Dear Friends, Incredibly, it's the end of 2022. This year has been a whirlwind of activity with many ups and downs as investors across asset classes have had to contend with high inflation and rising interest rates.  But first, on a personal note, I am exceptionally proud and humbled to share with you two recent honors I received from the Greater Fort Lauderdale Chamber of Commerce. The first is the Member of the Month and the second is the Person of the Year! These two honors mean so much to me because they were granted by my peers--other business owners just like me, who see the work that I do and have chosen to honor me. I have the privilege of working with and having a community of extraordinary people, volunteers, entrepreneurs, community organizers, and neighbors, and I am very grateful to have the opportunity to serve my community. Best Regards,

‌ ‌ Rick Tobin | Commercial Real Estate Broker Premier Hotel Realty 954-543-5411 PremierHotelRealty.com #TheHotelBroker

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🔹Director, Greater Pompano Beach Chamber of Commerce 🔹Member, Greater Fort Lauderdale Chamber of Commerce 🔹Video Host: Hotel Happenings with Rick Tobin

P.S. Considering selling your hotel property? Contact me. I will sell your hotel.

FOR SALE | Hotel Seacrest PRICE: $3,290,000 4560 Bougainvilla Dr | Lauderdale-By-The-Sea, FL 33308 This award-winning hotel offers owners the opportunity to own and live in a turnkey tropical oasis surrounded by lush vegetation in beautiful Lauderdale-By-The-Sea, Florida, just steps from the beach.

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The Hotel Industry Continues to Show Resilience

The latest U.S. hotel forecast revision for 2022 was released. Occupancy was adjusted slightly downward by less than a percentage point for 2022. Previous ADR and RevPAR projections were maintained. The forecast predicts performance to strengthen in 2023, maintaining an upward trend through 2025. Read more here.

U.S. Hotel Performance For the Week of November 20-26, 2022…

Here’s a nationwide snapshot per STR‘s latest data:   📌 Occupancy decreased by -0.5% from 2019 to 50.4%. 📌 The average daily rate increased by +20.4% over 2019, to $135.49. 📌 Revenue per available room increased by +19.9% from 2019 to $68.27.   Among the Top 25 Markets: The largest occupancy increase over 2019 was reported by Minneapolis, from +7.6% to 42.0%.  The highest ADR and RevPAR increases over 2019 were reported by Phoenix. The ADR increased by +42.7% to $151.24. The RevPAR increased by +44.8% to $85.05. The only RevPAR decrease from 2019 was reported by San Francisco, -21.0% to $73.73.  Read more here.

Featured Opportunity Outside of Florida Copperhead Lodge & Resort presents an exceptional opportunity to tap into a growing market and interest in the outdoors. Situated on 6.63 acres in the beautiful Georgia mountains, this property won't last. Don't miss out.

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Rick is a member and director of the Greater Pompano Beach Chamber 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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