Alex Barreira’s Post

Austin Hotel Occupancy Rates Top All Texas Metros Marcus & Millichap published its Midyear 2024 Austin Hospitality Market Report.    “Austin’s hotel market continues to show resilience despite recent supply pressures, maintaining one of the highest occupancy rates in Texas,” stated Marcus & Millichaps Allan Mille. Marcus & Millichap’s Austin Hospitality Midyear 2024 report provides investors with insight and analysis on the current state of the Austin hospitality market, including: Austin led major Texas markets with a 67.4% occupancy rate, surpassing the 2000-2019 average, despite new hotel openings. A 4% rise in the average daily rate (ADR) lifted luxury hotel pricing, with the metro’s ADR reaching $173.83, among the highest in […] Gillian Executive Search recruiters in construction management, real estate development, architecture

Austin Hotel Occupancy Rates Top All Texas Metros Marcus & Millichap published its Midyear 2024 Austin Hospitality Market Report.    “Austin’s hotel market continues to show resilience despite recent supply pressures, maintaining one of the highest occupancy rates in Texas,” stated Marcus & Millichaps Allan Mille. Marcus & Millichap’s Austin Hospitality Midyear 2024 report provides investors with insight and analysis on the current state of the Austin hospitality market, including: Austin led major Texas markets with a 67.4% occupancy rate, surpassing the 2000-2019 average, despite new hotel openings. A 4% rise in the average daily rate (ADR) lifted luxury hotel pricing, with the metro’s ADR reaching $173.83, among the highest in […] Gillian Executive Search recruiters in construction management, real estate development, architecture

Austin Hotel Occupancy Rates Top All Texas Metros Marcus & Millichap published its Midyear 2024 Austin Hospitality Market Report.    “Austin’s hotel market continues to show resilience despite recent supply pressures, maintaining one of the highest occupancy rates in Texas,” stated Marcus & Millichaps Allan Mille. Marcus & Millichap’s Austin Hospitality Midyear 2024 report provides investors with insight and analysis on the current state of the Austin hospitality market, including: Austin led major Texas markets with a 67.4% occupancy rate, surpassing the 2000-2019 average, despite new hotel openings. A 4% rise in the average daily rate (ADR) lifted luxury hotel pricing, with the metro’s ADR reaching $173.83, among the highest in […] Gillian Executive Search recruiters in construction management, real estate development, architecture

"New York City has lost 6,000 total hotel rooms since 2019, with 3,000 of those lost in Manhattan, according to brokerage JLL. Responsibility for the loss can be attributed to many factors, including to the 16,000 rooms — 9,000 in Manhattan — that were converted to migrant housing. But talking with industry insiders shows a far more complicated reality, with signs of concern abutting an 87.2 percent hotel occupancy level in Manhattan, according to PwC — never mind 8,000 new hotel rooms in the pipeline." Here's my look at the current state of NYC hotels - thanks to Shimon Shkury, Mitchell Hochberg, Kevin M. Davis, Ian Dunford, and G. Lamont Blackstone, CRX for talking with me about this important and ever-evolving topic. https://lnkd.in/gc6AXY-p

“We predict the hotel construction outlook will remain weak in the near term, as investors focus on acquiring existing hotels at discounts to replacement costs,” said Alan Reay, Atlas Hospitality’s president. Atlas Hospitality Group Alan Reay Read more- https://lnkd.in/g_yQYsBA   #HotelIndustry #ConstructionOutlook #RealEstateInvesting #HotelAcquisitions #MarketTrends #InvestmentStrategy 

#Hospitality | As seen in the Q1 2024 U.S. Hotel Construction Pipeline Trend Report from Lodging Econometrics, at the end of the first quarter, there are 6,065 #projects with 702,990 rooms in the pipeline. This new all-time high represents a 9% year-over-year (YOY) increase in projects and a 7% YOY increase in #rooms compared to last year.

Positive trends for Irish hotel market ahead – CBRE CBRE's Outlook 2025 report forecasts a strong year for the Irish hotel sector, with stable transaction volumes and growing interest in purpose-built hostels, despite pressure on room rates from new hotel supply Colin Richardson CBRE Ireland #CBRE #hotels #hospitality #property

Not only is parking a growing source of revenue, it is profitable.

Hotel hunters back on the saddle searching for bargains https://bit.ly/4cYlmqF National hotel sales are still below average but buyers with an eye to refurbish or improve the properties are slowly starting to emerge #hotels #commercialrealestate #property

Three Factors Expected to Drive NYC Hotel Rates Higher