The Future of Hospitality: 2021 and Beyond
The future of hospitality: 2021 and beyond The pandemic in 2020 affected the hospitality industry severely—as we have never seen before. The effects have been even greater than what we saw in...
Hotel Construction Lending Starts Comeback After Pandemic-Induced Freeze
Wave of High-Priced Transactions Boosts Attractiveness of Construction Financing While lending for new U.S. hotel development lags behind loans for transactions and refinancing deals, the segment...
STR: U.S. hotel profit reaches 84% of 2019 levels
Gross operating profit for U.S. hotels improved to 84 percent of the comparable 2019 level, according to STR's June 2021 profit and loss data release. Labor costs also rose from the previous...
Wyndham launches Registry Collection Hotels brand
Wyndham Hotels & Resorts has unveiled its 21st brand, Registry Collection Hotels, adding a luxury offering to the upper end of the company’s growing portfolio. The brand’s flagship resort is...
Updated CDC Guidance Contributes to Increased Traveler Confidence
Hotel Booking Window Remains Short, Could Lengthen This Summer Passengers wearing protective masks check in and drop off luggage at the Delta Air Lines ticket counter at Hartsfield-Jackson...
As Industry Metrics Improve, Hotel Executives Look to Finish Line
The hotel industry is closer to the finish line than the starting line of the pandemic, and while leisure demand is still driving the recovery, hoteliers are seeing signs of life in group...
The Hotel Industry’s Pandemic Bright Spot: The Extended-Stay Segment
Extended-stay hotels have long been the industry’s answer to those seeking accommodations similar to an apartment, but without the need to sign a long-term lease. Stays can be as short as one...
Latest Stimulus Bill a Relief to Hoteliers in More Ways Than One
Vaccinations, Direct Financial Assistance to Individuals Could Spur Demand The passage and expected signing into law of the American Rescue Plan Act of 2021 gives hoteliers reason to celebrate,...
Blackstone, Starwood to acquire Extended Stay America for $6B
In a further vote of confidence in the future of hospitality—and in the extended-stay sector, specifically—Blackstone and Starwood Capital Group have agreed to acquire Extended Stay America and...
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Whether you are looking to buy a hotel or sell a hotel, Timm & Associates looks forward to the opportunity to work with you. We are dedicated to helping your company reach its goals and objectives. At Timm & Associates, we approach each hotel transaction with the highest level of integrity and with the highest regard for the parties involved.
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