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Hotel lobby overseen by hotelAVE, a hospitality consulting firm providing hospitality industry insights and hotel advisory services
Archive
Author: rmeyer

Managing the Total Hotel Investment – Strategies to Maximize Owner Returns

Hotel asset value and owner returns are influenced not only by cash flow from operations, but also by many other considerations. These include acquisition cost, capital expenditure requirements, capitalization rates, the amount and cost of debt, brand and operator encumbrances, physical condition, and upside opportunities. All of these factors must be actively managed within a..
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Challenging the Industry Standard Paradigm to Management Performance Tests

Hotel management agreements formalize the contract made between the hotel owner and the operator. They document the requirements, conditions and expectations placed on each party involved. Performance tests figure prominently among these.  They are included in hotel management agreements to protect an owner’s investment by allowing the owner to terminate the agreement in the event of poor performance..
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hotelAVE Recognized with 2019 Hilton Legacy Award

hotelAVE has been recognized with a 2020 Hilton Legacy Award for Hilton Garden Inn, Top Performer. The annual awards program celebrates owners and development partners in the Americas for contributions toward brand excellence and development efforts. Hilton recognized nearly 60 high performing owners and developers across 15 different categories.   The Legacy Awards recognize the..
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Where brand concessions have had biggest impact

Steering a firm with more than U.S. $5.5 billion in assets under management and a deep track record, hotelAVE CEO Michelle Russo has a firm grasp of both the big picture and the day-to-day details. She recently shared her perspective on how the owner-brand dynamic has evolved, best coping strategies for owners and how the..
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Why Are Travelers Not Following The CDC’s Advice?

Many travelers are not following the CDC’s advice. Instead of staying home during the second wave of the COVID-19 pandemic, as the government recommends, they’re going on vacation, according to the latest numbers. This is what the CDC says: “Travel may increase your chance of getting and spreading COVID-19. Postponing travel and staying home is..
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How Investors Want Brand Standards to Shift

The focus for brand standards needs to change, with firmer attention on making sure owners get a return on their investments, hotel owners and asset managers said. Speaking during a meeting of the Lodging Industry Investment Council in early October, Aik Hong Tan, principal at Greenwood Hospitality Group, said the brand standards now should focus..
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What’s missing from pandemic-era travel? Plenty.

Since the pandemic was declared in March, safety precautions and protocols have become the stuff of everyday life — at home and on the road. For some, vacationing within the strictures of a public health crisis will be worth it; for others it won’t. We all want to get away, but it’s important to have..
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