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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.

Hotels 52
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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 purchase price for the resort and adjacent ranch is $33 million.

Resorts 52