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Category: Article

CHMWarnick and Pinnacle Advisory Group Form Strategic Alliance

April 28, 2021

Move Collectively Broadens Service Offerings to Provide Additional Asset Management and Advisory Services to Current and Future Clients BOSTON, April 28, 2021—Officials of CHMWarnick, the leading hotel asset management and owner advisory services company, and Pinnacle Advisory Group, a premier national hospitality consulting firm and women-owned business, today announced the formation of a strategic alliance. […]

Article for HNN – Silicon Valley Hotel Outlook: Darkest Before the Dawn Reliance on Tech Industry Struck Market Hard in 2020 – by Karen Johnson, ISHC, & Lana Yoshii

April 27, 2021

Tech companies were among the first employers to cancel meetings and halt travel as news of COVID-19 emerged from China. After first restricting international travel in February, most companies had restricted nonessential domestic travel by early March. Amazon and Facebook were conducting job interviews by video calls, and Twitter issued work-from-home orders well before counties […]

Boston & Cambridge Hotels Choose Dormitories over Dormancy – by Sebastian Colella

December 14, 2020

Article featured in Banker & Tradesman, November 30, 2020 The Boston & Cambridge lodging has ranked as one of the best performing markets in the country the last few years. Market occupancy was 82.3% in 2019, the seventh consecutive year above 80%.  However, as a result of the ongoing pandemic and its impact to the […]

Lodging Recovery in Boston & Cambridge Driven by Leisure Demand as Market Faces Increases to Supply – by Sebastian Colella

November 17, 2020

As the United States faces a growing number of COVID-19 cases, surpassing 10 million in early November, lodging markets across the country continue to face unprecedented declines in demand. Through October, the Boston & Cambridge lodging market has experienced some of the steepest declines in demand and revenue across the country’s top-25 markets according to […]

Bad vs Horrible – Depends on How Performance is Measured. by Allison Fogarty

November 4, 2020

The importance of considering Total Rooms Inventory (TRI) in measuring Lodging Industry performance. Through the pandemic, hotel Occupancy rates have hit historic lows throughout the country. We have constantly been asked “how bad is it?” Reports early in the pandemic, while awful, seemed to actually understate the catastrophic effect of the pandemic on the hospitality […]

How Much Is A Hotel Worth? – by Allison Fogarty

July 16, 2020

In the case of property tax assessments in Florida, probably somewhat less than the county property appraiser assumes. A recent court decision invalidated the method used by many county property tax appraisers in Florida to develop “just” values for hotels. The Background Walt Disney Parks and Resorts successfully argued that the Orange County Property Appraiser […]