Wilken Ratz’s Post

I'm really passionate about the topic of bringing the true essence of HOSTING back to hospitality. In my opinion, we have gotten carried away with modernity and it's time to bring balance to the way we create hotel experiences. 📽 on stage at The Boutique Hotel Investment Conference by BLLA - Boutique Lifestyle Lodging Association #boutiquehotelinvestment #hoteliers #hotelinvestment #commercialrealestate #hoteltechnology #hospitalitytechnology

"A fabulous hotel, nothing was too much trouble. Staff were so helpful and the room was superb. Beds were really comfortable and the breakfast was excellent. A really good base for our holiday. Great location next to the huge shopping centre." - Judith H, Tripadvisor 5-star #LuxuryApartments #LuxurySandtonHomes #Gauteng #SandtonProperty #Sandton #LuxuryHomesInSandton #RealEstate #SandtonLuxuryRealEstate #RentalsInSandton #SandtonRentals #RentInSandton #SandtonPropertyRental #ApartmentForRentInSandton #HotelLife #LuxuryLiving

There may soon be too many hotel rooms in the Miami area - & that's a great thing for our clients! Why is this important? Right now the hotel market in Miami is HOT - with 72% occupancy & an average room rate of $221 & revenue per available room (RevPAR) at a very high $159. It's no wonder every hotel developer wants to ad so many rooms in Miami. But, in a very short time frame there will be an additional 30% plus more rooms & what this means is our clients can hopefully look forward to lowering prices. Many of the newer properties will be in the $250 plus a night range or more. This means there will be value opportunities at some of the better - but older - properties - many of which were totally renovated over the last few years. As our latest video showed - we can get you value now near MIA - off season - at an amazing $119 a night: https://lnkd.in/ew8Hxzzn Yet - we think we will be able to get you rates near that (off season) even downtown or by the beach especially as new properties come on-line. We are confident even in-season we can get you rates by the beach at or below $199 - & near MIA for $139-149 a night. So if you want to MeetIn.Miami - CLICK HERE TO GET STARTED NOW: https://lnkd.in/gRueJKgD https://lnkd.in/eTByW-Hc

There will be a significant reduction in the number of hotel rooms on the #LasVegasStrip this year. However, an impact on hotel performance isn't expected. Big swings in hotel additions and closures/demolitions are not uncommon in this destination. Thank you, Michael Petrivelli, for including insights on the impact of the closures on retail. #hotelpipeline #hotelconstruction #LasVegas

The Lodging Conference is official one month away! We are counting down the days until we arrive in Phoenix. Meet the A-Team at booth #302 from October 7-10. We will be here to answer any questions about the hospitality industry, all things hotel renovations, PIPs, and more! Will you be attending? Let us know in the comments! #thelodgingconference #hospitality #hoteliers #hotels #hotelmanagement #hospitalityindustry #hoteldesign

🎤According to Google and AI and also written in Some books that read. 🏅 "Father of the Hospitality Industry" is often attributed to Ellsworth Statler, an American hotelier who significantly shaped the modern hotel industry. Statler is known for his innovative ideas and contributions that revolutionized hotel operations in the early 20th century. He introduced numerous concepts that are now standard in the industry, such as private bathrooms in each guest room, free morning newspapers, and uniformed bellhops. His Statler Hotels became synonymous with luxury, comfort, and efficiency, setting new hospitality and guest service standards. #HospitalityIndustry #EllsworthStatler #HotelInnovator #FatherOfHospitality #HospitalityPioneer #HotelManagement #HospitalityHistory #IndustryLeader #HotelierLegend #ModernHospitality #GuestServices #HotelStandards #LuxuryHotels #HospitalityInnovation #TravelHistory

Here is a short presentation showing the different ways to find investors for your hotel project, and why My Hotel Project is the perfect answer to your needs. #hotelproject #hoteldevelopment #hospitality #hotelinvestors

Navigating PIPs as a new hotel owner can be a daunting task. Walk-throughs of the hotel before renovations begin are a key part of understanding what needs to go into the renovation. Scroll to learn what should go into the walk-through before jumping into renovations. To learn more read our blog 'Navigating a PIP as a New Hotel Owner' here: https://lnkd.in/eJy2A9j4 #hoteldesign #hotelier #hotelmanagement #hotelrenovation #hotels #pipfulfillment #hotelier #hospitalityindustry

According to the CoStar Hospitality Market Reports for Madison, WI; The Madison hotel market features 107 properties with about 11,000 rooms, averaging 104 rooms per hotel, above the national average. Occupancy has increased slightly to 59.0%, while the average daily rate (ADR) has decreased by 3.8% to $136, leading to a revenue growth decline of 4.4% compared to the national increase of 4.3%. In terms of revenue per available room (RevPar), the luxury segment has risen to $119, while the midscale and economy segment has dropped to $47, reflecting varying occupancy rates across different hotel subtypes. #hoteliers #commercialrealestate #realestateinvestment #milwaukee #hospitality #hoteliers #commercialrealestate #wisconsin #hospitalityexcellence #wisconsinrealestate

“Branded residences are likely to remain a popular concept given the appeal to each stakeholder - consumers, developers and brands.” Wendy Hansen explores the legal considerations of new hotel developments using branded residences in an article for Hotel Executive. Read more at https://lnkd.in/eTxBznk6 #realestate #hospitality