Connolly & Fultz NAI Iowa Realty Commercial’s Post

"As the hospitality landscape continues to evolve and the sharing economy expands, regulatory oversight becomes increasingly vital in preserving the fabric of urban communities and fostering responsible business practices within the hospitality sector. How do you see regulatory oversight changing the hospitality sector in our market? Read more: https://bit.ly/3TeNVrA #CRE #CRENews #Hospitality "

Spoke to a few hotel developers over the past week that are transitioning into Self Storage development. Hotel operational costs in California continue to rise narrowing profit margins. Deals don’t pencil in and the risk reward is not worth it according to these developers. . . . . . . #hospitality #selfstorage #cre #commercialrealestate #development #hospitality #hoteldevelopment #losangeles #california #socal #hotelinvestment

"The rush to build out hospitality-driven development and capture a greater share of travel-related revenue in the San Antonio-Austin megaregion has created more intense competition between the two markets since the pandemic. "The Alamo City has lost more ground in that race. "Since 2019, metro Austin has seen its share of the state’s hotel business increase from 14.6% to 16.3%, according to new data obtained from Source Strategies. Over that same period, metro San Antonio’s market share has decreased from 10.9% to 10.4%." #hospitalityindustry #sanantonio #austin

You wouldn't believe what we learned about the secrets surrounding property management in Multi-Family buildings. Its Bringing Hospitality Home. #Hospitality #PropertyManagement #CommunityBuilding #BlueRabbitGroup #BringingHospitalityHome #PropertyManagementWithASplashOfHospitality

🔍🏨 Miami-Dade County's hotel sector is leading the U.S. market with an impressive 88.2% occupancy rate, marking a nearly 3% increase year-over-year. This exceptional performance, highlighted by CoStar data, positions Miami as a prime destination for tourists and investors alike, especially during events like the Miami International Boat Show and the South Beach Wine & Food Festival. As real estate professionals and investors, the opportunity to dive into Miami's booming condotel market has never been more appealing. Our latest article explores the vibrant potential of condo hotel investments and the tailored financing solutions available to capitalize on this thriving market. Discover how you can leverage Miami's top-performing hotel market to enhance your investment portfolio. Let's explore the possibilities together. Click here to learn more: https://lnkd.in/e2xn2Xdu #RealEstateInvestment #MiamiCondotels #HotelMarket #FinanceSolutions #ProfessionalGrowth

Building today for a better tomorrow . . . Picture below shows a current state of one of our guest rooms. With new year 2024 we are doing a lot of changes, and we have big goals to chase: ✔ Complete all-inclusive hotel renovation by the time Spring break starts. We want to capture as much of the room revenue as possible pushing high occupancy and ADR to its limits. I feel that with the support of Jason Nicholson, CHA, Clay Robbins, Jeremy Skinner, Anthony Eman and crew of New Look Renovations Inc we will get there on time. ✔ Watch the budget and gross operating profit. Half of our management team is new to Holiday Inn Resort Fort Walton Beach, but we are enthusiastic, open to learn new approaches and implement them. Budget watching will be critical this year. There is a hospitality industry market slack visible for quite some time and despite this we are going to end the year with a profit. #goHIRteam: Will Culpepper, Sandy Beebe, Ivana Coteat, MS, CHSP, Joshua Thomas, Anna Dresslar, Patrice Ealy and Jamie Pasour! 🤟 ✔ Spread the workload between departments, have them all accountable for their actions, decisions and goals, keep improving processes within and between them a have fun seeing what we can achieve if we work together and not against each other - Innisfree Hotels. #yeswecan #hospitality #mindset #funatwork

I sort of let the secret out yesterday: our favorite hotels are extended stay brands (kitchens in every room) & that are also distressed (and therefore cheap). For a hotel to multifamily conversion, what could be better than a distressed extended stay hotel? 1. A distressed extended stay hotel with killer financing - like a year of interest forbearance.... 2. A distressed extended stay hotel in an unbeatable location......say some one of the most desirable neighborhoods in growing major metro 3. A distressed extended stay hotel that already has a Certificate of Occupancy for multifamily secured. 4. A hotel with rooms nice enough for my wife to agree to stay there for the night. A deal with #1, #2, #3, and #4 would be a golden goose - and we might just have it. Schedule a call with me to learn more: https://lnkd.in/gnqz4q8s

July Hotel Sales in California by the numbers: - Transactions: 16 ( ⬇ 23% from last LY)  - Price per key: $244,052 ( ⬇13% from LY) - Sale vs Asking price: ⬇ 9.8% - Sales Volume: $332 million ( + 112% from LY) -Months to sale: 5.7 months Notes: Hotel market in California continues to experience challenges as we go into the second half of the year. Sales volume was very strong in July but 50% of that was made up one transaction. The private sector makes up majority of the purchases but we did get some action from institutional buyers who have been quiet in 2024. Notable Sales: -Hilton La Jolla Torrey Pines  -Carte Hotel San Diego Downtown -Extended Stay Los Angeles  -3900 W Century Blvd - Lüm -Ramada LAX #hotelmarket #california #hospitality #losangeles #hoteldevelopment #hotelbusinss #hotelier #californiahotel #hotelsales #cre #commercialrealestate

Case Study Highlight - The Marsham Court Hotel - A Beacon of Excellence in Bournemouth This case study highlights how the hotel has successfully collaborated with CLEAN Linen & Workwear to enhance its operations and guest experience. The Challenge: Facing the seasonal nature of tourism in Bournemouth, The Marsham Court Hotel needed a reliable linen provider to maintain high standards of guest experience year-round. The Solution: Partnering with CLEAN, the hotel now benefits from top-quality linen services, ensuring every guest enjoys a crisp, clean, and comfortable stay. This collaboration has been instrumental in sustaining high occupancy levels and enhancing guest satisfaction. The Impact: The partnership with CLEAN has not only elevated the guest experience but also reinforced The Marsham Court Hotel’s reputation as a leader in accessibility and hospitality. A shoutout to the team at The Marsham Court Hotel for their unwavering commitment to outstanding service and inclusiveness! To read the full case study, please follow the provided link https://lnkd.in/eGrDkHyA #CLEAN #Hospitality #CaseStudy #Accessibility #CustomerExperience #HospitalityExcellence #HotelManagement #Sustainability #CustomerFirst

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