The HospitalityVIEW working group recently met for its first quarterly meeting of 2021. The group reflected on the tumultuous year the industry has had since the onset of the pandemic, and looked ahead to better understand where innovation and industry transformation are leading. Zach Aarons, partner at Proptech Venture Capital firm Metaprop, keynoted the session..
Hotel owners and operators looking to pick up distressed assets have had to wait longer than previously expected, but industry experts believe those opportunities will arise later this year. During the “Dissecting Distressed Hotels” panel at the online Americas Lodging Hotel Investment Summit Winter Update, hotel executives said owners of troubled properties have been able..
April 3 2020 – Michelle Russo joined a panel of industry experts to discuss to discuss COVID-19 and its impact on the hospitality industry. View the entire webinar HERE. Listener Follow Up Questions: Do you foresee consolidation/acquisition activity in the industry during this challenging climate? Alan Benjamin: Of course, in all times of disruption there..
Hotel News Now: 5 things to know: 19 March 2020 US RevPAR down 5% Chinese booking site predicts rebound Marriott outlines coronavirus response Analysts see risk for hotel REITs HotelAVE predicts five-year recovery period By the HNN editorial staff U.S. RevPAR down 32.5%: With the U.S. economy coming to a screeching halt amid con erns..
By Hotel Business on March 18, 2020 PROVIDENCE, RI— Hotel Asset Value Enhancement (hotelAVE) released a study that estimated that it will take the hotel industry in the United States approximately five years to achieve pre-COVID-19 occupancies, revenues and profitability. In addition, the “hotelAVE COVID-19 Hotel Outlook” predicts that the pace of the five-year recovery..
Published in Lodging Magazine. After leaving her job as a leisure analyst at Deutsche Banc, Michelle Russo started driving around New England in her Jetta, looking for small roadside hotels she could afford to buy. During her three years on Wall Street, Russo garnered significant capital markets experience and became very forward focused. But she..