hotel values
Hotel Values Moderate, Cap Rates Stable
Suzanne Mellen | January 28, 2020
Supported by lower interest rates, transaction activity held up during a year of uncertainty. This article addresses recent trends in hotel sales and capitalization rates, the course of hotel values since the last downturn, and the outlook for 2020. By Suzanne Mellen Despite increasing concerns about a global economic slowdown, the trade war, and geopolitical risks, the U.S. hotel transaction market remained healthy and active in 2019. According to preliminary data generated by Real Capital Analytics (RCA), total sales volume declined by 15%, from $43.6 billion in 2018 to $37.1 billion in 2019, though as will be illustrated, the declin...
Impact of Countervailing Forces on Hotel Values and Cap Rates
Suzanne R. Mellen | January 24, 2018
By Suzanne R. Mellen After more than five years of relative stability, new factors are at play in the hotel investment market that will affect hotel capitalization rates and values in a changing economic landscape. Hotel sales transaction activity declined in 2017, while cap rates continued to rise modestly, and hotel values held stable. The outlook for 2018, while uncertain because of the changing political and economic landscape, is more positive than a year ago due to the tax reform's favorable treatment of commercial real estate and a more optimistic business environment. This article presents recent trends and a sensitivity analysi...
Reality Check on Hotel Performance, Forecasts
Joel Ross | April 6, 2017
by Joel Ross Hotel values have been in decline, along with occupancy, while cap rates and supply rise; and it's not all Donald Trump's fault. Apparently at the Americas Lodging and Investment Summit and Hunter Hotel Investment Conference, once again, the story was the industry is fine, although slower. Everyone only wants to talk revenue per available room, not net operating income, and any decline in occupancy is now all President Donald Trump's fault. The American Hotel & Lodging Association touts its futile efforts to try to stop Airbnb, yet three of its young founders are on the Forbes billionaire list at $3.8 billion each and B...
2015 Hotel Investment and Finance Opportunities: Hotel Values and Brand Proliferation
Jim Butler | June 25, 2015
By Jim Butler and the Global Hospitality Group® Author of www.HotelLawBlog.com June 2015 Stephen Rushmore, Jr., President and CEO of HVS, speaks in the video about hotel values in the next few years, new development, and brand proliferation. Stephen spoke with David Sudeck, a senior partner in the JMBM Global Hospitality Group®, as part of our video interview series on hotel finance and investment opportunities in 2015. David Sudeck: We are at the 25th Annual Meet the Money® Conference 2015. I am happy to be here with Stephen Rushmore, President and CEO of HVS. Welcome, Stephen. Stephen Rushmore, Jr.: Good to be here. Thanks. David S...
Steady Cap Rates Support Strong Hotel Value Gains
HVS | January 30, 2015
By Suzanne Mellen, CRE, MAI, ISHC, FRICS Hotel values reached new peak levels in 2014, fueled by stellar hotel performance, and the availability and low cost of capital. Capitalization rates held steady as competition for quality assets remained strong. This article discusses these forces and presents data illustrating these trends. The strong performance of hotel assets continues to attract capital to our industry. Hotel values reached new peak levels and capitalization rates remained steady in 2014, fueled by hearty net income increases and a plethora of low cost, yet still disciplined, capital. This article, which is published bienni...
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