At the same time, they found out what they can do to keep up and attract group business. Working Smarter Not Harder With accelerating wage growth and a tight job market, hear about the latest initiatives to hire, train and keep qualified employees at your hotel. Led by:. The opinions expressed in comments do not necessarily reflect the opinions of Hotel News Now or its parent company, STR and its affiliated companies. Moderated by:. Panelists and keynote speakers includes C-level executives from sucessful boutique hotels and other lifestyle brands like design, fashion and media.
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In its seventh year, the conference was relocated to Chicago from Washington, D. The event also offered a Hospitality Real Estate Showcase, where various brokers had an opportunity north american hotel investment conference discuss their businesses and some current listings. In addition, data about market metrics, financial availability, transactions, and supply and demand growth took center stage. Market Smith Travel and Lodging Econometrics presented their data on market metrics and pipeline, respectively. The details here are not surprising to. Supply growth is picking up and developers of new hotels are taking advantage of increasing availability of construction financing on more attractive terms.
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ALIS delegates attended panel discussions led by CEOs and C-Suite executives, seminars on hot development markets and investment prospects, countless networking opportunities, and roundtable discussions where industry leaders provided insight as to where the industry stands today, and more importantly, where the industry is headed. To kick off the opening day, keynote speaker Todd Buchholz, economist and former White House senior economic advisor, presented his view of the state of the American economy and projected how the hotel industry can contribute to bolster economic growth. Finally, after a great day of opening remarks, industry prognostications and networking, ALIS welcomed Jay Leno to the main stage for some laughs. LIVE, plenty of activity was also occurring outside. Shatterproof is a national organization committed to protecting our loved ones from addiction to illicit and prescription drugs and alcohol.
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In americsn seventh year, the conference was relocated to Chicago from Washington, D. The event also offered a Hospitality Real Estate Showcase, where various brokers had an opportunity to discuss their businesses and some current listings. In addition, data about market metrics, financial availability, transactions, and supply and demand growth took center stage.
Market Smith Travel and Lodging Econometrics presented their data on market metrics and pipeline, respectively. The details here are not surprising to. Supply growth is picking up and developers of new hotels are taking advantage of increasing availability of construction uotel on more attractive terms.
While supply growth is expected to be amerivan 0. Almost all of the new deals included are in the construction or final ameriican stages. That tells us that will see the impact of greater supply growth in to Most 66 percent of the rooms under construction are in the upscale and upper midscale segments. Demand continues to chug along at a growth rate in the low 2 percent ihvestment. This is expected to continue through ADR growth will be about xonference percent this year and slightly higher next year.
All this is leading to RevPAR growth in the mid 5 percent range this year and closer to 6 percent next year. What this tells us is that we are in the comfortable part of the cycle. Barring an external event, occupancy growth is projected to slow slightly, while ADR growth should continue. This translates to better overall operating metrics, driving more NOI growth for the foreseeable future. Capital Debt for cash flowing deals continues americsn be readily available on very favorable terms.
Commercia invesrment security CMBS loans are the most popular now as they provide the greatest proceeds at the lowest rates. Loan-to-value ratios LTVs are inching up above 70 percent on solid deals, and originators are issuing term sheets with high 4 percent to low 5 percent interest rates.
Sizing is done on debt yields from 10 to Combined with 25 to year amortization schedules and greater flexibility on non-economic terms, it is the common view that owners should take advantage of the market and refinance assets to lock in longer-term favorable debt. HVS Capital has also been successful lately at closing structured debt deals that include very attractive senior debt pieces combined with mezzanine debt, resulting in excellent proceeds at a low overall cost of capital. Not a single panelist said we have gotten to that point.
All agreed that we are certainly seeing more aggressive terms generally, but that underwriting remains conscientious. Unfortunately, the market conferencce smaller bridge loans remains. Getting any transitional deals across the finish line requires strong, experienced sponsorship, a good story, a low cost basis, and a market demonstrating trends in the right direction. Buyers are scouring the top markets for values, but are also moving down to tertiary or lower markets seeking product.
So, the overall tenor remains positive, without the irrational exuberance we saw at the top of the last conferrnce. Sign in. Log into notrh account. Forgot your password? Privacy Policy. Password recovery. Recover your password. Get help. Is the Industry Upcycle Ending? STR: U. Hotel Results for Week Ending September Most North american hotel investment conference. The Board of Directors has Our View.
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Ravi Patel, President, Hawkeye Hotels. The event attracts marketers, revenue managers, and sales leaders at brands, management companies, ownership groups, and resorts. Find out how you can overcome tech limitations at the north american hotel investment conference desk, in the back office and before, during and after a hotel stay. Each year, more than 1, industry pros flock to the event for expert panels, respected speakers, and unique networking opportunities. With accelerating wage growth and a tight job market, hear about the latest initiatives to hire, train and keep qualified employees at your hotel. The above is a news release written by a third party. By the end, properties can adjust to shifting priorities amongst hotel guests and event planners.
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