hotel investment
The Dynamic Demand Base Powering the Knoxville Lodging Market
Marc Greeley | April 8, 2024
By Marc Greeley Knoxville’s prime location, unique blend of attractions, academic institutions, and natural beauty has always made it a popular destination for tourists and business travelers. The city’s proximity to the Great Smoky Mountains National Park has benefited the market and region, as this is the most visited national park by a significant margin. Historically, the market mirrored many college towns, with a sturdy base of corporate demand fueled by businesses associated with and benefiting from the University of Tennessee, Knoxville. But over the last several years, growth at the university, the city’s location as a con...
High Cost of Borrowing Contributes to 19% Fall in European Hotel Transactions in 2023, Says HVS Report
HVS | April 3, 2024
03 April 2024, London: High inflation and interest rate rises had a major impact on the European hotel investment market last year, slowing transaction activity and taking volumes 19% lower than in 2022, the second lowest level of investment in the past decade, according to the HVS European Hotel Transaction Report from global hotel consultancy HVS London and its hotel brokerage arm HVS Hodges Ward Elliott. Transaction volume across Europe reached €10.7bn, with 388 hotels* changing hands – and an average price per hotel that was 9% lower than in the previous year, although significantly ahead of the transaction volume in the year...
Cornell Study Shows How Tax Reform Could Boost Hospitality Investment
AHLA | April 3, 2024
WASHINGTON (April 3, 2024) – The Tax Relief for American Families and Workers Act of 2024, H.R. 7024, could provide substantial tax relief to hotels across the country, incentivizing investments in renovations and property upgrades, according to a Cornell University study commissioned by the American Hotel & Lodging Association. The study, conducted by Cornell’s Center for Hospitality Research, highlights how hotels of all sizes and service levels stand to benefit from H.R. 7024’s provisions to extend 100% bonus depreciation and expand deductibility of business interest. The bipartisan bill to temporarily extend these provisi...
Hotel Investment in the Alps Heats Up
JLL | March 26, 2024
Climate change is driving record transaction levels in high-altitude, luxury hotels Long famed for its ski resorts, mountain towns in the French Alps have recently seen an uplift in investor interest. The Savoie and Haute-Savoie regions alone have seen hotel transaction volumes double over the past two years, breaking records with more than €800 million ($875 million) of hotel deals closed, JLL data shows. “Due to the warming climate, and limited new supply of ski resorts, more snow-sure locations at higher altitudes are commanding premium values,” says Matthieu Subit, JLL’s Vice President of Hotels and Hospitality for EMEA Cap...
35th Hunter Hotel Investment Conference Highlights Legacy in Hospitality With Fireside Chat Featuring Anthony Capuano, President & CEO of Marriot
Hunter Hotel Investment Conference | February 20, 2024
ATLANTA (February 20, 2024) – The Hunter Hotel Investment Conference (“HUNTER”) is thrilled to highlight the past and future icons of our industry with a session devoted to legacy as the event celebrates its 35th anniversary this coming March. The session will showcase a captivating fireside chat with Anthony Capuano, President and CEO of Marriott International, interviewed by Mitch Patel, CEO of Vision Hospitality Group. This intimate discussion, which combines the perspectives of a major brand leader with a seasoned hotel owner and developer, is one of the many additions to HUNTER’s 2024 program. Taking the HUNTER stage for...
H.I.G. Realty Establishes a €1 Billion Resort Hotel Platform in Southern Europe Under the Ella Hotels & Resorts Brand
H.I.G. Capital | February 6, 2024
LONDON--H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with $60 billion of capital under management, is pleased to announce that several of its affiliates have combined their hotel assets to create Ella Hotels & Resorts (“Ella”). Ella is a luxury, lifestyle and hotel group operating a collection of sustainable “eco-chic” resorts across Southern Europe. Following a phased development and refurbishment plan, Ella’s portfolio will be comprised of 13 hotels with a total of 4,500 rooms, located in five of Greece’s key tourist destinations. It is projected that Ella's current portfolio will command a ...
Global Hotel Investment Volume Will Accelerate in 2024, Exceeding the Previous Year by 15% to 25%
JLL | January 24, 2024
JLL’s 2024 Global Hotel Investment Outlook outlines the resilience and growth of the hotel sector as consumers continue to prioritize spending on travel CHICAGO, Jan. 24, 2024 – JLL’s Hotels & Hospitality Group has released their flagship Global Hotel Investment Outlook, which reveals that global hotel performance soared in 2023, reaching a full recovery. Though 2023 proved to be a challenging year for commercial real estate, marked by geopolitical tensions and capital market dislocation, the lodging industry demonstrated resilience, with RevPAR (revenue per available room) achieving a full recovery and surpassing 2019 levels b...
Hotel Finance: Sign Up Today for Meet the Money 2024!
Jim Butler | January 16, 2024
Early Bird registration is now available for Meet the Money® 2024. Click here to register with a $200 discount off the regular rate of $1,495. Meet the Money® 2024 will be May 6-8, 2024 at the Marriott Los Angeles Airport hotel. More information is available on www.MeetTheMoney.com. Register now to secure your spot for the hospitality industry conference focused on 2024 hotel finance, investment, and deal-making. About Meet the Money® For 30 years, Meet the Money® has created an energetic environment to forge relationships, negotiate deals, and gain an in-depth understanding of hotel investment and finance. Our national ...
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