With the cost of doing business in some cases rising faster than revenue, the asset manager is playing a more critical role for owners. Maxine Taylor advocates for owners as senior vice president out of the San Francisco office of asset management company CHMWarnick. In addition, this year she is president of the Hospitality Asset Managers Association (HAMA), which works to enhance asset values and promotes standards of conduct among members. HOTELS Investment Outlook talked
Dubai hotels achieved the highest occupancy, average room rate (ADR) and revenue per available room (RevPAR) across the MENA region during the first quarter of 2018. According to the latest EY Middle East Hotel Benchmark Survey Report, the city’s occupancy reached 86.9% with an ADR of $293, which led to an overall RevPAR of $255 in Q1.
It said occupancy in Dubai increased by 0.8%, possibly due to international visitors of the 23rd edition of the Dubai Shopping Festival as w
AccorHotels acquisition spree continued on Friday with news that it has signed a letter of intent to acquire a 50% stake in Sbe Entertainment Group, expanding its reach into the lifestyle segment and further growing its limited portfolio in North America by adding gateways like New York, Los Angeles, Las Vegas and Miami. AccorHotels will acquire the 50% of sbe's common equity held by Ron Burkle’s Yucaipa Cos. and the real estate investment firm Cain International for US$125 m