Hotel Industry Presentations

The following are hotel industry presentations:

Hotel Sector Update and Forecast. Mark Woodworth, President, PKF Hospitality Research. At Meet the Money® - JMBM's national hotel finance and investment conference – Mark says that (1) there are no threats from the factors that historically have brought an end to the good times, (2) the fundamentals are solid across the vast majority of markets, (3) elevated industry growth will persist comfortably through 2016 and likely beyond, and more . . . . May 2015.

Hotel Industry Trends and Predictions. Stephen Rushmore, Jr., CEO and President, HVS. Stephen Rushmore uses industry numbers to predict that (1) supply and demand will be in equilibrium towards the latter part of 2016 or early 2017 for the USA, (2) hotel values are beginning to taper, (3) west coast markets to show the greatest value increase through 2019, (4) 40% of markets won’t appreciate above anticipated inflation over next four years, and more . . . May 2015.

US Hotel Industry Performance – What Lies Ahead… Vail Brown, Vice President, Global Business Development & Marketing, STR. Vail begins her presentation at Meet the Money® with some eye-popping industry records, then covers supply progress, occupancy acceleration, customer mix and revenue growth. She says we are now "walking on sunshine" . . . See why. May 2015.

California Hotel Perspective. Alan Reay, President, Atlas Hospitality Group presented an overview of California Hotel transactions and makes some fascinating comparisons -- and distinctions -- between 2006 and 2014 hotel transactions. He provides information on specific transactions and gives us his 2015 forecasts for sales, median price per room and hotel development. Look at the sales at prices per room over $1 million! May 2015.

Hotel values and cap rates. Suzanne Mellen, Senior Managing Director, HVS. In this presentation made at Meet the Money®, Suzanne explains the current ideal conditions for a strong year of hotel transactions, and why the market is on track for transaction activity that will be stronger than 2014 and higher than the peak of 2006. See why she expects values to peak within the next two to three years, and see what role cap rates and values play in hotel transactions. May 2015.

Economic Outlook -- Europe, China, the Dollar, Marriage, Inequality and Rent (and what they might mean for real estate). Richard Green, Chair, Lusk Center for Real Estate, University of Southern California. Economist Richard Green explains the miracle of the Euro, why we should be bullish on China and worried about the dollar's effect on the US economy, and how education and marriage affect the future of housing and retail. He wonders what all of this and income inequality means for the hotel industry – more travel or less? More luxury or economy hotels and fewer in between? Interesting as always! May 2015.

2015 LIIC Top Ten Mike Cahill, CEO and Founder of Hospitality Real Estate Advisors (HREC), compiles the annual Lodging Industry Investment Counsel (LIIC) Top Ten, which reveals the challenges and investment trends identified through an annual survey of LIIC members. May 2015

Why the ADA matters to you. Comply now or pay later. More than 16,000 ADA lawsuits have been filed in the US, and pace is increasing. ADA compliance is the law, and it’s good business. Here are the combined presentations from a panel of experts: Martin H. Orlick, Partner and Chair of JMBM's ADA Compliance & Defense group; Mark Burden, CEO, Rim Hospitality, M. Bradley Gaskins, Principal, The McIntosh Group; and Bonnie Lewkowicz, Access Northern California. The Panel was moderated by David Sudeck, a senior member of JMBM's Global Hospitality Group®. May 2013.

Is the Recovery in US Housing Sustainable? A leading economist's views on the US economy's prospects, with emphasis on the critical role of new housing construction on the sustainability of the recovery. What are the factors driving construction and where do they point? Richard K. Green, Lusk Chair & Professor, University of Southern California, Lusk Center for Real Estate. May 2013.

Why does it seem like everyone is adding a hotel to their shopping center? JMBM's Global Hospitality Group® is predicting that a major trend for the next few years will be "hotel-retail mixed-use" -- adding a hotel to retail shopping malls. This presentation from JMBM's 2007 Hotel Developers Conference is the only quantitative study we have seen on how hotel-retail synergies can increase RevPAR 20-40% over competitive sets. The information is from GGP's analysis of more than 200 shopping malls and retail mixed-use projects, many of which had significant hotel components. Jim Butler, Partner and Chairman, JMBM's Global Hospitality Group®. May 2013.

Hotel-Retail Mixed-Use -- What Woodbine Development is doing with hotel-retail today.  Dupree Scovell, Managing Director, Woodbine Development Corporation. May 2013.

California Hotel Transaction and Market Overview In this presentation, Alan Reay of Atlas Hospitality provides a comprehensive overview of California hotel transactions: sales volume in dollars and transactions, hotel performance in select markets, historic price per room, forecasts. . . and much more. Alan X. Reay, President, Atlas Hospitality Group. May 2013.

Hotel Values & CAP Rates Suzanne Mellen of HVS gives one of the most anticipated and popular presentations in the industry on hotel values and cap rates. Included: major hotel sales transactions from many perspectives (year, dollar value, price per room, etc.) and a great series on cap and discount rates. Suzanne Mellen, MAI, CRE, FRICS, ISHC, Senior Managing Director Hotel and Casino Consulting and Valuation, HVS. May 2013.

The LIIC Top Ten . The 2013 LIIC Survey was compiled by Mike Cahill, a co-chairman of LIIC. What do LIIC members think about hotel property values, transaction volume, access to capital, and hotel development? This presentation is LIIC's annual survey of lodging investment trends and challenges. Michael Cahill, CEO & Founder, Hospitality Real Estate Counselors (HREC). May 2013.

Hotel InduSTRy Overview, What Lies Ahead... The latest state of the industry from Vail Brown of STR. Vail R. Brown, Vice President, Global Business Development & Marketing, STR. May 2013.

Capital Markets Update: Transactions, Financing and Market Value This presentation by Greg Hartmann of Jones Lang LaSalle Hotels includes: hotel transaction volume, major single-asset deals YTD 2013, where is the capital coming from, hotel ownership, investment yields, new supply, and a closer look at who's buying over the next 5 years. Greg Hartmann, MAI, MRICS, CHA, Executive Vice President, Jones Lang LaSalle Hotels. May 2013.

Fundamental Certainty... ....or No? ? Using its proprietary Hotel Horizons® forecasting model, along with data from STR and economic forecasts from Moody's Analytics, this presentation provides a lot of "Happy Thoughts" for the hotel industry. See why Mark Woodworth of PKF concludes "It is a great time to be in the hotel business!" And look at why they think we may not peak until 2017 . . . R. Mark Woodworth, President, PKF Hospitality Research, LLC. May 2013.

Deloitte study: "A Restoration in Hotel Loyalty." This study reports on the results of research conducted in October 2012 on the costs and effectiveness of hotel loyal programs. It concludes that these programs are not very effective in securing traveler loyalty. Given the high cost of these loyalty programs the study conclusions are shocking. For example, Only one out of four hotel travelers allocate more than 75 percent of their share of wallet to their “preferred” brand. Even high frequency travelers only spend 58 percent of their spend with their preferred brand and 65 percent report having stayed with two or more brands in the past six months.

Marriott International v Eden Roc. This is the full text of the New York Appellate Division issued March 26, 2013. Under this decision, virtually all hotel management agreements are now terminable at will by owners. And this result will prevail even against the Marriott-style management agreements that seek to avoid an "agency" characterization of the owner-operator relationship. See Why all long-term hotel management agreements are now terminable.

ULI presentations from 2-28-13 session on adding a hotel to retail shopping centers and malls. Hotels were about to be added to many retail malls until the economy crashed in 2008. Now, major players are adding substantial hotel elements to shopping malls. There is a substantial increase in retail sales when the right hotel is added to a retail center--between 20% and 40%. Additionally, retail increases boosts the revenue per available room for the hotel (over other hotels in the same market). These are the slides presented at the February 20, 2013 stimULI breakfast held in the offices of JMBM in Los Angeles, California.

A Resource Guide to the U.S. Foreign Corrupt Practices Act, a 130-page document is the most comprehensive effort by the Justice Department and the Securities and Exchange Commission to respond to complaints from companies that ambiguity in the Foreign Corrupt Practices Act has forced them to abandon business in high-risk countries and spend millions of dollars investigating themselves.

U.S. hotel owners could lose $2.1 billion in hotel value with new Expedia Traveler Preference Program, by Michelle Russo and Ryan McCarthy, HotelAVE, October 23, 2012
Robert W. Baird Equity Research's Highlights from The Lodging Conference, Select-Service Bullishness, Open Debt Markets, David Loeb, Senior Research Analyst and Managing Director, October 8, 2012
Robert W. Baird Equity Research: Hotel Update: C-Corps and REITs, David Loeb, Senior Research Analyst and Managing Director, October 3, 2012 as presented to the Lodging Industry Investment Council (LIIC)
Phoenix Lodging Conference, "US Lodging Market Outlook: Recovery is near . . . or is that a Cliff ahead?" by R. Mark Woodworth, President, PKF Hospitality Research, October 2012.
Phoenix Lodging Conference, "Hotel Industry Overview, Statistics, Trends and Projections for 2013 & Beyond" by Vail R. Brown, Vice President, Global Business Development & Marketing, Smith Travel Research. October 2012.
Meet the Money® 2012. "U.S. Lodging Market Outlook" by Bruce Baltin. May 2012.
Meet the Money® 2012. "ADA Compliance & Claims Prevention: The New Rules" by David Sudek, Kimberly Carter, Martin H. Orlick, Kim Blackseth, John Farrow. May 2012.
Meet the Money® 2012. "Are The Nightmares Behind Us? Economic and Capital Market Outlook" by David J. Goerz. May 2012.
Meet the Money® 2012. "Capital Markets Update: Transactions Financing and Market Value" by Greg Hartmann. May 2012.
Meet the Money® 2012. "The 2012 LIIC Top Ten" by Michael Cahill. May 2012.
Meet the Money® 2012. "California Hotel Values: Where Is the Market Heading in 2012?" by Alan X. Reay. May 2012.
Meet the Money® 2012. "U.S. Lodging Industry – What lies ahead?" by Vail R Brown, Smith Travel Research. May 2012.
Meet the Money® 2012. "Hotel Values & CAP Rates" by Suzanne Mellen, MAI, CRE, FRICS, ISHC. May 2012.