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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%

Resorts 52
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Improve Hotel Bottom Line with Hotel Profitability Analysis

eZee Absolute

Hotel profitability analysis is a multifaceted approach that considers revenue generation, cost management, and operational efficiency. Here’s how hotel profitability is determined Improve Operational Performance To improve your property’s operational performance the first thing you must do is address your guests’ pain points.

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Survey: NYU, EY offer CFO insights

Hotel Business

The three top concerns for hospitality CFOs and senior management include interest rates, the looming recession fears, and the state of the hospitality labor market.” Top two industry trends causing the most strain on hotel net operating income: 1. Labor shortage 2.

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10 Tips When Buying a Hotel

MBA Hotels

According to Hotel Management, “The hotel industry is predicted to grow comfortably through 2018 and for the next two years. Major renovations and PIPs require skills to manage timing and storage of product deliveries as well as managing potential cash flow shortfalls should the renovation take longer than expected.