The Magic, Curse Of Leverage
Steve Rushmore's Septemeber 2004 Hotels article
In this article the author explains how current low interest rates and high demand for hotel assets affect value gains.
Today's lodging market has been hit hard by overbuilding and falling demand. As a result, many lenders are monitoring hotel loans that are not current in their debt service payments.
During 1996, hotel values in some parts of the U.S. increased by as much as 60 percent. To someone unfamiliar with the concept of hotel operating leverage, this enormous rise seems impossible.
In a presentation at the 2001 Annual Conference of the Government Officer's Association, Tom Hazinski, Managing Director of HVS Convention, Sports & Entertainment Facilities Consulting describes and critically examines the theory and practice of meas
Whenever people say they're planning to purchase a hotel, one of the forst questions asked of them is: "What capitalization rate are you using?" Cap rate, as it is called in the industry, has many meanings.
Because of the limited availability of conventional financing for full-service convention center headquarters hotels, many governments are turning to the tax-exempt bond market to finance their projects.
Projection of future revenues from the room tax collection of five municipalities near Green Bay, Wisconsin. The Room Taxes may be pledged to support debt service on a proposed dedicated tax revenue bond issue. The proceeds from the Bonds will suppor
HVS performed a feasibility study of a proposed expansion of the Midwest Airlines Center (formerly known as the Midwest Express Center) and estimated the economic impact of the proposed expansion.