Paul Cooper

While the July hotel performance shows only slight year-over-year growth, this stability signals a robust foundation for future projects. A steady market means confidence in new builds and renovations, which is great news for developers looking to capitalize on consistent demand. #HotelConstruction #RealEstateDevelopment #ConstructionTrends #HospitalityGrowth #BuildingBetter

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Extended-stay properties are delivering 50% + GOP margins while keeping labor costs at 15%—half of traditional hotels. With US market growth projected at $25B by 2027, capitalizing on this proven model's efficiency could be valuable for select service operators, particularly amidst the rise of remote work, which has seen more professionals seek out extended-stay properties. #HotelInvestment #BusinessTravel #IndustryGrowth

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OPINION: A design-build development style allows hotel owners to consolidate the traditional phases of development for a more streamlined, flexible approach, writes Jake Zwaagstra. #hotels #hoteldevelopment #hotelconstruction

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International hotel chains have asked New York City politicians to slow down on a Council bill that would decimate the hospitality economy 🗽 The American Hotel & Lodging Association Interim President & CEO Kevin Carey has issued a statement after the introduction of a New York City Council bill that would force hotels to abide by arbitrary operational mandates in order to stay in business. “This abrupt and destructive bill would permanently alter how hotels operate and threaten the jobs of thousands of New Yorkers.” 🔗 Read more online! #newyorkhotels #councilbill #legislation #hotellaw #hospitality #accommodation #newyork #bigapple #hotelmagazine #hotelnz #nzhotel #hotelindustrynz #nzhotelindustry #tourismnz #tourismindustrynz #boutiquehotels #travel #travelnz #nztravel #hoteliers #hoteldesign

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Wyndham Hotels & Resorts and Decameron All Inclusive Hotels & Resorts have teamed up to offer more all-inclusive offerings than ever before! #hotels #hotelnews #hotelsandresorts #allinclusive #travelnews #travelindustrynews #traveltrade #travel #resortnews

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In the process of selling a hotel, the hotel’s general manager is an incredibly critical player. Often drafted into a sales process involuntarily, the GM can singlehandedly elevate or undermine the sale of his or her hotel, impacting its value meaningfully, either positively or negatively. In our April edition of Hospitality Industry Insights, Managing Director Christopher Plasencia discusses maximizing the impact of a hotel’s general manager in the sales process. Read the entire article here: https://lnkd.in/eATXDfHZ While you're there, be sure to sign up for more hospitality news and market analysis from The Plasencia Group by opting into our news and communications! Whether you're ready now or just beginning to prepare your property for a disposition, The Plasencia Group is here to assist you in maximizing your asset's value. Let our highly skilled team put its decades of invaluable experience to work for your hotel or suite of hospitality assets. We invite you to get in touch with one of our Investment Sales or Owner Representation team members today to discuss how we can help you achieve your investment objectives. #CRE #hotelinvestment #ownerrepresentation #assetmanagement

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For some modern hotel developers, local politics, not supply and demand, are the driving force behind investment decisions. According to Dan Daley, Managing Partner of Ten Five Hospitality, “It's the underlying fundamentals of a city, what's the spirit of the city, what's the energy of the city. What's their creativity and the culture we think we can build a really interesting story around and add something to.” Greg Friedman, CEO and Managing Principal of Peachtree Group, prefers to focus on markets with favorable demographic trends and supportive local politics rather than pursuing discounted markets that might represent headaches down the road. Read more at the full article below.

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How to Mitigate Pitfalls in the Hotel Pre-Opening Phase By Nayla Chowdhury, Senior Director – Asset Management, Stirling Hospitality Advisors Whether you’re a seasoned hotel manager or a first-time hotel operator, the hotel pre-opening phase presents significant challenges that, if not managed carefully, can lead to delays, budget overruns, and operational inefficiencies. Each step, from planning and construction to staffing and financial management, requires precise coordination. Therefore, establishing a clear, time-bound critical path is crucial for effective pre-opening management. Read More: https://lnkd.in/dSSKvWmZ #StirlingHospitalityAdvisors #hotel #hospitalityintegrator

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Despite initial concerns, hoteliers are seeing the promising start of new demand after Miami Beach "broke up" with spring breakers. In this HNN article, Bryan Wroten examines how hoteliers coped with this decision, what their adapting strategies looked like, and how they'll plan for 2025 . More here: https://bit.ly/3VTXLlE

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Wyndham Hotels & Resorts has announced results for the three months ended June 30, 2024. The highlights of the results include: -Global RevPAR grew 2% in constant currency -System-wide rooms grew 4% year-over-year -Opened over 18,000 rooms globally, including over 7,000 in the U.S., which represented a year-over-year increase of 16%, and the first ECHO Suites Extended Stay by Wyndham -Awarded 180 development contracts globally, including 96 contracts in the U.S., which represented an increase of 33% year-over-year -Development pipeline grew 1% sequentially and 7% year-over-year to a record 245,000 rooms -Ancillary revenues increased 6% compared to the second quarter of 2023 Diluted earnings per share increased 30%, to $1.07, and adjusted diluted EPS grew 22%, to $1.13, or 12% on a comparable basis -Net income was $86 million for the second quarter, a 23% increase over the prior-year quarter; adjusted net income was $91 million, a 14% increase over the prior-year quarter -Adjusted EBITDA increased 13% compared with the prior-year quarter, to $178 million, or 6% on a comparable basis -Returned $162 million to shareholders through $131 million of share repurchases and quarterly cash dividends of $0.38 per share -Successfully completed the repricing of its Term Loan B Facility, reducing its interest rate by 60 basis points to SOFR plus 1.75% and upsizing the facility by $400 million https://lnkd.in/gxpa9rY8

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PERE Hospitality Report 2024: navigating market disruptions in hospitality. Despite the current challenges in hospitality, there are significant opportunities for well-capitalized owners, says Rockbridge’s James Merkel. Read the full interview here: https://lnkd.in/esSPH5YU

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We talked to Rebecca Cocchiola at Singerman Real Estate about investment opportunities in the Caribbean. #hotelinvestmenttoday #hotel #hospitalitynews #hotelnews #hospitalityindustry #hospitality 

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📢 Top 3 News from Wynn Resorts : • Wynn Resorts has reported impressive Q2FY24 financial results, showcasing significant revenue growth and successful strategic initiatives in key markets. • On August 6, 2024, the Board of Directors of Wynn Resorts declared a cash dividend of $0.25 per share on its common stock. This dividend is scheduled to be paid on August 30, 2024, to shareholders who are recorded as of August 19, 2024. • Wynn Resorts has set a goal to increase its renewable energy procurement to at least 50% of its total energy consumption by 2030 💥Don’t miss the chance to acquire this report ! #data40 #dataset #dataanalytics #igaming #gaming https://lnkd.in/eNif-JES

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Davidson Hospitality Group is celebrating 50 years. In this exclusive cover story, CEO & President Thom Geshay recaps five decades of growth, his journey along the way and how Davidson is more than just another third-party management company. Full story: #HOTELS #hotelnews #hospitality #hospitalityindustry #hospitalitynews #hotelindustry #lodgingindustry

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Why a slowing RevPar environment could actually further Hilton growth. Read HOTELS’ full Q3 report: #HOTELS #hotelnews #hospitality #hotelindustry #hospitalitynews #hospitalityindustry #q32024 #hiltonhotels

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Boutique hotels emerged to satisfy an unmet consumer demand for non-commoditized accommodations. Today, we are witnessing new experiential lodging concepts supported by secular tailwinds. Patrick Tan, RobertDouglas Senior Vice President, comments on the experiential lodging sector and discusses the life cycle of these high growth hospitality brands. #hotels #hospitality #lodging #growthequity #capitalmarkets #investmentsales #financing https://lnkd.in/gf33n-Dg

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