An analysis of pre-layoff earnings indicates that ISHC
is not the only factor that determined wages in the semiconductor industry.
The results of the ISHC CapEx study, an eight-month research project in which historical information on 302 hotels was analyzed, present hotel lenders with a unique opportunity to reduce their risk exposure.
In the ISHC research, average CapEx for all hotels was 5.
Comparisons with other hotel industry data bases hotel showed the ISHC CapEx research sample to be an accurate reflections of hotels constructed in the United States over the past 50 years.
Belfrage, MAI, ISHC
, is the managing director for Integra Lorms & Belfrage of Columbus, Ohio.
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.
The ISHC found that full-service hotels typically operate on a 25-year life cycle, at the end of which massive renovation and rehabilitation expenditures are necessary to maintain the facility's (and the operating hotel's) competitive status.
The CapEx for replacements reported by ISHC exclude repairs and maintenance (R&M), which in the ISHC study average 4.
Mark Skinner, ISHC
is partner at The Highland Group is a national expert on extended stay lodging and corporate apartments.
Through research and education, ISHC members are committed to providing quality services and professionalism with integrity and ethics.
ISHC member expertise includes the major hospitality consulting areas of construction, development, facility design, financial, food and beverage, human resources, litigation, management, marketing, real estate, research and technology.
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.