Jack Mullen, CRE的动态

Marriott and Hilton are driving growth in the extended-stay sector, with Marriott’s TownePlace Suites and Residence Inn contributing nearly 40,000 rooms under final planning. Hilton’s Home2 Suites has 15,000 rooms in development, reflecting the sector’s expanding market share. https://lnkd.in/e_vSkAQA

I'm really passionate about the topic of bringing the true essence of HOSTING back to hospitality. In my opinion, we have gotten carried away with modernity and it's time to bring balance to the way we create hotel experiences. ?? on stage at The Boutique Hotel Investment Conference by BLLA - Boutique Lifestyle Lodging Association #boutiquehotelinvestment #hoteliers #hotelinvestment #commercialrealestate #hoteltechnology #hospitalitytechnology

Where’s the New York City Hotel Market? Apparently showing ongoing signs of recovery… 1 Hotel Central Park sold yesterday for just above $1 million per key. According to New York City sales records from 2023 and 2024, upper-end hotels (Mondrian, The William Vale, and 1 Hotel Central Park) are trading between $800K and $1 million per room. Mid-market properties (like Hampton Inn, Hilton Garden Inn, and Doubletree) ranged from $400K to $600K per room. Distressed sales (the Roger Smith, Row NYC) were around $200K per key. Is the landscape shifting? What are your thoughts? #NewYork #Hotel #Hospitality #RealEstate #PrivateEquity

Indianapolis Hotel Review Insights We recently conducted a study of 66 Indianapolis hotels with 90 rooms or less. A key finding: The Microtel Inn & Suites by Wyndham Indianapolis generated the highest number of reviews within the past 6 months. #MyReviewConcierge #IndianapolisHotels #HotelReview #HotelInsights #WyndhamIndianapolis #HotelComparison #HotelStay #HotelAccommodations

There may soon be too many hotel rooms in the Miami area - & that's a great thing for our clients! Why is this important? Right now the hotel market in Miami is HOT - with 72% occupancy & an average room rate of $221 & revenue per available room (RevPAR) at a very high $159. It's no wonder every hotel developer wants to ad so many rooms in Miami. But, in a very short time frame there will be an additional 30% plus more rooms & what this means is our clients can hopefully look forward to lowering prices. Many of the newer properties will be in the $250 plus a night range or more. This means there will be value opportunities at some of the better - but older - properties - many of which were totally renovated over the last few years. As our latest video showed - we can get you value now near MIA - off season - at an amazing $119 a night: https://lnkd.in/ew8Hxzzn Yet - we think we will be able to get you rates near that (off season) even downtown or by the beach especially as new properties come on-line. We are confident even in-season we can get you rates by the beach at or below $199 - & near MIA for $139-149 a night. So if you want to MeetIn.Miami - CLICK HERE TO GET STARTED NOW: https://lnkd.in/gRueJKgD https://lnkd.in/eTByW-Hc

Another exciting acquisition by MCR! MCR, the 3rd-largest hotel owner-operator in the United States, has acquired the Hyatt Regency O’Hare Chicago. The 11-story, 1,095-room hotel has over 110,000 square feet of meeting space and underwent a $13 million guestroom renovation in 2020. The hotel, located five minutes from the Chicago O’Hare International Airport (the 5th-busiest airport in the U.S., serving 74 million passengers annually) is the largest hotel near Chicago O’Hare.

Former Aimbridge Hospitality President and CEO Michael Deitemeyer is joining hotel owner, developer and operator Rockbridge Holdings and will lead its luxury lifestyle hotel development. https://bit.ly/3WFDgs9

Q&A with Christopher Donohue Director of Reward Group Reward Group has played a prominent role in the hotel refurbishment sector for many years, completing nearly 200 projects and transforming thousands of rooms across Australia. The Hotel Conversation spoke with Christopher Donohue to discuss the company’s approach, recent industry trends, and landmark projects. Read the insights from the Q&A with Christopher Donohue on The Hotel Conversation -?https://lnkd.in/gPaQGqUA Kelly Watts Ana-Maria Donohue Jimmy Lee John Donohue #hotels #hoteldesign #hotelnews #hoteltrends #hotelinterior #hoteladvisory #hoteldevelopment #hotelowners #hotelindustry

The countdown to The Lodging Conference continues! ?? Three members of the A-Team will be attending the convention, find them at booth #302 to learn about all things hotel renovations, PIPs, and more! Will you be attending Lodging? Let us know in the comments. We'll catch you in Phoenix! The Lodging Conference #thelodgingconference #hospitality #hoteliers #hotels #hotelmanagement #hospitalityindustry #hoteldesign