This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
19, 2025, it completed the sale of the 410-room Westin Washington, D.C. The sales price represents an 11.2x percent capitalization rate on 2024 hotel netoperatingincome, or a capitalization rate of 5.6 The sales price represents an 11.2x City Center for a contract price of $92.0
NEW YORK—MCR announced it has completed the sale of the 100-room Residence Inn by Marriott Philadelphia Langhorne located in Langhorne, Pennsylvania for $22.1 By completing its business plan, MCR doubled the hotel’s netoperatingincome throughout its ownership. million, or $221,000 per key.
BETHESDA, Maryland—Pebblebrook Hotel Trust announced that it closed on the sale of the 189-room Hotel Monaco Seattle in Seattle, Washington, for $63.3 For the trailing twelve months ended March 31, 2023, the hotel’s netoperatingincome was $1.6 million sales price reflecting a 30.7x million to a third party.
announced that it has completed the sale of the 252-room Hilton New Orleans St. Charles for a gross sale price of $47 million, or approximately $187,000 per key. The sale price represents a 10.1x percent cap rate on 2024 Hotel NetOperatingIncome. ALISO VIEJO, California—Sunstone Hotel Investors, Inc.
announced that it has closed on the sale of the 85-room Hampton Inn in Lawrenceville, Georgia for $8.1 The sale price represented a 6.0 percent capitalization rate on trailing 12-month netoperatingincome through March 2024. DALLAS, Texas—Ashford Hospitality Trust, Inc. million ($95,300 per key).
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 netoperatingincome was $2.2 30, the hotel’s net loss was $1.2 million, its netoperatingincome was $2.2
Including anticipated capital expenditures of $7 million, the sale price represents an 8.1% capitalization rate on netoperatingincome for the trailing 12 months ended May 31. “We are pleased to announce the planned sale of the Marriott Seattle Waterfront,” said Richard J.
The sale is expected to be completed in June and is subject to normal closing conditions. The company provides no assurances that the sale will be completed on these terms or at all. When adjusted for the company’s anticipated CapEx, the sale price represents a 3.2% capitalization rate on netoperatingincome or 23.6x
The sale is expected to be completed in January and is subject to normal closing conditions. The company provides no assurances that the sale will be completed on these terms or at all. When adjusted for the company’s anticipated capital expenditures, the sale price represents a 5.9% Ashford Hospitality Trust Inc.
The hotel is currently absentee&owned and operated by a third&party management company. A more hands&on owner or operator could improve the hotels operations by reducing expenses and increasing the netoperatingincome (NOI).
completed the sale of the 252-room Hilton New Orleans St. Charles for a gross sale price of $47 million, or approximately $187,000 per key. The sale price represents a 10.1x cap rate on 2024 hotel netoperatingIncome. cap rate on hotel netoperatingincome for 2024.
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 netoperatingincome was $1.6 million sales price reflecting a 30.7x netoperatingincome capitalization rate. million to a third party.
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 netoperatingincome was $4.1 Based on the hotel’s operating performance for 2019, the $63 million sales price reflects a 15.4x
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 netoperatingincome was $800 thousand, and its hotel EBITDA was $1.1 million sale price reflecting a 31.0x netoperatingincome capitalization rate.
multiple and a 10% capitalization rate on the property’s hotel EBITDA and netoperatingincome for the 12 months ended Feb. “We are pleased to have completed the sale of Fairmont Dallas, which opened in 1969 and which we acquired in 2011 for $69 million,” said Marcel Verbaas, chair/CEO, Xenia.
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 netoperatingincome 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
For the trailing twelve months ended March 31, 2023, the hotel’s netoperatingincome was $1.6 million sales price reflecting a 30.7x netoperatingincome capitalization rate. million, and its Hotel EBITDA was $2.1 million, with the $63.3 EBITDA multiple and a 2.5%
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 netoperatingincome.
The sale is expected to be completed in March and is subject to normal closing conditions. The company provides no assurances that the sale will be completed on these terms or at all. 31, 2023, the hotel’s netincome was $2.3 million, its netoperatingincome was $14.9 2023 hotel EBITDA.
has closed on the sale of the Hilton La Jolla Torrey Pines for $165 million ($419,000 per key). Including anticipated capital expenditures of $40 million, the sale price represents a 7.2% capitalization rate on netoperatingincome for the trailing twelve months ended March 31. Braemar Hotels & Resorts Inc.
The 77&key Sonesta Essential Hotel at Baton Rouge Airport is up for acquisition, offering a profitable opportunity for a hands&on owner/operator to restructure the hotel's operations, improve revenues, and increase netoperatingincome.
The hotel offers a value&added opportunity for a new owner to restructure operations to boost netoperatingincome. The 135&key SureStay by Best Western Beaumont, a limited&service hotel located in the Beaumont&Port Arthur metropolitan area in Southeast Texas, is up for acquisition.
on the sale of the 144-room Residence Inn Salt Lake City Cottonwood to the PEG Companies for $19.2 When adjusted for the anticipated capital expenditures, the sale price represented a 4.6% capitalization rate on 2023 netoperatingincome, or 18.2x RobertDouglas has advised Ashford Hospitality Trust Inc.
on the sale of the 144-room Residence Inn Salt Lake City Cottonwood to the PEG Companies for $19.2 When adjusted for the anticipated capital expenditures, the sale price represented a 4.6% capitalization rate on 2023 netoperatingincome, or 18.2x RobertDouglas has advised Ashford Hospitality Trust Inc.
ROS The third ratio is ROS or Return on Sales and is used to calculate the average profitability a business has made in relation to its sales revenue. You can calculate the ROS of your hotel by dividing the operating formula by the netsales and multiplying it by hundred. Labor is one such area.
has closed on the sale of the 85-room Hampton Inn Lawrenceville in Lawrenceville, GA, for $8.1 The sale price represented a 6% capitalization rate on trailing 12-month netoperatingincome through March. Ashford Hospitality Trust Inc. million ($95,300 per key). appeared first on hotelbusiness.com.
Inclusive of the incentives offered by Hyatt, the net purchase price implies a value of approximately$352,000 per key and represents an 11.1x multiple on the midpoint of the company’s estimate of 2024 hotel EBITDA and an 8% capitalization rate based on the midpoint of projected hotel netoperatingincome.
Asking too high of a price relative to current market expectations, gross revenues, and netoperatingincomes will simply mean hotel buyers will ignore the offering. Buyers consider room revenue, netoperatingincome, price per key, age, condition, market factors, and PIP costs, when they evaluate potential hotel investments.
capitalization rate on 2022 netoperatingincome (NOI). The adjacent ranch, a 595-acre parcel purchased for approximately $6 million, provides on-site trails for hiking and horseback riding as well as potential for future expansion of the resort or residential lot sales. The company expects Chico will generate a 10.5%
Top two industry trends causing the most strain on hotel netoperatingincome: 1. The industry is adapting to meet challenges by adjusting amenities, outsourcing more and increasing reliance on technology. Labor shortage 2. Top three factors impacting transactions in 2023: 1. Interest rates 2.
AIâs ability to process vast amounts of data can lead to more dynamic pricing strategies, resulting in meaningful improvements to netoperatingincome but independent hoteliers have long struggled with black-box pricing models that leave them guessing about the logic behind rate changes.
Revenue per available room (RevPAR) combines the occupancy rate and ADR to give a comprehensive view of both room sales and revenue. Guest satisfaction metrics, such as Net Promoter Score (NPS) and online reviews, gauge guest experiences and areas of improvement.
Have more motivated sellers- an owner offering an “off market” hotel for sale is typically less motivated to sell and has no open market check on value. Keep and nurture skilled employees When a hotel is running efficiently and has strong netoperatingincome, most of the employees will be worth keeping.
For example, you might have set a goal of achieving 300 room night sales in the month of May. TrevPAR – Total revenue per available room takes into account all the revenue from your property, not just your room sales. Your KPI would be how many room nights you have sold at any point during May.
Hoteliers today are seeing a direct impact of revenue management systems on optimizing price and increasing NetOperatingIncome and the total incremental value created for hotel assets,” shared Mike Chuma, VP of Marketing, Engagement & Enablement at IDeaS.
We organize all of the trending information in your field so you don't have to. Join 19,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content