The Hotel Conversation’s Post

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

According to the latest Cushman & Wakefield Hotel Market Beat, UK hotel investment volumes surged to the highest levels since 2019, reaching £1.7B in Q1 2024   60% of transaction volumes took place in London, including the sale of BT Tower to MCR Hotels, building on the recent boom in development projects that focus on office-to-hotel conversions.   Market sentiment suggests a favourable trajectory for deal flow as the year progresses, potential base rate cuts and overnight stays are projected to surpass 2019 levels.   Read more by downloading our UK Q1 2024 Market Beat here.   For further information and support with your hotel real estate in the UK, contact our experts Ed Fitch, Carl Ridgley or Richard Candey. #CWHospitality #HotelInvestment #HotelRealEstate #IHIFEMEA24

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

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

Discover the latest trends shaping Austin's hotel scene! Experiencing steady growth, 1,900 new rooms have been added, focusing on the Central Business District and key areas like U.S. 290, Interstate 35, and the airport. Occupancy rates have adjusted to 63.3% after peaking near 70%. Suburbs, especially Round Rock-Georgetown, are most affected. Despite this, the Average Daily Rate (ADR) is on the rise across most submarkets, setting a new average at $176.56. However, the mix of falling occupancy and rising ADR means a slight dip in Revenue Per Available Room (RevPAR) to $111.76, still the highest in Texas. Austin's hotel industry continues to thrive, offering diverse and premium experiences for both visitors and locals. Read full report here: https://bit.ly/4c490NH #austin #texas #occupany #adr #market #revpar #trends #hotel #hospitality #revenue #profit

So good to see that the Hotel Transactions in Europe are almost up to pre-pandemic levels.

🏩 The #UK #hotel sector sees an increase to June’s average daily room rate and Taylor Swift boosts demand in Scotland 🎤 ⭐️ Highlights ⭐️ 🆙 Average daily rates of occupied rooms in the UK as a whole reached their highest rate on record at £175.91 in June, up from £169.08 the same period last year. 🆙 #London room rates increased to £256.40 in June, compared to £254.16 last year. 🆙 RevPAR of UK hotels rose from £137.55 to £144.14 in June year-on-year; while London saw an even more significant increase, from £209.89 to £217.54 in the same period. Thanks Chris Tate and Thomas Pugh for the update. Full read here from RSM UK ⬇️ https://lnkd.in/e2xXRrSK

According to CoStar Downtown Myrtle Beach Hospitality, the Myrtle Beach market comprises 274 hotel properties, which contain around 32,000 total rooms. Hotels tend to be larger in the area than in the typical U.S. market, but not by a huge amount. The average building has around 118 rooms, compared to the U.S. average of 88 rooms per building. There are 134 rooms spread between two projects underway in the Myrtle Beach market, representing a 0.4% expansion of the existing inventory. This new supply follows a material amount of recent development: Around 1,100 rooms have delivered in the past three years. #Sperry-KEY Group #CoStar #myrtlebeach #commercialrealestate

🔥🏨 Deal Update: 29 Hotels Sold 🏨🔥 Very proud to announce our half-year deal update, an incredible performance from the team despite the socio-economic headwinds. The results further cement our position as the pre-eminent advisor in the hotel sector in the UK #hotels #dealupdate #hotelinvestment #hoteldevelopment #dealmakers #commercialproperty #brokerage #advisory

A reduction in the UK's overall hotel bedroom supply spells opportunity for ambitious and affordable hotel chains like Premier Inn writes Jill Anderson, Whitbread acquisitions manager for the north, in Place North West. You can read the piece here - https://lnkd.in/eJyk5uGe. Based on Whitbread research, the number of hotel rooms in the UK has decreased from 715,000 in 2019 to around 680,000 today (ref Whitbread FY24 results). It's the smaller and less visible operators that have left the UK market ,and many will never return as hotels we believe. It's one of the driving forces underpinning Premier Inn's expansion across the UK. Currently we offer our guests a selection of 85,000+ Premier Inn and hub by Premier Inn rooms and have a long-term potential target of 125,000 UK rooms. But it's not just the obvious locations that are the focus for our growth, writes Jill reflecting on her area of focus in the north of England. Places with strong business economies and year-round leisure visitor demand are equally attractive as the globally recognised visitor destinations such as the Lake District National Park. Places like Lancaster, Carlisle, Lytham St Annes, and Grange-Over-Sands – all of which we are seeking to expand our offer into – as well as locations in Lancashire, Yorkshire, and Liverpool. In fact across the north of England we are currently searching for 24 new sites for Premier Inn as shown below. Each location represents a 25-30 year commitment for us, with a powerful package of local benefits standing behind our market leading brand. So dip into Jill's article to understand more about what's driving our continued expansion or reach out directly to her, or her retained agent Adam Mobley WSB Property Consultants LLP, here or via the details below for a conversation on where we hope to grow. #expansion #hotels #growing #development