Category: Real Estate, Development, and Design

Asset Management for a Changing World: Learnings and Strategies from the Pandemic

By: Chad F. Sorensen & Gabriel Stein, CHMWarnick Prior to the onset of COVID-19, hoteliers around the world were enjoying a “Golden Age of Hospitality.” Record-breaking performance in 2019 continued a period of reliable growth, development pipelines surged globally, portfolios expanded from a proliferation of brands with minimal differentiating attributes, and investor confidence remained strong resulting in healthy […]

COVID-19’s Impact on the U.S. Hotel Sale Transaction Market

By: Daniel H. Lesser, MAI, LW Hospitality Advisors We live in extraordinary times as there are only a limited number of periods in America’s 245-year history which have been as transformative as 2020 (i.e., 1776, 1865, 1929, 1945, 1968, 2001).  The confluence of a global pandemic, mass civil disobedience, and the transfer of power will […]

B&Bs on Cape Cod: Is the Current Operating Model Sustainable?

By: Brian Testorf, Sean Cuthbertson, & Jonathan Jaeger, MAI, LW Hospitality Advisors As one of the earliest forms of lodging establishments, the bed and breakfast inn (B&B) has long been prevalent in American society. The Association of Lodging Professionals defines a bed and breakfast inn as “a small lodging establishment consisting of four to eleven guestrooms, with six […]

Green Hotels: An Overview

By Minu Agarwal and Prashant Das In this article, we adopt a real estate perspective and explore the sustainability implications of hotels. First, we provide a background on sustainability, describe how it relates to the hotel sector and synthesize literature on the economic implications of sustainability. Further, we provide and explain trends on sustainability certifications, […]

From the Archives: The Bleacher Bar at Fenway Park: Transforming a Former Indoor Batting Cage Into a Unique Eatery and Bar

Please note: this article is a re-published feature from our Fall 2015 issue. As one of the BHR’s most popular articles, this piece dives into the history of one of Boston locals’ favorite summer bars, situated right in Fenway Park.  By Graham Ruggie As one of the oldest cities in the United States, Boston is steeped in […]

A Place for Everything and Everything in Its Place: The Application of Feng Shui to Hotels

  By Ingrid Lin “You wouldn’t build anything in most parts of Asia without having feng shui consultants come in and help you.” – Neil Jacobs, the president of global hotel operations for Starwood Capital. Feng Shui:  real, phony, or magic? The western world might consider feng shui to be a mystical and mysterious art, […]

Hospitality Healthscapes: The New Standard for Making Hospitals More Hospitable

By Courtney Suess, Makarand Mody, & Gabrielle Guarracino What words come to mind when you think of a hospital room? Chances are, your results might sound something like this: Stark. Sterile. Bare. Clinical. These don’t paint a very attractive picture, nor do they engender any comfort for those who find themselves needing to stay at […]

Kitchen Organization in Full-Service Restaurants: Reducing Heat and Stress

  By Peter Szende and Justin Cipriano The restaurant industry is a dynamic ever changing business. The concepts change every day, the trends come and go but at the industries core it is about giving the guest an experience within each of the restaurants respected segmentation. Specifically, in how is an experience delivered to the […]

C-corporation Hotels vs. Hotel-REITs: A Theoretical and Practical Comparison

Tarik Dogru What are the main differences between C-corporation hotels, such as Marriott, Hilton, and Choice, and Hotel-REITs like Diamond Rock, Felcor, and Host? What are the potential growth opportunities in these hotel structures? This article attempts to answer these questions from a theoretical and practical perspective by comparing two corporate structures, their business models, […]

The Heart of Successful Hotels: Going Beyond the Monopoly Game Strategy

By Joseph Khairallah and Andrea Foster To investors, hotels are real estate.  At the end of the day, why do investors put their money in hotels vs. other types of real estate?  For the prospect of superior investment returns – the current operating cash flow and the reversionary value upon exit (sale) in excess of […]