What makes a good hotel property?
Article Abstract:
A number of factors determine whether a hotel property achieves a competitive advantage over other properties. Such ability to become distinct and differentiated from other hotels is due to factors such as the design and construction of the property, the types of amenities offered, the amount of prestige the property has gained and the location of the property in relation to other attractive destinations.
Publication Name: Real Estate Review
Subject: Real estate industry
ISSN: 0034-0790
Year: 1996
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A new tool for hotel market and financial analysis
Article Abstract:
Room revenue per available room (REVPAR), a new financial- and market-analysis technique, is useful for forecasting hotel room revenues. REVPAR differs from the traditional method of estimating annual room revenue in that it considers occupancy level and average daily rate (ADR) jointly. Occupancy level and ADR have an inverse relationship, and REVPAR focuses on that relationship.
Publication Name: Real Estate Review
Subject: Real estate industry
ISSN: 0034-0790
Year: 1995
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Salvaging the hotel property by Chapter 11 bankruptcy
Article Abstract:
Some 40% of US hotels are not able to service their debt, and many lenders are unwilling to renegotiate loans. Hotel owners can use Chapter 11 bankruptcy proceedings, however, to prevent foreclosure. Through use of the bankruptcy code's 'cram down' provisions, a bankrupt hotel's debts can be lowered to correspond to the property's fair-market value.
Publication Name: Real Estate Review
Subject: Real estate industry
ISSN: 0034-0790
Year: 1993
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