As revenues have largely recovered back to 2019 levels (widely viewed as the last stabilized year), the lodging sector is now under significant expense pressure in Wages, Property Insurance, Taxes and Operating Supplies. This, coupled with the interest rate environment, and wavering travel preferences, continues to exert considerable stress on hotel asset performance. Additionally, the ongoing Cap Ex needs (Franchisor mandated as well as ongoing infrastructure maintenance) have left some hotels more challenged than others.

Key topics include:

• Transactions – All the “Dry Powder on the Sidelines” doesn’t seem to be translating to a vibrant transaction market. Who is going to blink first, lenders, owners or investors? What are we seeing in the hotel market today from an investment sales and or ownership side? How do we think through obsolete hotels? When do new construction starts ramp back up? Is hotel to prison transition the new Office to Multifamily?
• Remember, it’s a Franchise – The brands have a big stake in every hotel and often get the last word. Are they helping or hurting? What’s in it for them? Thoughts on being flexible around these economic challenges?
• Who are the new Lenders – Is Debt the new Equity? What are the legal speedbumps in transactions in restructures and or new deals?
• Operations – 24 Hour Leases and significant variable payroll make hotels an operating business, not real estate. How are operators adjusting to the new normal?

This seminar will feature industry experts, including experienced investors, brokers, operators, lawyers, loan servicers, franchisors and appraisers. Participants will have the opportunity to engage in interactive discussions, network with peers, and gain actionable insights to stay ahead in the competitive commercial real estate market.