HOTEL

Major Hotel Investment Sales in Q4

Heading into a new year, the U.S. commercial real estate industry finds itself in choppy waters amid fears of a recession, rising inflation, and interest rate hikes as market participants await a course correction. Challenges during 2022 including continued supply chain constraints, increasing labor costs and struggles in attracting talent are anticipated to endure through 2023. Combined with international and domestic geopolitical issues and market volatility, many believe during the near term, the U.S will experience a mild to moderate economic recession. Although inflation appears to have recently stabilized, it remains above seven percent, and the Federal Reserve has made clear its intent to continue raising rates until it sees a marked reduction in inflation nearer to its two percent target. Weakening fundamentals and higher cost of capital are anticipated to generally lower asset values. The good news is that for the most part, corporate finances are in good shape and having learned a lesson during the pandemic, employers will avoid extreme layoffs to avoid losing employees in a tight labor market. While consumer confidence is highly subdued, average household debt is low compared with the onset of prior recessions. Many anticipate that inflation will be significantly lower by the second half of 2023, setting the stage for falling interest rates and the beginning of a new cycle.

Recently the U.S. commercial property sector was spooked as two of the nation’s largest nontraded real estate investment trusts, namely the $69 billion Blackstone Real Estate Income Trust (BREIT) and the nearly $15 billion Starwood Real Estate Income Trust (SREIT), separately announced a limitation on withdrawals due to a surge in investor redemption requests that breached each REITs quarterly repurchase limit.  Although hospitality investments represent a small portion of each vehicle’s portfolio, many perceive the rush of investors seeking to liquefy assets

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HOTEL

30 Of The Best Black Friday And Cyber Monday Travel Deals For 2023

Planning a trip is half the fun, and people are busy booking winter travel for the upcoming months. According to a survey by vacation rental company Vacasa, 71% of winter travelers have already booked their travel for the season. Have you?

This weekend could be the opportunity to find a great deal for travel both during the holidays and in 2023, including on your favorite cruise line or preferred hotel brand. Here are some of the best Black Friday and Cyber Monday travel deals to save you major cash on hotels and resorts around the world.

Discounts for IHG One Rewards members

Known as “IHG’s Biggest Member Event” of the year, IHG One Rewards loyalty program members can save up to 10% off the already discounted “Advance Saver” and “Book Early and Save” rates between now and Dec. 2. They can also save up to 20% off the best available rate at participating Kimpton Hotels & Restaurants between now and Dec. 5. Members of the free-to-join loyalty program who have not downloaded the IHG app can also receive 1,000 bonus points for adding it to their device before Dec. 2.

Up to half off at Meliá Hotels International

With this deal, available from now through Nov. 29, Meliá Rewards members can save up to 50% off stays between now and the end of next year. With 390 hotels around the world, the Spanish hotel company has something for every traveler from city hotels

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HOTEL

12 Best Hotel Stocks To Buy Now

In this article, we will discuss the 12 best hotel stocks to buy now. You can skip our comprehensive analysis of the hotel industry, and go directly to the 5 Best Hotel Stocks To Buy Now.

The hotel industry is a branch of the hospitality sector that focuses on offering lodging services to clients. According to Statista, the global market for hotels and resorts reached its peak in 2019 at $1.52 trillion. The coronavirus (COVID-19) pandemic caused the market size to fall under $1 trillion in 2020 and 2021. The market was anticipated to be worth $1.06 trillion in 2022. According to Deloitte, there is an indication that some consumers are still adjusting to COVID while there has been a welcome uptick in activity across the industry. Consumers are also highly concerned about inflation and the cost of living, but these worries have not yet had a significant impact on their intentions to spend money on travel.

According to CBRE, inbound tourism will increase hotel demand in 2022 in the U.S., driven primarily by leisure travelers from Europe and the Asia-Pacific region. In 2022, resorts and all-inclusive vacation spots will continue to do well as travelers look for simplicity and price stability. The advantages won’t all be the same. Miami has benefited from the change in travel habits and is already doing 13% better than 2019’s summer revenue per available room (RevPAR). Greater benefits may accrue in 2022 for harder-hit markets like San Francisco and New York, where RevPAR is still down 61% and 56%, respectively, from 2019. Given rising construction costs and manpower scarcity, supply growth will generally continue to be low.

For the Hotel sector in the U.S., PWC foresees a more robust Q4. According to Warren Marr, US Hospitality & Leisure Managing Director

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HOTEL

Wyndham Hotels & Resorts and Palladium Hotel Group Sign Strategic Alliance to Expand Registry Collection Hotels with 14 All-Inclusive Resorts

PARSIPPANY, N.J., July 21, 2022 /PRNewswire/ — Wyndham Hotels & Resorts, the world’s largest hotel franchising company with more than 8,900 hotels in over 95 countries, and Palladium Hotel Group, one of the largest Spanish hotel companies, announced, today, a commercial alliance that will add more than 6,500 rooms to Wyndham’s Registry Collection. The 14 spectacular all-inclusive TRS Hotels and Grand Palladium Hotels & Resorts managed by Palladium Hotel Group are located in Mexico, Dominican Republic, Jamaica, and Brazil and will join Wyndham’s portfolio under a long-term agreement leveraging Wyndham’s extensive distribution and bringing Wyndham’s all-inclusive resort portfolio to 26 hotels.

TRS Yucatan Hotel – Riviera Maya, Mexico

“Expanding Registry Collection Hotels continues Wyndham’s global growth in the luxury space and grants more travelers access to new, preeminent experiences in some of the most remarkable destinations,” said Geoffrey A. Ballotti, president and chief executive officer of Wyndham Hotels & Resorts. “These unique, all-inclusive hotels are designed to ensure that guests – whether redeeming Wyndham Rewards points or booking directly – will enjoy an elevated vacation.”

“This agreement with a hotel company that has one of the greatest distribution capacities in the United States is a great pairing for us” – said Jesús Sobrino, CEO of Palladium Hotel Group – “This alliance is part of our commitment to the American market due to its proximity and great air connectivity with the Caribbean destinations where we operate. We are also very pleased to add synergies between our Palladium Rewards program and Wyndham Rewards®, recognized as one of the top loyalty programs in the industry. As a hotel management company, thanks to this agreement, we improve our value proposition to owners, as we add to it a great know-how and experience of operating all-inclusive resorts in the Caribbean.” 

Registry Collection Hotels is a selection

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