In The News
How Smart Hotel Owners Work Property Improvement Plans into Exit StrategiesStephen Siegel – 11/23
“The greatest mistake many operators are making today is failing to bring these concerns to their branded partners for fear of an adverse reaction. For example, just because a hotel guestroom’s soft goods are 6 years old, does it need to be replaced within the next cycle, typically seven years, on a select-service asset? In most cases, considering the lower guest activity during the height of the pandemic, keeping them is worth consideration.”
Construction Insights: Hoteliers continue to learn development lessonsStephen Siegel – 08/23
“The return to high interest rates is the most recent trend influencing hoteliers’ development decisions, but ownerships have as much reason for positivity in the current climate.”
Hotel Property Improvement Plans Are Back: Why Hoteliers Are Embracing ThemStephen Siegel – 08/23
“Hoteliers have many reasons to delay or defer investing in a property improvement plan, or PIP, but a shaky economy is at the top of the list.”
Hoteliers Continue To Learn Development Lessons Amid Hospitality’s RecoveryStephen Siegel – 05/23
“Owners should drive to push for projects to be finished, not further delays, even amid the rising cost of debt and uncertainty about a potential economic recession on the horizon. ”
Defining Hospitality Podcast — Hospitality with a Higher PurposeShannon Seay – 03/23
“To me, hospitality is placemaking.”
Development efforts charge headlong into renovationsStephen Siegel – 03/23
“It’s refreshing to watch developers and operators alike take a deep breath as they survey the landscape as it has emerged—changed, possibly forever, but stable. Fortunately, the hotel industry is used to adapting to new things, and it’s time to get to work.”
A Familiar Position: How Hoteliers Are Approaching Development With Interest Rates on the RiseStephen Siegel – 08/22
“Finding ways to plan around the increased cost of debt will require hoteliers to monitor their costs very closely over the next six to eight months. Success at this point is determined by how well you can time your reentry into construction.”
Beyond The Spa: Cultivating Wellness in HotelsShannon Seay – 07/22
“Business, leisure, and the newly-dubbed bleisure travelers are seeking opportunities to incorporate wellness into their routines and subsequently, are looking for hotels offering elevated wellness amenities.”
How investors can find opportunities in today’s marketStephen Siegel – 06/22
“During the due diligence phase, some challenges are not always easy to discover and identifying them requires detailed investigation of a hotel’s physical condition, historic capital expenses and understanding costs of the anticipated planned improvements.”
Analyzing Assets: How Investors Can Find Opportunities in Today’s Hotel MarketStephen Siegel – 04/22
“Buyers should hire the right consultants who have knowledge of the market and others who can fully examine the asset as well as perform focused inspections. While this is not always popular with the seller, it is an important part of the due diligence effort, and excessive pushback can alert buyers to the potential of a hidden pitfalls within the asset.”
Hotel Construction Gains Steam, But Investors Must Account for Supply-Chain, Labor IssuesStephen Siegel – 10/21
“Teams of contractors used are from all over the country, not just local, and because of the lower hotel occupancies right now, the company can give them rooms on-site or at extended-stay properties .”
Why hotel brands, owners can’t afford to delay PIPsStephen Siegel – 07/21
“By and large, hotel brands have accommodated owners’ needs during the pandemic with regards to PIPs .”
Why Hoteliers Can’t Avoid PIPs in 2021Stephen Siegel – 06/21
“Throughout the dog days of the pandemic, brands gave hotels the flexibility to avoid some of the more costly aspects of renovations.”
Here’s why the clock is ticking for hotel development in 2021Stephen Siegel – 02/21
“With many construction and renovation projects from early 2020 still postponed until more concrete economic recovery takes off, timing is everything”
2021 Development Expectations Will Exceed AvailabilityStephen Siegel – 01/21
Risks Remain for Hotel Owners Willing to Dive Back Into Development