Sandpiper Hospitality’s Post

This is kind of old news now (six days old), but I think worth revisiting. First, unique hotel developer comes to #CaryNC for first #NorthCarolina #hotel. Second, the hotelier picks Fenton, which was/is being developed by Hines, one of the largest and best-regarded #realestate companies in the galaxy. What does this mean? Broad confidence in #NorthCarolinarealestate and in the state overall from those outside the state. And there are stories like this happening all over NC all the time. #realestatedevelopment #commercialrealestatedevelopment #CRE #commercialrealestate #capitalmarkets #RaleighNC #RaleighRealEstate #TriangleRealEstate #hospitality #hotels

Why IHG is flooding Texas’ hotel market with development this year: Firm expected to deliver 2,000 keys, and they’re not just in big cities. “More than 16,000 hotel keys are set to be delivered in Texas within the next three years, according to CoStar. Dallas leads the nation for number of hotels in the development pipeline, with 21,882 keys across 185 projects, according to Lodging Econometrics.” “The development growth stems from corporate relocations and residential migration into Texas, said Kevin Schramm, a senior executive at IHG Hotels & Resorts.” “Even for as big as Texas is, it’s out-punching its weight class when it comes to hotel growth and development,” Schramm said.” “Its Texas pipeline includes three luxury flags — Hotel Indigo Irving – Las Colinas, opening with 150 rooms in June, at 55 East John W Carpenter Freeway; the 21-story, 390-key InterContinental San Antonio Riverwalk, opening this fall at 111 East Pecan Street; and the 357-key Kimpton San Antonio, opening this fall at 431 South Alamo, as the first Kimpton in San Antonio.” “The development growth stems from corporate relocations and residential migration into Texas, said Kevin Schramm, a senior executive at IHG Hotels & Resorts. “Even for as big as Texas is, it’s out-punching its weight class when it comes to hotel growth and development,” Schramm said. “Its Texas pipeline includes three luxury flags — Hotel Indigo Irving – Las Colinas, opening with 150 rooms in June, at 55 East John W Carpenter Freeway; the 21-story, 390-key InterContinental San Antonio Riverwalk, opening this fall at 111 East Pecan Street; and the 357-key Kimpton San Antonio, opening this fall at 431 South Alamo, as the first Kimpton in San Antonio.” “DFW is growing like wildfire. Houston will come back and resurrect itself, and the central part of the state is blossoming, not only San Antonio and Austin, but also when you look at these mid-size college towns. Not to mention secondary MSAs,” Schramm said.” #hotels #hospitality #cre #texas

Interesting read on hotel development statistics for 2023: Nationwide: 1,118 hotel projects (totaling ~142,000 rooms). Hot Markets... Dallas-Fort Worth Area — led the nation with 193 hotel projects (totaling 22k rooms). 18 hotels are slotted to open in DFW in 2024 alone. Atlanta — 150 hotel projects. Nashville & Phoenix — 120 hotel projects, each. The article notes that there was an 11% year-over-year increase in hotel construction, and as "the Federal Reserve plans interest rate cuts over the next two years, hotel developments are expected to continue spouting up." #commercialrealestate #hospitality #hotels

We are offering a unique opportunity to invest in the hotel sector which has historically been only available to institutions. Price: From £69.950 per room Return: 9% assured per year The Devonshire Park Hotel is the ideal hotel investment, with a successful track record of an average 83% occupancy all year-round of which 65% of all bookings are repeat guests. Once you have invested in a room it will then be managed by the hotel and you will earn your return. This boutique family-run hotel has been in operation for over 20 years. The reason why the Devonshire Park Hotel has stood the test of time is due to its unique location. Within 300 meters of the beach and only 50 meters of the Cultural Quarter means a significant amount of footfall. Eastbourne has been ranked as the Sunniest place in the UK, coupled with the fantastic beaches and surrounding national parks you can understand why it was ranked the best place to visit in the UK in 2023 by Time Out magazine with over 5.46 million visitors each year. Located less than a 5-minute walk to the seafront and opposite the cultural quarter in Eastbourne, making it one of the most lucrative locations on the South Coast. Prices from £69,950 Investment Information: -9% net assured for 5 years -110% buyback option at year 5 -Personal usage: complimentary 3-night stay -Rooms are fully furnished and no hidden extra fees -Fully managed -Professional operator with an established reputation. -Existing business that’s been running for over 20 years. -65% of total bookings are repeat business -Average 83% occupancy -Exceptional reviews online -Ranked #2 in Eastbourne on Trip Advisor (1438 reviews) -4.6* on Google (246 reviews) -9.2 on Expedia (318 reviews) -The hotel restaurant is in the top 10% of restaurants in Eastbourne -5-minute walk to Eastbourne’s 5-mile mile-long beach -Located opposite Devonshire Park Quarter. -Restaurant, Indoor and outdoor Bar, Two Lounges, -Patio Seating & Dining area, Private garden, -Parking, Lift, WiFi, Classic Car Tours -All year round trade Only 35 rooms available please contact me for the full brochure. Kind regards, Mr. Paul - Unique Estates #hotelinvestment #luxuryhotel #property

The latest survey of #California hotel development by Atlas Hospitality Group found the number of new rooms opened in the state dropped 10% year over year, an indicator of slowed future openings. #hotels #development

The latest survey of #California hotel development by Atlas Hospitality Group found the number of new rooms opened in the state dropped 10% year over year, an indicator of slowed future openings. #hotels #development

Even more EVIDENCE for OPTIMISM, these remarkable statistics are being tabulated and shared more and more frequently! KEEPING YOUR EYES OPEN IS GETTING MUCH EASIER Cleveland outpaces much of the world in hotel recovery from the pandemic! And yes site selection consultants have noticed and will continue to rank Cleveland higher and high for their clients considering locations for growth and or relocation! #siteselection #clevelandrealestate #cleveland #optimism

Ever since the pandemic, the extended-stay segment has continued to grow as the hotels served construction workers and traveling nurses who continued to work in person through pandemic restrictions. Additionally, many commercial travelers have started to stay at extended-stay hotels to utilize the larger rooms and increased amenities. Choice Hotels International has invested into the extended-stay market in recent years and their most recent extended-stay brand, Everhome Suites, has seen significant growth in 2023. The amenity-light model of hotels has allowed for faster construction times and lower room rate ranges, which has boosted the popularity of the brand despite its recent entrance into the market in 2020.

We talked to CoStar Group’s Jan Freitag about the current state of hotels, why RevPAR forecasts are being cut back and the latest on leisure demand. #hotelinvestmenttoday #hotel #hospitalitynews #hotelnews #hospitalityindustry #hospitality  

In a recent article for HOTEL MANAGEMENT Magazine, PMA's Mark Knott LEED AP, Vice President and National Hospitality Sector Lead, explores efficient strategies hotel managers can use to complete necessary renovations while maintaining seamless operations that meet guest expectations. Read the full article and learn more about ensuring guest safety, satisfaction, and effective communication during renovations:  #hospitality #projectmanagement #hotelrenovations #realestate