study called "CapEx" is the first definitive research on hotel capital expenditures in more than 50 years.
The New Office to be Led by Tony Jenkins MAI, CCIM, ISHC
We are beginning to see more distressed hotels coming to the marketplace, including several of these six completed sales, which were distressed hotels sold for banks," commented Lee Hunter, CHB, ISHC
and COO, Hunter Realty.
According to Stephen Fertig ISHC
, president of Hotel Consultants, the increase in labor costs can be attributed to the re-hiring of personnel laid-off during the recession, as well as changes in the profile of the typical hotel marketing department employee.
According to Patrick Ford, CCIM, ISHC
, editor of TransActions and president of HMBA's New England office, National Hotel Realty Advisors of Portsmouth, NH, the outlook for hotel real estate investment is the most optimistic in years.
In addition, Gregory Hanis, ISHC
, a well- respected hotel consultant, will outline the potential economic returns of a limited service hotel.
International Society of Hospitality Consultants, CapEx: A Study of Capital Expenditures in the US Hotel Industry (Memphis: ISHC
Mark Skinner, ISHC
is partner at The Highland Group is a national expert on extended stay lodging and corporate apartments.
With the subprime crisis and a difficult-to-read economy, financing has become one of the most important issues facing hotel owners in the coming year," said Bob Hunter, CHB, ISHC
, Hotel Investment Conference chairman, and President, Hunter Realty Associates, Inc.
Through research and education, ISHC
members are committed to providing quality services and professionalism with integrity and ethics.
1994 also will be remembered as a period of consolidation and major realignment in the hotel industry, during which brands and entire companies were taken over by well-capitalized investors," according to Patrick Ford, CCIM, ISHC
, CHB, editor of TransActions and president of HMBA's New England office, National Hotel Realty Advisors, Portsmouth, N.
The Spa at The Hotel Hershey will incorporate the elegant, clean lines of the Mediterranean style of The Hotel Hershey, as well as take generous advantage of views of the formal gardens," said Ron Lustig, AIA, ISHC
, principal design architect, ESa.