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Full-Service vs. Limited-Service Hotels; Key Performance Insights

Belza

This ensures that our team possesses the expertise needed to increase net operating income and reduce marketing costs for all the hotels we represent. Bezla’s hotel revenue management experts undergo not only brand-specific training but also complete Bezla’s extensive training program.

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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.

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SureStay Plus by Best Western Beaumont Hotel in Beaumont, TX Listed For Sale

Hotel News Resource

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. The hotel offers a value&added opportunity for a new owner to restructure operations to boost net operating income.

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Ashford Trust sells Georgia Hampton Inn for $8.1M

Hotel Business

The sale price represented a 6% capitalization rate on trailing 12-month net operating income through March. All of the net proceeds from the sale will be used for general corporate purposes including paying down the company’s strategic financing. Ashford Hospitality Trust Inc. million ($95,300 per key).

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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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Hotel metrics: How to measure performance in the hotel industry

SiteMinder

For instance, a consistently high occupancy rate might indicate effective marketing strategies, while low guest satisfaction scores could point to potential issues in service quality or amenities. GOPPAR – Gross operating profit per available room measures the distinction between your profit and available rooms.

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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. It will make your life easier without sacrificing customer service. To know which loan programs can finance renovations and PIP costs, go to [link].