With growth in the hotel sector projected to be modest over the remainder of 2024, those who do invest in hospitality must be vigilant about expenses and maximize value—starting immediately upon acquisition.
By Arcie Propster, Principal at Partner Engineering and Science, Inc., published June 27, 2024
A recent investment market update from CBRE cites qualified optimism among hotel buyers. “U.S. investors have generally positive sentiment about the hotel market this year, with half of those surveyed planning to increase their hotel investments in anticipation of higher total returns and lower prices. Strengthening the balance sheet and difficulty in securing and servicing debt are the top challenges for those who plan to buy less this year.” With growth in the hotel sector projected to be modest over the remainder of 2024, those who do invest in hospitality must be vigilant about expenses and maximize value at every opportunity. Fortunately, there are ways to begin to boost GOP (gross operating profit) before the acquisition is even complete. Read on for ways to incorporate cost-saving and revenue-boosting initiatives in your due diligence process.
In this Globe St. article, Arcie Propster discusses maximizing hospitality investments.
August 29, 2024
Sacramento, CA – August 29, 2024 – Partner Engineering and Science, Inc., a leading national firm specializing in environmental and engineering consulting, is pleased to announce that Philip C. Luke, […]
August 13, 2024
Los Angeles-based real estate investment, management, and development firm, Cityview, specializes in developing, acquiring, and operating opportunistic and value-added multifamily projects. Cityview creates sustainable housing options in transforming areas – […]
May 16, 2024
Sustainability, Resilience, and Insurability If you’re struggling with escalating insurance rates or trying to understand how the SEC’s new climate risk disclosure rules affect you, Partner can help. Our consulting […]
