Stephen Siegel

Property-improvement plans remain top of mind for many hoteliers heading into the new year, but brands may not be as rigid in their expectations as we once thought.

Opportunities for hotel transactions abound, if only the economy would play ball. Hoteliers are bearing witness to an incredibly active travel season, but the current state of development continues ...

All across hospitality, occupancy is rising, interest rates are holding, and new hotels are being built.

As the hospitality industry prepares for an active summer, flush with leisure and business bookings, the industry is also readying itself for another wave of interest rate hikes. On top of previous ...

The hotel industry ended 2022 in its most stable state since before the pandemic, and despite lingering uncertainty the sector is not pausing for a breath before resuming development.

Hotel brand executives are aware that travel is back. Hotels are routinely posting higher rates than before the pandemic, with some markets reporting rates higher than in 2019. These trends bode well ...

Between rising interest rates and the current threat of growing inflation, hoteliers with development goals are once again wondering if now is the time to borrow money to renovate or start ...

A wave of renovations has swept across the industry as ownership companies rush to refresh their hotels and take advantage of “revenge travel” trends.

Hotel owners may be ready to reactivate development plans, but their development teams might not be.

The U.S. travel market is on track for recovery, and hoteliers will have to take the good with the bad. Hotel brands that delayed or altered property improvement plans in light of the pandemic will ...

Hotel occupancies have seen slow, albeit inconsistent, recovery over the past few months.

In times of deep crisis, opportunity still reigns. As unusual as that sounds, it is during the darkest times where innovators and adaptors find solutions that help us return to daylight.

Everyone who is reading this knows how the hotel industry dynamics have been severely altered. This includes those related to hotel renovations and the renovation rules that we have long thought to ...

Selling a hotel requires more than hiring a broker, creating an offering memorandum and installing a so-called “for sale” sign.

No matter what the revenue per available room, average daily rate and occupancy numbers show, it’s essential to plan for the long-term health of your hotel.

One effect of a growing economy is the cost to build or renovate hotels is constantly climbing. In 2018 alone, the cost of construction rose by an eye-popping 5.7%, according to Rider Levett ...

When looking to purchase an existing hotel, it’s rare for the buyer to find a property in “perfect” condition. In fact, it’s typical in the hotel business for properties to be sold under the ...

The last thing an owner wants when embarking on an expensive renovation is an obstacle that causes significant delays and increases costs. That’s why it’s critical to confirm if a permit is required ...

When the first-ever soft brand was introduced, it changed the landscape of the hotel business. Hoteliers were no longer forced to choose between going it entirely alone as an independent property or ...

Hotel owners who are long-term holders can increase future profitability prospects by thinking differently about the hotel construction process. Building a property with a keen eye to its eventual ...