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Category: Article

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 […]

Hotels at Secondary and Tertiary Airports Will Suffer Longer – by Jenny Lee

May 19, 2020

The coronavirus pandemic’s impact on travel is thought to be six or seven times greater than the 9/11 attacks, according to the U.S. Travel Association.  Air travel volume fell precipitously through March.  The estimated revenue losses by air carriers in 2020 is at least $252 billion.  In late March, domestic carriers received a $60 billion […]