Julienne Smith

CBRE analyzes how the economic activity of CBDs has changed before and after the pandemic and its impact on hotel performance. Read the full study: CBRE Hotels Jack Corgel Hogan McDade #HOTELS #hotelnews #hospitality #hotelindustry #hospitalitynews #hospitalityindustry #centralbusinessdistricts #hotelperformance #cbre

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PERE Hospitality Report 2024: navigating market disruptions in hospitality. Despite the current challenges in hospitality, there are significant opportunities for well-capitalized owners, says Rockbridge’s James Merkel. Read the full interview here: https://lnkd.in/esSPH5YU

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"Many discussions during the second day of the Lodging Conference mentioned getting through the next several months to have better clarity on the new year. This last quarter is the final hump to get over, and everyone’s eager to see what’s on the other side." #dshhoteladvisors #hoteliers #hotelowners #hotelindustry #hotels #hotelsandresorts #hospitalityindustry https://lnkd.in/gDu9MXYY

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Most Top 25 Hotel Markets Show Improvement in Group Demand "In the first six months of the year, 21 of the top 25 largest hotel markets recorded higher group demand from a year ago. But despite almost uniform demand increases as of late, most markets are still struggling to record a full return of group demand to pre-pandemic levels." #DSHHotelAdvisors #HotelBusiness #Costar #MarketData https://lnkd.in/eyTz9YvV

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“On average, hotels are worth 3-5 times the revenue they generate in a year, while apartments are worth 7-12 times. This is because hotels have high operating costs and lower occupancy rates.” Check out the full blog post with CreInsights and our CEO, Ryan Sudeck ⬇️

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For the three months ended March 31, system-wide comparable RevPAR increased 2% compared to the same period in 2023 due to increases in both occupancy and ADR, and management and franchise fee revenues increased 14.4% compared to the same period in 2023. #hospitalitynews #hilton #hotels #travel

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#FlashbackFriday: Assessing the Value of a Lodging Property in 1986 Flashback to 1986, when the hospitality industry was rapidly evolving, and understanding the value of a lodging property became more critical than ever. Brand affiliations and market trends were shaping the future of hotels and market participants relied on a methodical approach to assess these properties. One of the essential methods discussed in “Assessing the Value of a Lodging Property” was the income approach. This method calculated a property’s value based on its ability to generate earnings—a practice still relevant today. Key considerations included Net Operating Income (NOI) and capitalization rates, both crucial in determining a hotel’s financial health and future profitability. I also emphasized understanding market demand and competition, ensuring that a property’s use aligned with its highest and best potential. While the world continues to rapidly evolve and today with the availability of advanced data analytics it is interesting to note that many fundamental valuation principles remain nearly 40 years later. #HospitalityHistory #HotelValuation #LodgingIndustry 

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HOTELS magazine has gone live with its inaugural Suppliers Guide issue, a comprehensive listing of the most important vendors serving the hospitality industry. It's a one-stop shop—from the guestroom to the kitchen, and all spaces in between. Check it out now: #HOTELS #hotelnews #hospitality #hotelindustry #hospitalitynews #hospitalityindustry #hospitalityvendors #suppliers

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Why a slowing RevPar environment could actually further Hilton growth. Read HOTELS’ full Q3 report: #HOTELS #hotelnews #hospitality #hotelindustry #hospitalitynews #hospitalityindustry #q32024 #hiltonhotels

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In 2018, Bill Heinecke's Minor International made a daring €2.3 billion acquisition of NH Hotel Group—just a year before the pandemic hit and nearly derailed the hospitality industry. Despite the challenging years of COVID-19, Heinecke’s bold move has now turned into a major success as travel rebounds globally. Minor International has not only recovered but thrived, with its profits tripling in 2023 and strong growth forecasts for the coming years. Heinecke, now 75, plans to invest nearly $864 million through 2026 to expand the company’s footprint, targeting 750 properties across the world. With over 78,000 staff in 65 countries, Minor is already a global player, owning 561 hotels and quick-service outlets in 56 countries. Heinecke’s strategy of merging acquisitions, like the NH deal, with a transition to an asset-light model, has proven to be the key to sustaining growth. As he aims for further expansion in key markets like China, India, and Thailand, Minor International is set to become one of the world's top hospitality firms. His mantra? “When an idea fails, use it as a learning experience and move on quickly.” Despite past setbacks, Heinecke’s resilience, strategic risk-taking, and hands-on leadership continue to drive his success. At 75, he’s still as competitive and driven as ever—proving that even in his later years, he's just getting started. Proud to have survived the Covid years and to have been a part of communicating the phenomenal growth of Minor Hotels over the past 10 years alongside Minor's corporate PR team. (Looking at you, Marion Walsh-Hédouin, Mark Thomson & Natasha Rhymes!) Read below for Ron Gluckman's profile of William Heinecke for Forbes to learn more about the man who started it all and his plans for the future of the company. 🌟 🌟 🌟 #Leadership #Entrepreneurship #Hospitality #Hotels #Resorts

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"The evolving group performance seen this year has had a direct impact to hotel F&B, given the need that events, meetings, conferences, etc., have when held on the property. Groups have performed the strongest of any segment in the U.S. most recently, with demand +3.5% through September year to date (YTD). " #dshhoteladvisors #hospitalityindustry #hospitality #hotels #hotelsandresorts #hotelmanagement https://lnkd.in/eYgueeHT

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Recently I had the privilege of presenting to the American Hotel & Lodging Association (AHLA) General Managers (GM) Roundtable about Mergers & Acquisitions (M&A) in the industry.   The GM Roundtable is comprised of leading hotel General Managers across the U.S. and provides a forum to discuss current issues including the impact of federal and state legislation and regulations affecting those at the frontline of the hotel industry. M&A, while often used interchangeably, have distinct meanings. Mergers involve the consensual joining of two entities, whereas acquisitions occur when one company purchases another and transfers ownership. Opportunities presented by M&A are many, including geographic expansion, entry into new markets, enhanced competitive edge through diversification, operational synergies that improve financial performance, business model transformation, elimination of competition, and access to cutting-edge technology and new talent.   However, these opportunities come with challenges including potential job losses, regulatory and antitrust hurdles, financial uncertainties, potential culture and management clashes, and while the goal is value creation there is a risk of erosion and in some cases destruction.   The lodging industry requires significant capital investment in fixed assets and human capital.   Brand awareness is highly important in the lodging industry as trade identities ideally represent perceptions of the qualities that distinguish services and products amongst competitors.   Growth patterns of the travel and leisure time industries are correlated with the evolution of hotel companies.  -----Increasing international travel motivates domestic and foreign hotel brand companies to launch cross-border mergers and acquisitions.  ----------i.e. AccorHotels purchase of 21c Museum Hotels and Marriott International takeover of AC Hoteles C. A.  -----Hotel brand companies typically operate on an asset-light and fee-oriented strategy.   Over the years many M&A deals have occurred in the lodging sector including property ownership companies as well as management and brand platforms.   A link to my presentation appears below.   #hotelindustry #hospitalitytrends #mergersandacquisitions

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The hotel industry is seeing a growing divide between high-end and lower-end performance. Full story here with insights from CoStar Group and Jan Freitag: #HOTELS #hotelnews #hospitality #hospitalityindustry #hotelindustry #hospitalitynews #travel #luxurytravel

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🎙 Crystal ball time! The first episode of Hotel Moment in 2025 is here with a powerhouse lineup of industry experts sharing their predictions for the upcoming year! Join Karen Stephens as she talks with: Aaron Miller (Highgate) on why hotels are definitively back Carlo Del Mistro (Ennismore) on hyper-personalization through AI Shawn K Jereb (Montage International) on group business trends Emily Goldfischer (hertelier) on workplace flexibility Marc Winchell (Pacific Hospitality Group) on building the ultimate CRM From the resurgence of traditional hotel experiences to AI-driven personalization, discover what's shaping hospitality's future. 👉 Don't miss these expert insights into what's coming in 2025! #HospitalityTrends #HotelInnovation #FutureOfHospitality #HotelMoment

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Small Hotels, Big Opportunities At this year’s Boutique Hotel Owners Conference by BLLA, we explored why boutique hotels are emerging as the crown jewels of the hospitality industry. In a world where authenticity and personalization reign, small hotel owners are uniquely positioned to create experiences that larger brands simply cannot match. Industry leaders Kimberly Walker (Nomada Hotel Group), Moody Nashawaty (The Yara Hotel), Alex Kirkwood (Kirkwood Collection), and Ariela Goharik Kiradjian shared their perspectives on: -The power of hands-on ownership and why it matters -Shifting market dynamics and lender preferences toward boutique properties -Navigating the challenges of financing, F&B, and third-party management -The advantages of small hotels in today’s evolving hospitality landscape For those with a passion for hospitality, boutique hotels offer the perfect blend of creativity, flexibility, and personal connection. Curious to learn more about why boutique hotels are such compelling investments? Click the link below to read the full article. https://lnkd.in/g4tABXK9 #BoutiqueHotels #Hospitality #SmallHotelOwnership #BLLAEvents #HotelInvestment #BoutiqueLife #HospitalityIndustry #StayBoutique #BLLA #BoutiqueMovement #ThoughtLeadership #OwnersConference

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