hotel owners

/Tag: hotel owners

hotel owners

How Involved Are Hotel Owners in Property-Level Decisions?

Demian Hodari, Ph.D | November 6, 2018

By Demian Hodari, Michael J. Turner, Michael C. Sturman Hotel owners increasingly contract hotel management companies to operate their properties. While extensive research has examined management agreements to determine the balance of power between owners and management companies, little research has investigated the actual role that hotel owners play in property-level decision making. This is perplexing because management companies generally insist that hotel management agreements (HMAs) specifically stipulate that the owner should not seek to influence the hotel's general manager (GM). In other words, in exchange for their services, m...

What Does a Rising Interest Rate Environment Mean for Hotel Owners?

Stephen Gaylor | April 6, 2017

By Stephen Gaylor On Wednesday, March 15, 2017, the headline from the Economy section of the New York Times boldly announced that the "Fed Raises Interest Rates for Third Time Since Financial Crisis." This is the second time in three months that the Federal Reserve has raised rates, yet only the third time in the past decade. For those who do not deal with interest rates on a daily basis, it is important to note that the rate hikes which have recently taken place do not have a direct impact on the type of debt utilized to finance real estate, however, they do provide us with a glimpse of the future. Rates are going up, and they are like...

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