, updated entrances, revamped lobby, new fitness center and a 1,100-sq.-ft. This is evidenced by significant increases in both net operating income and occupancy since renovations were completed.

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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%