Hotel Equity & Lender Perspectives (HELP) Conference to be held April 8-9, 2013 at the Seaport Boston Hotel.
Despite steady momentum in lodging investment fundamentals, opportunities to acquire assets at favorable prices and desired returns are not easy to come by in this market, leaving many private equity investors on the sidelines scratching their heads while hunting for deals. So where are the opportunities right noe for priavte investment?...
Anticipating a tsunami of hotel refinancing, development and refurbishment projects as the hotel industry continues to recover, industry leaders today announced plans to host the inaugural Hotel Equity & Lender Perspectives (HELP) conference, a two-day hotel investment event scheduled for May 2 – 3 at the Westin Waterfront Hotel in Boston.
Hoteliers have long struggled with what to do with food and beverage. Is it a profit center, an enticement to book a meeting, or a necessary evil? Regardless of your opinion, F&B typically accounts for more than one-fourth of a full-service hotel’s revenues and has an ever-expanding role in limited-service properties. The food and beverage department typically represents a significant opportunity to enhance a hotel’s profitability, value and investment returns.
Cautious optimism surrounds the industry as owners and operators look to 2012 as a recovery year fueled by average daily rate, providing long awaited profit growth and a collective sigh of relief. But while we would like to remain focused on better years ahead, hoteliers now face the ramifications of significant deferred capital expenditures and a hefty price tag to catch up.
Capital Hotel Management (CHM), a leading hotel asset management and investment firm, today announced that it has acquired Santa Monica Hotel Group of Los Angeles, California, to expand its asset management capabilities and presence on the West Coast.
Lodging experts have written numerous articles on revenue management aimed at addressing specific tactical issues on pricing, distribution and measuring results for those “inside” the operation. By contrast, this article is intended for the “outsider” – namely individuals closely vested in hotel performance, but not directly involved in daily operations…hotel Owners. While the art and science of revenue management should be left in the hands of the property management and asset management teams, here are some key considerations which may be helpful to hotel owners in evaluating the role and effectiveness of revenue management and understanding the influence it can have on hotel performance and overall asset value.
Lodging Hospitality reports on lender strategies and the role of hotel receivers, including insights from Capital Hotel Management's CEO, Ken Wilson, among others.
Real Estate Forum reports on the hotel investment climate, including deal flow, pricing and transactions with insight from CHM Partners' Roger Clark and Ken Wilson.
Chad Crandell and others, share their top five hotel asset management secrets.
HNN Reports - Asset-management giant Capital Hotel Management seeks to be co-investor in hotel assets after launching new division.
Lodging Magazine reports that hotel executives continue to gain more optimism concerning the lodging industry's recovery as demand returns but remain on the look out for when rates will begin to increase.
Capital Hotel Management (CHM), a leading hotel investment, advisory and asset management firm, today announced that it has formed CHM Partners LLC, a new division of the company, to acquire hotels primarily as a co-investor with other equity partners. Hotel real estate veteran Roger Clark has joined the partnership as a managing partner.
Capital Hotel Management (CHM), a leading hotel asset management and investment advisory firm, today reported it expects to see an exponential leap in demand for hotel asset management services from the lending community as they look for qualified hotel receivers.
Featurted in Global Hotel Network CHM President, Chad Crandell, shares insight to the current lodging market, performance trends and outlook for recovery, as well as trends reflecting a major shift in asset ownership.
Hotel Business - Roger Clark of CHM Partners discusses the lodging investment market today, outlook and opportunities on the horizon, particularly the value add of asset management as an investment platform.
CHM has extensive experience in asset managing hotels at varying stages of transition and has partnered with the lending community for nearly two decades in developing loan re-structuring, hotel receivership and workout strategies on the behalf of a wide variety of financial institutions. Read more about CHM's targeted hotel lender services here or in the Strategy section of our website.
CHM’s Chad Crandell shares thoughts and strategies with respect to balancing guest satisfaction with food & beverage profitability amidst the current economic climate. Article published by Lodging Magazine, July 2009. [www.www.lodgingmagazine.com]
Global Hospitality Resources, Inc. asked Chad Crandell, President and Co-Founder of CHM, to comment on the current state of affairs at CHM and to provide an outlook on the firm's growth plans.
In a Special Report from Hotel Business, CHM discusses hotel asset management and strategies for withstanding the current economic environment.
April 2, 2008 - Capital Hotel Management (CHM), a leading hotel asset management and investment advisory firm, today announced that it has been engaged by Losan Hotels World to asset manage the recently acquired Renaissance M Street Hotel in Washington, D.C.
CHM engaged as a hotel investment advisor to RexCorp Realty LLC (“RexCorp”), to asset manage the newly acquired Marriott Long Island Hotel & Conference Center in Uniondale, New York.
Asset managers are continuing to work overtime - in every sense of the word - when it comes to reaching, maintaining and exceeding the goals of owners.
Our industry has made a sizable investment in recent years to improve the guest experience, specifically the sleeping experience.
The management agreement is the single most important contract entered into by the hotel owner. Careful negotiation of this legally binding document is critical, as it sets the rules that define the long-term relationship between the owner and operator and is referenced routinely throughout the life of the contract.
Real Estate is one of the most dynamic and enticing businesses in our capitalistic society. Much of the great wealth accumulated in this country has its origins in the development, ownership, and management of real estate. While the office, retail, and residential segments all have their challenges and rewards, most view lodging as the most diverse, complex, and multi−dimensional of real estate asset classes.
Some general managers unnecessarily cringe when they hear the phrase "asset manager." Owners, on the other hand, smile with the satisfaction that an asset manager is carefully watching over their investments.
As a result of the recent sharp declines in the stock market, investment advisors are counseling their clients to rebalance their investment accounts to reflect the dynamics of a changing economy. The same advice can be applied to hotel owners and their capital expenditure allocations.
When the International Society of Hospitality Consultants met in Chicago in September, its members had a lot on their minds. The group corralled those thoughts to create its annual top 10 list of issues and challenges facing the industry, which includes the changing distribution channel, terrorism and safety and financial issues.
Beverly, Mass.-based Capital Hotel Management said it is benefiting from the current trend in the industry to use hotel asset managers.
Capital Hotel Management (CHM) has signed a contract to asset manage the Hilton Hotel & Conference Center in Scranton, PA, a project which has been stalled since 2001 due to financing issues. The 175-room, nine-story hotel began construction in 1999. The hotel now is scheduled to open in July 2003.
CHM announced that it has been awarded the asset management contract for the Hilton Baltimore Convention Center Hotel on behalf of the Baltimore Hotel Corporation (BHC), a non-profit corporation established by the City of Baltimore.
CHM is pleased to announce the launch of CHM Government Services, a new division dedicated to assisting government and public agencies, and their partners, with complex issues surrounding the ownership and operation of hospitality and recreation assets. [more]
CHM shares strategies and insight on how to preserve asset value during a downturn based on experience and lessons learned.
The general sentiment in the industry is that hotels are nearing, if not at, the peak of the pricing cycle, not too dissimilar from the climate surrounding the late 1990’s. However, a couple of key points of differentiation separating today’s market vs. STLC (same time last cycle). For one, by 2001 a slowdown had been projected, but 9/11 and the series of events that followed, literally pushed the industry over a cliff. As we stand today, to quote an industry catch phrase, RevPAR is “increasing at a decreasing rate”, whereby growth rates are slowing to a historical norm, but performance is not presently or anticipated to decline anytime in the near future. [more]
CHM provides some "Food For Thought"...dispelling the top five myths surrounding hotel dining and suggests strategies for maximizing food and beverage departmental profits.
Here we are again, about to embark on yet another year...counting our blessings for successes achieved as an industry in 2006, with aspirations of reaching new milestones, improving overall performance and continuing to enhance returns in 2007.
Find out how effective hotel asset management adds value during a transition period, whether following a hotel acquisition, change in hotel brand and /or operator. Asset managers play a critical role in mitigating risk and ensuring owner investment objectives remain a focus and are not lost during a transition.
Like many, pension funds have chosen real estate investments as an opportunity to diversify their portfolios and improve overall fund returns.
Pareto's Principle, otherwise known as the "80/20 Rule", reminds us to focus on those things that matter most, as typically 20% of the issues control 80% of the outcome. While we are firm believers of this proven philosophy, we also subscribe to a second philosophy, which we refer to internally, as Low Hanging Fruit.
Ken Wilson, CEO and co-founder of CHM, and 25-year veteran of the hospitality industry, lends his thoughts on the current hotel cycle, including what opportunities exist for investing and where were headed for '06 and beyond.
Budget season is upon us once again and this year the experts are giving hotel owners and investors much cause for celebration, promising continued demand growth and great strides in rate. Time will only tell to what degree market optimism is shared by operators. For this reason, the Operaitng Budget is much like a crystal ball, providing a snap shot of future property performance expectations, but also providing insight into your operator's goals, objective and the level of commitment they have to creating value for Ownership.
Studying the forecast, monitoring group pick-up, reviewing financial results, benchmarking to the competition - these are effective means of assessing hotel operations, and at this level, assuming competent managment, your operator has it covered - after all that is what they are paid to do. There is, however, a more broad meaning and purpose implied by the term "operational assessment", typically not captured as part of the daily oversight.
Highest and Best Use (HABU)...just what the hotel industry needs, another acronym. Most commonly associated with identifying potential uses of vacant land and commercial real estate, HABU is a concept that is readily adaptable to hotels. At CHM, we incorporate HABU as a critical component of hotel investment strategy, always evaluating and identifying ways to maximize profitability and enhance asset value and Owner returns.
"Top Five Tips", "Top Three Hints", "Top Ten Thoughts"......if only enhancing hotel value were that easy and that obvious. Although the presence and practice of hotel asset management has evolved considerably over the past ten years, many of the articles written on the subject focus more on the "how" than on the "why" asset management is so effective. CHM offers the following perspective on hotel asset management and how it can deliver "what" owners need...results.
This is it, the moment of truth, full steam ahead, where the rubber meets the road…...it’s the official downturn in the lodging cycle! While certainly not happy about the current state of the economy, we recognize that this period in the cycle tests the real value of asset management.