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(Updated June 2013)
Hotel/motel investment is a specialized part of the commercial real estate world. But what are the tricks of the trade? Find out what you need to know about management, security, brokerage and appraisal in the Field Guide to Hotel Properties. (S. Hogan, Information and Web Content Specialist)
Investing in Hotels & Motels
Lenders, Investors Get Hungry for Hotels as Sector Benefits from Healthy Demand Rates, (National Real Estate Investor, June 4, 2013).
Low Interest Rates, Improving Fundamentals Buoy Hotel Investment Prospects, (National Real Estate Investor, Mar. 25 2013).
Hotel Sector Continues to Rebound, (National Real Estate Investor, Mar. 24 2013).
HVS Hotel Development Cost Survey 2012/13, (HVS, Jan. 2013).
Maximizing Tax Benefits When Buying a Hotel, (HotelNewsNow.com, June 4, 2013).
Gateways to Citizenship and Hospitality: Hotel Financing through EB-5, (HVS, May 21, 2013).
Is it Better to Buy, Sell, or Develop? (HotelNewsNow.com, Apr. 17 2013).
High-end hotels lead industry rebound, (Mortgage Banking, July 2011). Q
Hotel/Motel Management
Top 10 Trends of the Next Generation of Travel: The Millennials, (HVC, Apr. 2013).
A 7-Step Strategy to Manage Hotel Online Guides Reviews, (HVC, Apr. 2013).
Luxury Hotels: Room to Disagree, (The Economist, Apr. 20, 2013).
Hoteliers Invest Online as Bookings Increase, (The Lobby blog, Feb. 22, 2013).
Morgan’s Homegrown Chief Market Preps for Global Expansion, (Advertising Age, Apr. 22, 2013). Q
An Analysis of the Competitive Marketing Strategies of the Hospitality Industry in UAE, (Journal of Management Research, Jan. 2013). Q
What’s a Turnaround Expert doing at a Brand that Doesn’t Need One? InterContinental Hotels' …Larry Light talks to Ad Age, (Advertising Age, Nov. 5, 2012). Q
An Investigation of Hoteliers' Attitudes toward the Use of Social Media as a Branding Tool, (International Journal of Marketing Studies, Aug. 2012). Q
Safety & Security Issues
2013 Cost of Data Breach Study: Global Analysis, (Symantec/Ponemon Institute, May 2013).
—Security is a concern for hospitality businesses that store guest payment information; this report compiles data on costs involved in security breaches across 277 organizations in nine countries in 2012.
Hotel Security Network Curbs Crime, (woai.com, May 23, 2013).
Hotel-Motel Security Liability, (AmTrust, Apr. 2011).
—This report provides security questions to consider in all areas of hotel management, such as parking, access control, common areas, lock and key control, guest room security, neighborhood crime, and more.
How to mitigate liability in face of catastrophes, (HotelNewsNow.com, Mar. 4, 2011).
Hotel and Motel Fires, (Topical Fire Report Series, FEMA, Jan. 2010).
—Report provides statistics on fires by type of incident, loss measures, time and month of fire occurrence, causes, and more.
Appraisal Considerations
Hotel Valuation and Transaction Trends for the U.S. Lodging Industry, (HVS, Jun. 2013).
New Option in Hotel Appraisals: Quantifying the Revenue Enhancement Value of Hotel Brands, (The Appraisal Journal, Summer 2012). Q
Hotel Market Analysis and Valuation: International Issues and Software Applications, (The Appraisal Journal, Summer 2012). Q
Comparing Same Hotel Across Five Regions, (HVS, Nov. 2, 2011).
Lessons from the 2011 U.S. Hotel Appraisals Hospitality Conference, (HVS, Oct. 27, 2011).
Hotel Valuation and Transaction Trends for the U.S. Boutique Lodging Industry, (HVS, Oct. 2011).
Hotel-valuation process gets more complex, (HotelNewsNow.com, May 25, 2011).
eBooks & Other Resources
eBooks.realtor.org
The following eBooks and digital audiobooks are available to NAR members:
Chocolates on the pillow aren't enough: reinventing the customer experience (Adobe eReader)
Commercial Real Estate Restructuring Revolution: Strategies, Tranche Warfare, and Prospects for Recovery (Adobe eReader)
Hotel Success Handbook (Adobe eReader)
Books, Videos, Research Reports & More
The resources below are available for loan through Information Central. Up to three books, tapes, CDs and/or DVDs can be borrowed for 30 days from the Library for a nominal fee of $10. Call Information Central at 800-874-6500 for assistance.
Commercial Real Estate Quarterly Market Survey, (National Association of REALTORS®).
—See this report for quarterly cap and vacancy rates for hotel properties.
Resort development, (Chicago: Urban Land Institute, 2008). NAC 1800 Ur1rd1
Climbing the real estate risk spectrum, (Chicago: Real Estate Research Corp., 2007). HD 1375 R22c
Trends in the hotel industry, (San Francisco: PFK Consulting, 2002). TX 911 H79us
Field Guides & More
These field guides and other resources in the Virtual Library may also be of interest:
Field Guide to Short-Term Rental Restrictions
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