🔄 Hotels passed office as the most-converted to residential in 2023. They were 36% and 28% of total conversions, respectively. Most hotels converted were Class B hotels, and New York City led the way: all 733 of its 2023 residential conversions were hotels. According to RENTCafé and Yardi Matrix data, 12,700 new apartments were converted in 2023, almost an 18% increase from 2022. #realestate #adaptivereuse
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Why stick to residential when hotels beckon with higher returns? Hotels adapt to market conditions swiftly, providing potentially higher ROI than fixed residential rents. Getting started in hotels is easier than you think. Let's chat! 801-618-1769 #InvestmentOpportunity #Hotelinvestment #APEXcre
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Hotel properties are unlike any other real estate landscape. While real estate typically involves tangible assets like land and permanent structures, hotels operate on a different level. Mastering Real Estate Concepts: Understanding the world of hotel investment requires a profound grasp of real estate concepts and valuation. Hotels come with a bundle of rights that can vary significantly from traditional real estate. This knowledge is a key ingredient for leadership in the industry. Operational Complexity: Hotels are more than just buildings; they are complex operations. Unlike long-term leases in apartments or offices, hotels rely on guests deciding night-by-nightly. This unique dynamic makes them incredibly responsive to market changes, allowing them to seize opportunities during busy periods and mitigate risks in low seasons. Adaptability: Hotels can quickly adapt to capital and operational improvements, making them handy in an ever-changing market. However, this also means they might be the first to feel the impact of market disruptions. In the world of real estate, hotels stand out for their dynamic and adaptable nature. Understanding these unique characteristics is crucial for success in the hotel industry. If you are looking to list your hotel, contact us at 210-696-9996 or email at Rav@SinghCommercialGroup.com Visit our website to learn more https://lnkd.in/gb_qCicT #Hotel #RealEstateInsights #UniqueProperties #AdaptableInvestments #HotelDynamics #InvestmentSuccess #Hospitality #commercialproperties #hotelinvestment #commericalrealestate #aahoa #SinghCommercialGroup #KWCommercial
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The Real Deal published an insightful article examining condo hotels' true value and projections. The analysis sheds light on how these projects are sold and what buyers can realistically expect. I’m pleased to have shared insights alongside my partner Ivan Chorney, providing our perspectives on the latest market trends and what lies ahead for condo hotels. 📊 Gain a deeper understanding of this evolving sector by checking out the full article at https://lnkd.in/eXRMBk5B #RealEstate #CondoHotels #MarketAnalysis #TheRealDeal #IvanChorney #MichaelMartirena #IvanandMikeTeam #CompassFL #Compass #LuxuryRealEstate #RealEstateInsights #IndustryTrends
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The hotel sector is the unexpected star in real estate investing, gaining traction as a top investment opportunity. While traditionally seen as a risky venture due to seasonality and short-term leases, hotels are now being recognized for their income potential and value-add to surrounding developments. Recent data highlights the hotel sector's impressive growth and resilience, particularly in urban areas like Toronto. #RealEstateInvesting #Hotels https://lnkd.in/djkExTw2
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The Real Deal just published an insightful article examining the true value and projections of condo hotels. The analysis sheds light on how these projects are sold and what buyers can realistically expect. Mike and I had the opportunity to provide our insights, offering valuable perspectives on the current market trends and future outlook for condo hotels. 📊 Gain a deeper understanding of this evolving sector by checking out the full article here: 🔗 https://lnkd.in/eSmZaqi9 #RealEstate #CondoHotels #MarketAnalysis #TheRealDeal #IvanChorney #MichaelMartirena #IvanandMikeTeam #CompassFL #Compass #LuxuryRealEstate #RealEstateInsights #IndustryTrends
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🔔 Strong Interest for Resorts & Serviced Apartments ⭐ Resorts & Serviced apartments are by far the most attractive hotel classes for investors, both of particular interest for investors from the MEA region. ⭐Compared to 2022, the percentage of investors considering Urban hotels as more attractive than in 2019 has doubled from 11% to 22% in 2024. ⭐The overall attractiveness of Airport hotels has improved since 2022. The share of investors considering these hotels less attractive declined from 80% to 69%. These findings are based on surveying 60 leading hotel investors, including senior representatives of major private equity firms, funds, REITs and other institutional investors. For more information and summary of the key findings visit our website: https://cushwk.co/3PYQpJz 👈 Subscribe now to receive tailored updates and expert analysis delivered directly to your inbox: https://lnkd.in/ebPWfeEJ 📑 For further information and support with your hotel real estate in Europe, contact our experts Jonathan Hubbard, Le Fichoux Frederic, Ed Fitch, Katell Bourgeois, Bruno Hallé Boix, Albert Grau - MRICS, Gonçalo Garcia, Alessandro Belli, David Nath MRICS, Josef Filser, Borivoj Vokrinek or contact us at HospitalityEMEA@CushWake.com #CWHospitality #CWHotelInvestorCompass #HotelInvestment #HotelRealEstate #Hotels
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According to CoStar Downtown Myrtle Beach Hospitality, the Myrtle Beach market comprises 274 hotel properties, which contain around 32,000 total rooms. Hotels tend to be larger in the area than in the typical U.S. market, but not by a huge amount. The average building has around 118 rooms, compared to the U.S. average of 88 rooms per building. There are 134 rooms spread between two projects underway in the Myrtle Beach market, representing a 0.4% expansion of the existing inventory. This new supply follows a material amount of recent development: Around 1,100 rooms have delivered in the past three years. #Sperry-KEY Group #CoStar #myrtlebeach #commercialrealestate
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Savills #research: Dublin set for 34% growth in serviced apartments: http://sav.li/c01 #Dublin’s serviced apartment market is on the cusp of significant expansion, with close to 700 new units set to be delivered by 2027, a 34% increase on the city's supply. According to a new report from Savills on the European Serviced Apartments sector, this surge in development comes as investor interest in the sector accelerates across Europe. Tom Barrett, Head of Savills Ireland Hotels & Leisure, says: “Dublin’s growth in the serviced apartment sector is a testament to the city’s dynamic hospitality landscape. As demand continues to rise, Dublin is well-positioned to become a leading market for extended stay accommodation in Europe.” Read the research in full on our website above.
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Seeking financial freedom? 🤑 Short-term rentals offer tempting cash flow, but what if it only took ONE deal to reach your goals? 😱 Boutique hotels present the path to achieve just that, with lower purchase prices per unit, paving the way for exceptional opportunities. How was your experience investing in boutique hotels? #hotelinvestment #realestatesyndication #realestateinvestments #realestateinvestingeducation #realestateinvestingtips #realestateinvestorlifestyle #realestateinvest #realestateindustry #realestateinspiration
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Inside Choice Hotels’ growth strategy as extended stay competition heats up The hotel’s WoodSpring Suites economy extended stay brand is experiencing record growth as developers seek cost-effective construction options and competitors enter the segment. In May, WoodSpring Suites broke a brand record: It opened six hotels in one month, including its first property in the state of New York. The extended stay brand, owned by Choice Hotels International, also opened hotels in Texas, Virginia, Illinois, Florida and California that month, bringing WoodSpring Suites’s total openings to 12 so far in 2023, the company told Hotel Dive. Since its acquisition by Choice in 2018, WoodSpring Suites has grown substantially, with more than 200 locations across the country and a pipeline that expanded by 68% from 2021 to 2022 alone. Read more at: https://lnkd.in/ev-KwBvf #hotel #travelindustry #allsuitehotel #extendedstayhotel #hotelmanagement #hoteliers #hotelmanagement
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