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Ashford Hospitality Trust Closes on Hotel Sale, Gives Asset Update

Lodging

percent capitalization rate on trailing 12-month net operating income through March 2024. All the net proceeds from the sale will be used for general corporate purposes including paying down the company’s strategic financing. DALLAS, Texas—Ashford Hospitality Trust, Inc. million ($95,300 per key).

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MCR Completes Sale of Residence Inn by Marriott Philadelphia Langhorne

Lodging

By completing its business plan, MCR doubled the hotel’s net operating income throughout its ownership. Since the beginning of 2023, MCR has completed a series of dispositions totaling seven hotels for gross proceeds of $174 million, or $210,000 per key.

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Pebblebrook Hotel Trust Closes Sale of Hotel Monaco Seattle

Lodging

For the trailing twelve months ended March 31, 2023, the hotel’s net operating income was $1.6 percent net operating income capitalization rate. Based on the hotel’s operating […] The post Pebblebrook Hotel Trust Closes Sale of Hotel Monaco Seattle appeared first on LODGING Magazine.

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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

Improve Net Operating Income NOI or net operating income is a crucial indicator that lets investors understand the estimated value of a property. Minimizing operational expenses will indirectly lead to maximized NOI.

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Survey: NYU, EY offer CFO insights

Hotel Business

Sean Hennessey, associate professor, NYU SPS Tisch Center of Hospitality, and a contributor to the report, added, “Although recessionary fears and unfavorable interest rates may dampen transaction activity, survey respondents remained confident that the improving operational trends will sustain the lodging sector’s trend of profit improvement.”

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10 Tips When Buying a Hotel

MBA Hotels

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. More likely to close than deals made directly between seller and buyer. You don’t waste time on a deal that will not close.