Trends in the Lodging Sector
As revenues have largely recovered back to 2019 levels (widely viewed as the last stabilized year), the lodging sector is now under significant expense pressure in Wages, Property Insurance, Taxes and Operating Supplies. This, coupled with the interest rate environment, and wavering travel preferences, continues to exert considerable stress on hotel asset performance. Additionally, the ongoing Cap Ex needs (Franchisor mandated as well as ongoing infrastructure maintenance) have left some hotels more challenged than others.
Key topics include:
- Transactions – All the “Dry Powder on the Sidelines” doesn’t seem to be translating to a vibrant transaction market. Who is going to blink first, lenders, owners or investors? What are we seeing in the hotel market today from an investment sales and or ownership side? How do we think through obsolete hotels? When do new construction starts ramp back up? Is hotel to prison transition the new Office to Multifamily?
- Remember, it’s a Franchise – The brands have a big stake in every hotel and often get the last word. Are they helping or hurting? What’s in it for them? Thoughts on being flexible around these economic challenges?
- Who are the new Lenders – Is Debt the new Equity? What are the legal speedbumps in transactions in restructures and or new deals?
- Operations – 24 Hour Leases and significant variable payroll make hotels an operating business, not real estate. How are operators adjusting to the new normal?
This seminar will feature industry experts, including experienced investors, brokers, operators, lawyers, loan servicers, franchisors and appraisers. Participants will have the opportunity to engage in interactive discussions, network with peers, and gain actionable insights to stay ahead in the competitive commercial real estate market.
Economic Update:
Brian Bailey, SME & Senior Policy Advisor, CRE, Federal Reserve Bank of Atlanta
Moderator:
Kevin Gallagher, Senior Director, Credit Solutions, Hospitality, Trimont
Panelists:
Wendy Blissett, Senior Vice President, HREC Investment Advisors
Matt Frankiewicz, Senior Vice President, Development, IHG Hotels & Resorts
Jeff Kolessar, Chief Development Officer, GF Hotels & Resorts
Mike Lipson, CEO & Chairman of the Board, Access Point Financial
W. Gregory Null, Shareholder, Carlton Fields
Brad Sinclair, Principal, Managing Director, Capital Markets Group, Hospitality, Avison Young
Wednesday, March 26th:
Registration: 5:00pm - 5:30pm
Seminar: 5:30pm - 6:30pm
Networking Reception: 6:30pm - 7:30pm
Hosted By:
Registration Rates:
$25 - Members
$50 - Non-Members
Complimentary - Members 30 Years of Age or Younger & Academic Members
CLE Credit:
We will be applying for Continuing Legal Education (CLE) credit for attorneys licensed in the State of Georgia. By attending this seminar, you will be eligible to receive one CLE credit hour, which will be reported directly to the Georgia State Bar upon completion of the seminar by CREFC. At the event, you must sign in on the CLE sheet to receive credit, as we will not be able to award credit without your signature.
- Extending Reading: Please click here.
- Financial Aid: Please click here to read CREFC’s financial aid policy for CLE accredited events.
For CLE information regarding this event, please contact Maria Jones (mjones@crefc.org).