Thorben Biesenbach’s Post

Hospitality recovery continues for urban markets. Earlier this week, for an off-site meeting, I had the pleasure of staying at a CrowdStreet Marketplace hospitality asset - Hotel Adeline, in Scottsdale, Arizona. We introduced this project to our Marketplace in May ‘22 in collaboration with our repeat sponsor, ESI Ventures. Our interest in this project was motivated by the property’s transformation through a $13 million renovation in ‘18, transforming it from a Days Inn to a Marriott Tribute Portfolio boutique hotel. The investment thesis was also driven by a belief in capturing a recovery in Scottsdale’s leisure travel after the pandemic. The hotel's overall ambiance and location stood out to me. Recent improvements, including upgrades to the pool, gym, speakeasy bar, patio, and other common areas, were notable. Situated on N Scottsdale Road, the hotel is in close proximity to some of the city’s top attractions, including Fashion Square Mall and Old Town Scottsdale. The latest data shared by ESI Ventures shows that Hotel Adeline is on track to achieve double-digit RevPAR growth in 2024. This is significant, considering that in January 2024, Costar projected a 1.3% annual growth rate for the greater Scottsdale submarket. Bottom Line: As the greater hospitality market recovery continues, I believe that mid-priced, urban hospitality assets situated in markets that possess broader leisure travel appeal and focus on common area experience stand to benefit. I think assets, such as these, may outperform other urban hospitality assets that rely on corporate travel as their primary driver. What we’re seeing with Hotel Adeline in 2024 is a case study in action. Thoughts? #cre #investing #hospitality #hoteladeline #hospitalityrecovery

🏨 The Hotel Sector: From Underestimated to Investor Favorite 🏨 Once seen as a riskier bet in real estate, the hotel industry has made a remarkable comeback since 2021, driven by a surge in travel demand. While office and multifamily sectors face new challenges, hotels are emerging as a strong contender for investors. 📊 Key Insights: Impressive Growth: Toronto’s hotel market has seen a 6.5% annual revenue growth over the past decade, outperforming more traditional sectors like office and multifamily. New Opportunities: Hotels are becoming key components of mixed-use developments, turning vacant office spaces into thriving hospitality hubs. Resilience and Potential: Hotels offer long-term revenue opportunities, making them a solid option for investors seeking diversification. As real estate continues to evolve, the hotel sector presents exciting opportunities for those ready to explore its potential. 🔗 Read more about why hotels are now a top investment choice: https://lnkd.in/gqS5DN46 #RealEstate #HotelInvestments #HospitalityIndustry #MixedUseDevelopments #InvestmentStrategy #UrbanGrowth #PineappleCapitalGroup

Thinking about the potential of converting existing hotels? Let's explore three innovative hotel conversion options: - Multifamily Units: Transform your hotel into residential apartments. This conversion is especially beneficial in areas with high housing demand. Benefits include consistent rental income and a growing market for urban living spaces. Key considerations: zoning regulations, renovation costs, and market analysis. - New Hotel Brands: Refresh your property by aligning with a new hotel brand. This can rejuvenate an older property, attract a different clientele, and leverage the marketing power of established brands. Key considerations: brand requirements, renovation standards, and franchise agreements. - Mixed-Use Developments: Combine residential, commercial, and hospitality elements. This innovative approach creates a vibrant community hub, increasing foot traffic and property value. Key considerations: architectural design, local market demand, and financing options. Each Hotel Conversion option has unique advantages and challenges. Our team can guide you through the process, ensuring a successful transformation. Ready to explore the possibilities? Let's discuss your next big project! Contact Us: Reco Real Estate Advisors | Info@Reco.RealEstate | www.Reco.RealEstate #RecoRealEstateAdvisors #CommercialBroker #HospitalityBroker #HotelConversion #RealEstateInnovation #PropertyOptimization #MultifamilyConversion #NewHotelBrand #MixedUseDevelopment #RealEstateInvesting #CommercialRealEstate #HotelTransformation #UrbanDevelopment #PropertyInvestment #RealEstateTrends #ModernRealEstate #InvestmentOpportunities #RealEstateStrategy

The lines between hospitality and residential real estate are blurring more than ever, as we witness the rise of hotel-branded apartments. This innovative trend combines the luxury and service of hotels with the comfort and privacy of home, offering a unique lifestyle choice for urban dwellers. Our latest blog dives deep into the dynamics of hotel-branded apartments, analyzing how this trend is reshaping urban living spaces and what it means for the future of the hospitality and real estate sectors. From on-demand concierge services to smart home technologies, these properties are setting new standards in luxury and convenience. Discover the key market drivers, including changing lifestyles and the increasing demand from globally mobile professionals, and explore how these developments are boosting local economies and attracting international investors. Read the full article below to see how hotel-branded apartments are transforming urban living and offering new opportunities for developers and investors. #HotelBrandedApartments #RealEstateTrends #LuxuryLiving #UrbanDevelopment #HospitalityIndustry Bhavin Patel Bhavesh Lad, MBA Saagar P. Amit Patel Michael J. Smith

Have you ever heard the saying, "the only thing you can count on is change"? Over the years the truth of this statement has become increasingly evident both personally and professionally. So, what if I told you that ........ ⌛ 🎆 your industry is changing and you had better get a plan to evolve your buildings, amenities, and management style accordingly. I have always looked to the hospitality industry for inspiration in the Multifamily arena. This article offers a ton of great information and ideas to help you craft or refine your plan. My top 3 trends from the article are numbers 45, 55, and 69. What are yours? Check out the insights here: [Link to the article] 🤩 #IndustryTrends #Hospitality #Multifamily #Innovation #BusinessEvolution

As luxury apartments add hotel-style amenities and serviced apartments blur the lines between residential and hospitality, the big question is: Will tech convergence follow? One week from today at The Venetian Resort Las Vegas I'll be leading a discussion at Blueprint: The Future of Real Estate with some of the top minds in the space: 💡 Richard Valtr (Mews) – The go-to for serviced apartment software that’s reshaping guest experiences. 💡 David Madrid (AvalonBay Communities) – Multifamily visionary bringing hospitality services into residential communities. 💡 Tyler Carrico (Derive Ventures) – Proptech investor who’s spotting the next big thing in real estate tech. 💡 Merilee Karr (UnderTheDoormat Group) – Short-term rentals expert, navigating the intersection of hospitality and home. 🤔 Here’s what we’re asking: ❓Why is there almost no overlap between hotel tech and multi-family tech? ❓At what point do software needs shift for STRs and serviced apartments to incorporate functionality required for hotel level business complexity? ❓What’s the future of hospitality services in the residential world? You won’t want to miss this deep dive into the future of real estate technology. Whether you’re in hotels, multifamily, or proptech, this is the conversation shaping tomorrow’s solutions. 👉 Join us at Blueprint 2024 for a front-row seat to the tech transformation happening now! #Proptech #HotelTech #RealEstate #Blueprint2024 #Multifamily #ServicedApartments #Hospitality #STR #TechConvergence

Exploring Opportunities in Hospitality Real Estate Investment Hospitality real estate investment is a vibrant sector brimming with diverse opportunities. Whether you're seeking long-term stability or short-term gains, the field offers a myriad of strategies to match your investment goals. From flipping underperforming properties to capitalizing on the lucrative branded residences market, there are numerous paths to explore. Here are some areas to consider: A• Long-term Investments: Acquiring hotels or similar properties to hold for several years can yield stable returns over time. B• Short-term Investments: Investing in properties with the intention of selling them quickly for a profit appeals to those looking for quicker returns. C• Property Flipping: Purchasing underperforming properties, renovating them, and selling them at a higher value. D• Diversified Portfolio: Including different types of hospitality properties such as budget hotels, midscale hotels, upscale hotels, and serviced apartments can help mitigate risks and maximize returns. E• Branded Residences: Investing in branded residences sold to third-party investors often commands a premium and provides additional financing for hospitality development. F• Food and Beverage (F&B) Spaces: Properties with strong F&B offerings have become game-changers in the hospitality sector. G• Co-working Spaces: Incorporating co-working spaces into hotel designs caters to the growing demand for flexible workspaces. H• Resorts and Lifestyle Hotels: Resorts and lifestyle hotels maintain high occupancy levels and provide attractive cost structures. Each of these areas comes with its own set of opportunities and challenges, so it's important to conduct thorough market analysis and engage skilled project teams to ensure success. #HospitalityInvestment #RealEstate #PropertyFlipping #BrandedResidences #FandBSpaces #CoworkingSpaces #LifestyleHotels

What if I told you that hospitality could transform our cities into spaces where work, rest, and social life seamlessly intertwine? In an era of profound change, urban spaces must reinvent themselves to survive. Empty glass towers, lifeless neighbourhoods, this landscape is a relic of the past. Today, a new model is emerging. Hospitality represents the future for cities truly connected to their residents. In London, Canary Wharf, a historic financial stronghold, exemplifies this revolution. This district, once rigidly utilitarian, is transforming into a laboratory for contemporary urban living. A project that I firmly believe is much more than just a construction site: a 65,000-square-foot complex that will house the House of Gods hotel, the Amazing Grace concert hall, and event spaces. Turning an office into a hotel is not merely about repurposing square footage; it is about redefining the role of space to create vibrant places—crossroads where human stories intersect and unfold. Sleeping, working, connecting: these activities blend to make urban spaces places to live rather than segregated zones. We at AccorInvest are already part of this movement. Our Novotel Canary Wharf, led by the incredible Jacqui McMillan and her team, stands as a prime example of this transformation. It’s more than a hotel — it’s a destination. With Bokan, its signature restaurant, top-tier meeting rooms tailored for businesses, and spaces designed for connection, it embodies the potential of hospitality to create hubs of interaction and experience. Tomorrow, our cities will be fluid, human, and reflective of our ever-changing lifestyles. Every project we undertake as a key player in the hospitality sector, every building we transform, contributes to a future where living together takes on a deeper meaning. This is why I believe that hospitality is a promise of reimagined urbanity. This brings me to a thought-provoking question for our industry: 1️⃣ How do we envision hotels as more than places to sleep? How can we repurpose buildings to create meaningful urban experiences? 2️⃣ Louis Durand-Viel, from an Asset Management perspective, how do you see this evolution? Franck Bermond, as Director of Construction, what’s your perspective on designing hotels that go beyond traditional functionality? 3️⃣ And to you, my LinkedIn community: What role do you think hospitality plays in the cities of tomorrow?

From serviced apartments to co-living spaces, the demand for adaptable accommodations is growing across Europe and beyond. I had the opportunity to share insights in this piece with Hospitality Investor, discussing how different markets are adapting to these trends and how FLOK leverages these opportunities to customize our offerings and provide value for investors. "The rise of flexible accommodation options like serviced apartments and co-living spaces is more than just a trend—it's a fundamental shift in how people live and travel." Read more in the article below: https://lnkd.in/diERxTww #Hospitality #RealEstate #FlexibleLiving #CoLiving #ServicedApartments #UrbanLiving #InvestmentOpportunities #FLOK #stayflok

The hospitality industry in Dallas is currently witnessing an interesting trend: the emergence of dual-branded hotels. By leveraging multi-brand design, these distinctive establishments are seamlessly maximizing the potential of their sites by fitting in more rooms - an economically strategic move that also curtails demanding construction costs. Forecasting the impacts of this trend reveal some intriguing possibilities. • Cost Efficiency: There is a ripple effect in containing construction expenditures. Apart from benefiting the developer, it ensures more affordable yet premium accommodations for guests - driving more traffic. • Better Business Opportunity: The higher occupancy provided by extra rooms directly contributes to better returns on investments. Consider this - more rooms results in greater revenue potential. • Space Maximization: Locations with limited lateral expansion space stand to greatly gain from this trend. Whether these buildings are towering sky high or breaking tradition with innovative architectures, the concept of dual-branding offers an ingenious solution to high-density areas where land is precious. Greater sustainability might also be a positive fallout from this trend. Can we, perhaps, breathe a sigh of relief as this move potentially slashes the sizeable carbon footprint that comes with large-scale construction? It will be particularly enlightening to observe how this evolves within Dallas - a city where modern living blends beautifully with its brimming history. Taking the scope even further, one might recognize this as a progressive model that transcends geography. 1. How would this trend fare in bustling metro cities? 2. Would this model work equally well in traditionally quieter locations? Undoubtedly worth exploring the application of this green, efficient, and profitable model to a wider range of destinations. As we continue keenly observing, the current rise of dual-branded hotels in Dallas provides ample fodder for thought - promising fascinating insights into the ever-evolving spectrum that is the global hospitality industry. #Hospitalityindustry #Dallas #Dualbrandedhotels #Trends #businessgrowth #sustainability