Dear Friends,
2021 was a very exciting year for the hotel asset class and for us here at Premier Hotel Realty. We achieved record sales helping our clients--hotel and multifamily owners just like you--achieve their hotel property objectives.
I'd love to do the same for you. If you know anyone who is considering selling or acquiring a hotel or multifamily property, please send them my way. We have buyers ready and waiting.
In the meantime, to help you navigate this exciting market, you'll find in this issue:
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Downloadable Hotel Sales Comps | December 2021 for the Broward County area.
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The newest Hotel Occupancy Update with a look at the top-performing markets
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A curated selection of the latest hotel market news & trends to help inform your business decisions and strategy
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A selection of my most recent properties for sale
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Active Immediate Buyer Needs
Best Regards,
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Premier Hotel Realty
954-543-5411
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🔹Director, Greater Pompano Beach Chamber of Commerce
🔹Member, Greater Fort Lauderdale Chamber of Commerce
🔹Former Director, Lauderdale-by-the-Sea Chamber of Commerce
🔹Video Host: Hotel Happenings with Rick Tobin
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P.S. Considering selling your hotel property. Simply reply to this email now to find out how much you could sell it for. |
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How much could your property sell for?
Find out with our latest Broward County Hotel Sales Comps Report.
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In this report, you'll find a representative sample of Hotel property sales in the Broward County area.📍
Check out select properties to get an idea of what properties like yours are selling for.
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Download your copy of my latest Hotel Sales Comps Report below. |
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STR: U.S. Hotel Occupancy Update
Week | 16-22 January 2022
U.S. weekly hotel occupancy remained relatively flat from the previous week sitting at 48.7%.
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➜ While occupancy remained almost unchanged from the previous week, performance comparisons with 2019 show a -15.9% decrease YOY.
🔹 The average daily rate (ADR) was recorded at $122.17, a -1.4% decrease from 2019
🔹 The revenue per available room (RevPAR) was recorded at $59.52, down -17.1% from 2019.
While none of the Top 25 Markets recorded an occupancy increase over 2019...
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Tampa came closest to its pre-pandemic occupancy comparable with the market also registering the largest increase in ADR and the only RevPAR increase over 2019.
🔹 Tampa Occupancy
🔹 Tampa ADR Increase
🔹 Tampa RevPAR Increase
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Florida Hotel Portfolio
Two Hotels In Beautiful Clearwater, Florida
20162 US-19 North & 20788 US-19 North| Clearwater, FL
PRICE: $120,000 /unit
This Clearwater Florida hotel portfolio is comprised of two hotel properties, one with 86 rooms, and the other with 76 rooms. Both exterior corridor hotels are excellently located, offer ample parking, and have private pools on site.
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This Florida portfolio won't last long.
Contact me today for more information, or to set up a viewing!
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US Major Hotel Sales Survey for Q4
The survey includes 127 single asset sale transactions over $10 million.
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(Via GlobeSt) During 2021, vaccines and booster shots paved the way for a brief return to some semblance of normalcy, however as we enter 2022 the nearly two-year global health crisis is not over.
Since the end of November, the Omicron variant of COVID-19 has surged, bringing record high daily counts of infection resulting in many companies further delaying their long-awaited return-to-office. Staffing shortages and the global supply chain challenges continue to wreak havoc on businesses and Omicron has the potential to further disrupt travel including the airline, hotel, and group meeting and convention industries.
The good news is that it is not a matter of if, however, when, the COVID 19 pandemic will either end or become an endemic disease which would be easier for the world’s population to coexist with. Continue reading here...
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No Deep Discounts for Hotels, But There Is Still...
Once the pandemic hit, many investors waited, patiently, for opportunities to buy assets at a discount. There was a widespread expectation that a wave of distressed assets would come to market, as happened following the Financial Crisis...
Read more
www.globest.com
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Individual Identities: The Evolution of Hotel Names in...
William Shakespeare asked, "What's in a name?" For U.S. hoteliers in the first half of the twentieth century, the answer was that hotel names should be evocative. Most had unique names; hotels in this period...
Read more
lodgingmagazine.com
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FEATURED PROPERTY
Baymont Inn & Suites
105-Room Exterior Corridor Hotel in Texas
502 S Access Rd | Longview, TX 75602
PRICE: $2,700,000
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Shore Haven Resort Inn
Steps to Golden Sand Beaches!
4433 N Ocean Dr | Lauderdale-by-the-Sea, FL 33308
PRICE: $21,000,000
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Hotel Seacrest
Lush Vegetation & Steps To The Ocean
4562 Bougainvilla Dr, Lauderdale-by-the-Sea, FL 33308
PRICE: $2,980,000
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225-Acre Undeveloped Beachfront Land
Amazing Opportunity in Beautiful Puerto Rico, A Crypto Hotspot
Aguada/Aguadilla, Puerto Rico, 00603
PRICE: $2,500,000
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We have a high number of buyers who are urgently seeking hotel properties in Florida.
Below are just a few of the many Buyer Wants & Needs that are pouring in!
If you have a hotel property to sell, please get in touch ASAP.
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Tap Into Our 45,000+ Actively Engaged Facebook Members
Contact Me Today For Promotional Opportunities!
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We have one of the largest Florida local community networks on Facebook! |
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Rick is a member and director of the Greater Pompano Beach Chambers of Commerce, a member of the Greater Fort Lauderdale Chamber of Commerce, and a member and former director of the Lauderdale-by-the-Sea Chamber of Commerce. |
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Developed by CRE HUB at iMedia International for Premier Hotel Realty.
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