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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 of meeting and event space. When adjusted for the company’s anticipated CapEx, the sale price represents a 3.2%

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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. waking hours in the hotel room.

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Sunstone sells Hilton New Orleans St. Charles for $47M

Hotel Business

cap rate on 2024 hotel net operating Income. cap rate on hotel net operating income for 2024. cap rate on hotel net operating income for 2024. Charles for a gross sale price of $47 million, or approximately $187,000 per key. The sale price represents a 10.1x

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

Hotel Business

“This is evidenced by significant increases in both net operating income and occupancy since renovations were completed. We see even further upside as Seaview continues to season the asset.”

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AI for Hotels: A Guide to Artificial Intelligence for Hospitality Leaders

Hotel Operations

Hoteliers today are seeing a direct impact of revenue management systems on optimizing price and increasing Net Operating Income and the total incremental value created for hotel assets,” shared Mike Chuma, VP of Marketing, Engagement & Enablement at IDeaS. What is AI good at? Mike Chuma, VP, IDeaS “Five million.