Hospitality / Page 2

Navigating Hotel PIPs For hotel owners, embracing a property improvement plan (PIP) may initially seem financially challenging, especially given today’s market uncertainties, high construction costs, increased interest rates, and labor shortage. However, PIPs serve as a valuable opportunity to reassess the hotel’s overall strategy and help chart a course of action toward enhanced profitability – […]

Navigating New Legislation and Labor Shortages How is the Industry Performing? California’s hospitality industry is one of the largest in the country, boasting a market-combined* inventory of 573,578 rooms, 13% higher than the state of Florida. The state’s warm climate, tourist attractions, and beaches draw many visitors and investors whose interest prompts continued development to […]

Hospitality’s Outlook Promises More Hotel Buyers and Sellers 2024 Hunter Hotel Conference Hotel owners, investors, and operators met in Atlanta last month for the 35th annual Hunter Hotel Investment Conference. Attendees from all groups walked away with feelings of optimism for increased hotel activity toward the end of the year, pending much-anticipated rate cuts this […]

Naples Hospitality Market Report Market Overview The Naples hotel market contains nearly 7,700 rooms distributed among 70 properties. Bigger hotels dominate the market, a trend less common in markets with fewer accommodations available. On average, properties in this market boast around 110 rooms, surpassing the U.S. average.   More than 40% of Naples hotel rooms […]

Orlando Hospitality Market Report Market Overview As the city with the second-largest inventory of hotel rooms, Orlando continues to be a travel destination for tourists as visitors as drawn to Orlando’s theme parks. Orlando is expanding as more than 2,000 rooms are scheduled to open in 2024, and more than 3,000 rooms are under construction, […]

Fort Myers Hospitality Market Report Market Overview Fort Myers is located on the southwest coast of Florida, known for its waterfront views and tropical climate. Job growth in the market has been rising at a yearly rate of 2.8%, equating to an increase of approximately 8,600 jobs. For hotels situated in and around office-centric areas, […]

Palm Beach Hospitality Market Report Market Overview Palm Beach County has the third largest population in Florida, trailing only Miami-Dade and Broward County, boasting a residency of over 1.5 million people. With a personal income that ranks as the fourth-highest in the state, exceeding the state average by more than 60%, Palm Beach stands out […]

Sarasota Hospitality Market Report Market Overview Sarasota stands as one of the smaller hotel markets in the U.S., comprising more than 12,000 rooms distributed among 191 properties. The market is characterized by smaller hotels, with the average building housing around 65 rooms, notably lower than the U.S. average of 89 rooms per building.   More […]

Miami Hospitality Market Report Miami Market Overview Tourism is a cornerstone of Miami’s economy, with the market being a popular destination for both domestic and international travelers. Additionally, Miami offers a rich cultural scene, including world-class museums, galleries, and performing arts venues. Despite the market’s popularity nationwide, Miami hotels experienced significant challenges in 2023 that […]