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TakeUp Launches “Why This Rate” Feature to Deliver Pricing Transparency for Independent Hotels

Hospitality Tech

These models often lack the context and transparency revenue managers need to understand pricing decisions. The result is a fully integrated platform that empowers operators to streamline operations, drive revenue, and elevate the guest experience from pre-arrival through the on-property journey.

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Pebblebrook completes sale of Hotel Zoe Fisherman’s Wharf

Hotel Business

Pebblebrook Hotel Trust has closed on the sale of the 221-room Hotel Zoe Fisherman’s Wharf in San Francisco for $68.5 30, the hotel’s net loss was $1.2 million, its net operating income was $2.2 30, the hotel’s net loss was $1.2 million, its net operating income was $2.2

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Pebblebrook completes sale of Hotel Monaco Seattle

Hotel Business

Pebblebrook Hotel Trust has closed on the sale of the 189-room Hotel Monaco Seattle for $63.3 For the trailing 12 months ended March 31, the hotel’s net operating income was $1.6 million sales price reflecting a 30.7x net operating income capitalization rate. of total hotel revenues.

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Pebblebrook completes sale of Hotel Colonnade Coral Gables

Hotel Business

Pebblebrook Hotel Trust has closed on the sale of the 157-room Hotel Colonnade Coral Gables, Autograph Collection in Coral Gables, FL, for $63 million to a third party. 31, 2022, the hotel’s net operating income was $4.1 Based on the hotel’s operating performance for 2019, the $63 million sales price reflects a 15.4x

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Pebblebrook completes sale of Hotel Vintage Seattle

Hotel Business

Pebblebrook Hotel Trust has closed on the sale of the 125-room Hotel Vintage Seattle for $33.7 For the trailing 12 months ended March 31, the hotel’s net operating income was $800 thousand, and its hotel EBITDA was $1.1 million sale price reflecting a 31.0x net operating income capitalization rate.

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Pebblebrook completes sale of The Heathman Hotel

Hotel Business

Pebblebrook Hotel Trust has closed on the sale of the 151-room The Heathman Hotel in Portland, OR, for $45 million to a third party. 31, 2022, the hotel’s net operating income was $1 million, and its hotel EBITDA was $1.2 Based on the hotel’s operating performance for 2019, the $45 million sales price reflects a 10.7x

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Dual&Branded Motel 6/Studio 6 Hotel in Galveston, TX Listed for Sale

Hotel News Resource

The 114&key dual&branded Motel 6/Studio 6 in Galveston, Texas, is up for sale. Despite recent renovations, the property is underperforming, creating an opportunity for an experienced operator to increase revenue and net operating income.