European hotel deals hit €27 billion, Pebblebrook's CEO says U.S. buyers and sellers still can't agree on price, a cartel killing reshapes a Tuesday in Puerto Vallarta, and the Trump Organization bets a billion on Australia's Gold Coast. The common thread is one nobody's talking about.
Everyone's suddenly rediscovering that hotel F&B can make money. The truth is it always could... if you stopped treating the kitchen like a checkbox and started running it like a business.
New York City wants to raise property taxes nearly 10% on an industry already drowning in regulatory costs, union labor at $40 an hour, and operating expenses growing four times faster than revenue. At some point, the math stops working... and we're getting close.
When the most profitable division in entertainment promotes its boss to run the whole company, it tells you something about where the money is. And when they backfill him with a guy who ran luxury hotels and cruise ships, it tells you even more.
The February jobs report is a gift and a grenade for hotel operators. You're about to have more applicants than you've seen in five years... and fewer guests to serve them.
A local ownership group just cleared a rezoning hurdle for a proposed upscale Hilton in a small Georgia college town, and everyone's excited about the renderings. I'm looking at the math underneath them.
A $185 million, 200-room Curio Collection hotel just opened in downtown San Antonio at nearly a million dollars per key. The architecture is stunning. The chef pedigree is real. The math? That's where it gets interesting.
