msu lodging index: detroit tourism improving, but lags in hotel market performance
Oct 28, 2011 |
The Detroit hotel market currently ranks 23rd out of 25 U.S. metropolitan areas in Michigan State University's (MSU) Lodging Market Potential Index (L-MPI©), but the news might not be all bad, according to Steve Marx, owner of Hotel Source, Inc., a Chicago-based real estate brokerage and advisory services firm. (+) Read Full Version
‘Funky money’ key to get boutiques off the ground
Oct 24, 2011 |
MIAMI BEACH, Florida—Securing “funky money,” assembling the right team and envisioning a location that can be developed to create jobs are key to a successful adaptive-reuse hotel, according to a 20 October panel at the third annual Lifestyle/Boutique Hotel Development Conference.(+) Read Full Version
Hoteliers: keep your eye on the prize
Jul 27, 2011 |
It’s better if you don’t look right now. Avoid the urge to stop and turn to see what’s bustling in the hedgerow. It’s OK to peek, but the focus should be ahead on the things you can control.
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Midwest's Hotel Recovery Gains Momentum
Jul 26, 2011 |
| From left: John Jameson, Paul Kirwin, Sanjeev Misra, Hans Detlefsen, John O’Neill |
Sanjeev Misra, Paramount Lodging Advisors: “I’m very excited about the investment environment. I think the chess game is on. The people who are legacy hoteliers who have been here for 20 or 30 years, use your knowledge of the operating model to find good deals. And if you’re a new investor, make sure you bring someone who has that expertise into your team, or find an outside party to help you understand the product, the brand, the location and these unkowns and you’re going to do very well. It’s not about what’s on the financial statement; it’s about what’s not on there and making good investment decisions.”
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MLIS 2011: A Convention of Lodging Optimists
Jul 25, 2011 |
Last week’s Midwest Lodging Investors Summit was a watershed event in the hotel business. It was the first industry-wide conference since 2007 in which the prevailing sentiment was overwhelmingly one of optimism. Not wishful thinking; not a wing and prayer; but honest and fact-based belief the worst of the industry’s bad times are behind us and plentiful opportunities are ahead for buyers, sellers, operators and even developers.
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Paramount Lodging Advisor Senior Managing Director Sanjeev Misra(+) Read Full Version
Paramount Lodging Advisor Senior Managing Director Sanjeev Misra(+) Read Full Version
New Era for Hospitality
Apr 20, 2010 |
Published in Biznow.com on April 20, 2010
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Foreclosures Reveal Red Roof Inn Distress
Apr 15, 2010 |
Lodging Hospitality managing editor
“Ultimately there are a lot of Red Roof Inns throughout the country,” Beider says. “They’re not going to go away. The economy segment is one of the few segments where there’s really no 500-pound gorilla. The truth is Red Roof Inn has as good an opportunity as anyone to be that gorilla. And maybe if we didn’t have this 30% drop in NOI (net operating income) it would have been. The focus for everyone has been on survival as opposed to meeting the business plan.”
Published in LHonline.com on April 15, 2010
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Kevin Down says Paramount hopes to capitalize on hotel foreclosures in Chicago
Apr 05, 2010 |
Published in Biznow.com on April 5, 2010.
Timing critical for success in the distressed market
Feb 11, 2010 |
By Stephanie Ricca
Hotel and Motel Management
Flexibility and timing go hand in hand, Beider said. “Timing is incredibly important,” he said. “We had an REO asset that we took to market and had an acceptable buyer for, and our client wanted things to move at the same pace they did three years ago. That simply is not reality anymore.”
Published in Hotel World Network on February 11, 2010.
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Hotel and Motel Management
Flexibility and timing go hand in hand, Beider said. “Timing is incredibly important,” he said. “We had an REO asset that we took to market and had an acceptable buyer for, and our client wanted things to move at the same pace they did three years ago. That simply is not reality anymore.”
Published in Hotel World Network on February 11, 2010.
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