Cambria Hotels’ Post

I just saw an interesting stat from CBRE: in 2023, 21 new hotels and 2,400 rooms opened up in Michigan. The part I find most exciting about this fact is that WE were the contributor to 25% of this inventory! 5 hotels and 610 rooms in Michigan alone last year! 🤯 Best part is, that’s not even all we opened last year. #hoteldevelopment #choicehotels #hotelconstruction

The hotel pipeline has a lot of interest, but we normally focus on major markets. Colin P. Sherman and I decided to see which submarkets will have the highest inventory increases based on what is under construction. Areas outside of #SanDiego, #Phoenix, and hubs along the East Coast are in the top ten, but for different reasons. #hotels #hotelconstruction #hotelanalytics

Several regions with the highest proportion of hotel rooms under construction relative to their current inventory are located outside major city centers. South and East San Diego, La Guardia/North Queens, and West Phoenix are expected to see the most substantial increases in hotel room inventory among the nearly 700 submarkets monitored by CoStar/STR. However, the factors driving growth in these areas differ. 🔗 Read more here: https://lnkd.in/g7yPtERT #HotelIndustry #ConstructionBoom #HospitalityGrowth #TravelTrends #SanDiego #QueensNY #Phoenix #MarketExpansion #TourismDevelopment #RealEstateTrends

At Fort + Home, we believe in redefining hospitality with innovative, high-end experiences. Our latest investment, the Hotel Melrose, exemplifies this vision perfectly. Located in Colorado wine country, this hotel combines luxury and exclusivity in a way that's unmatched. But what truly sets the Hotel Melrose apart? It's all about a strong competitive edge and a clear value proposition. By leveraging a fully automated system, the hotel eliminates the need for a traditional front desk, operating like a series of short-term rentals under one roof. This approach significantly cuts overhead costs, boosting profitability. The result? Above-market rates and higher returns for our passive investors compared to traditional hospitality assets. The Hotel Melrose is more than just a great investment—it's a testament to the forward-thinking projects that Fort + Home is proud to support. Join us in exploring the future of hospitality. https://hubs.li/Q02zYVby0 https://hubs.li/Q02zYK820 #thehotelmelrose #fortandhome #thefort #passiveinvesting #hospitality #realestateinvesting #passiveinvestor

NSW Tumut’s Royal Hotel for sale by JLL JLL's Hotels & Hospitality Group experts Greg Jeloudev, Edward Browne and Kate MacDonald, have been appointed to market the freehold going concern of the Royal Hotel, Tumut for sale via Expressions of Interest. Greg Jeloudev stating, “The Royal Hotel is a true all round pub business comprising all the desirable trade levers. The Band 3 location future proofs the venue from any further competition, thus ensuring longevity for venue performance.” The precinct continues to benefit from the ongoing Snowy 2.0 infrastructure project which compliments substantial local agricultural production. In addition, there is a $37m upgrade of Brindabella Road which will drastically improve travel directly to Canberra. Read more on The Hotel Conversation - https://lnkd.in/gMeVY_9T JLL's Hotels & Hospitality Group Greg Jeloudev Edward Browne Kate MacDonald JLL Tom Gleeson Christian Tsalikis Mark Walsh Will Connolly Lachlan Persley Gillian Berardi Elyse Balcombe Debbie Farrelly Nicola Raeburn Gareth Closter Peter Harper Nick ThompsonGus Moors Nick MacFie Adam Bury #nswinvestment #jll #hospitalityindustry #pub #hotelnews #jllaus #pubs #pubnews #hotelnews #hotelsforsale #hotelindustry #hospitalitybusiness

Some of our proudest work over the years has been the transformation of former leisure properties (hotels, pubs etc.) into something new. Far too often, these sites are left to rot for years at a time - we want to do something about that. If you’re aware of any of these sites with development potential, get in touch! #LandDevelopment #JointVentures #CollaborationOpportunities #PropertyDevelopment #Planning #PlanningPermission #ResidentialDevelopment #CommercialDevelopment #MixedUseDevelopment

Transforming a Trendy Senior Property into a Luxury Hotel: Our Success Story Discover how we turned a senior property in a trendy arts district into a thriving luxury hotel. Learn about our journey, including the Choice Neighborhoods Grant and the exciting new construction. Don't miss our board and leadership team's decision-making process and the lucrative offer that changed everything. #SuccessStory #LuxuryHotel #ArtsDistrictTransformation #ChoiceNeighborhoodsGrant #NewConstruction #LeadershipDecisions #SeniorPropertyTransformation #HotelDevelopment #RealEstate #CommunityRevitalization

When you look at the Sunshine Coast's hotel market, we’re desperately short of serviced visitor accommodation. We need more than 2,000 new hotel rooms in the lead-up to the 2032 Olympic and Paralympic Games. Maroochydore City Centre’s Masterplan has provisions for a premium hotel, an addition that will be key to supporting the City Centre as a prime commercial and cultural destination. But we need at least ten more across the region to meet demand. Each new hotel will: - Generate an additional spend of $29.5 million annually in our region, and - Create 422 jobs during construction and another 165 jobs ongoing. In August, Sunshine Coast Council approved a new incentives package to attract upscale hotels. Council wants your feedback by this Tuesday, 8th October, on a proposed second part of the package, which includes planning incentives. 📢We encourage you to get behind this important region-building initiative. https://lnkd.in/eSK7fHSt #SunshineCoast2032 #HotelInvestment #FutureGrowth

The Canadian Hospitality market continued its rally in 2023 with growth in room demand and average rates in all markets across the country, according to Cushman & Wakefield’s Canadian Lodging Overview 2023 report – via STAY Magazine

Some very cool UK hotel openings - personal and professional inspo on a Friday morning. Great piece from our head of UK hotel analytics Cristina Balekjian Hotel development in the regions continues apace in 2024. Delays continue to push project timelines further out, translating into another robust year of openings. Over 10,000 rooms are under construction and due to open this year, while higher construction costs and challenges in development financing have been building up a final planning pipeline. Markets such as Manchester, Glasgow and Liverpool continue to see above-average supply growth as various new entrants hope to capture their share of business, while Edinburgh’s outperformance has continued to appeal, particularly to upper-tier brands. CoStar looks at which properties will be shaking up the regional UK hotel market in the next 12 months. https://lnkd.in/eBc4A68n