Bryan Wroten

Cleveland, Rocky River

Reporter at Hotel News Now

I'm a reporter for Hotel News Now, an online trade publication. Obligatory follows/retweets do not equal endorsement.

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Articles

Lack of conviction among buyers slows US hotel deals pace

3 days ago | costar.com | Bryan Wroten

The ramped-up transaction market predicted for 2025 has yet to appear, and there are questions whether it will at all. The pace is slower than many optimistically believed it would be, but hoteliers were still making deals through the first five months of the year, and they’ll continue to at cautious speeds. The baseline from the capital markets has been solid, so the debt markets remain liquid, said Dan Peek, president of JLL Americas Hotels & Hospitality.
Expected wave of retirees will spur hospitality deals: Here's what to know

6 days ago | costar.com | Bryan Wroten

HOUSTON — By 2030, all baby boomers will be at least 65, putting them in retirement position within a few years, if they haven’t retired already by then. This will launch a "silver tsunami" of businesses available for sale, according to one hospitality lawyer.
Duo of Black female students wow hotel industry leaders to win pitch competition

1 week ago | costar.com | Bryan Wroten

Among the tens of thousands of hotels across the U.S., a fraction of a fraction of them are owned by Black women, but a group of Black investors is looking to change that statistic. The annual She Has a Deal Early Careerist pitch contest for female college and university students and recent grads gives up-and-coming hoteliers a chance to gain experience in hotel transactions and development while competing for $50,000 in limited partner deal equity.
How hoteliers can better negotiate franchise agreements

1 week ago | costar.com | Bryan Wroten

HOUSTON — While hotel brand companies generally have the advantage when negotiating a franchise agreement, owners have more options than just signing on the dotted line. Franchise companies are resistant to change that will affect consistency across their brands, which has led them to perpetuate the use of form franchise agreements, said Michael McGee, partner at Dentons Bingham Greenebaum, during a presentation at the Hospitality Law Conference.
Taste of summer: Hotel bars, restaurants share their seasonal cocktails

1 week ago | costar.com | Bryan Wroten

The summer season kicks off next week, and hotel bars and restaurants across the U.S. have drinks ready for poolside lounging, rooftop evenings and every other occasion. Each new season brings new flavors and food pairings as hotel bars and restaurants keep their offerings fresh for guests. Below is a list of specialty cocktails being offered at hotels this summer with their ingredients and descriptions. Click through the slideshow for photos of the drinks.
Despite challenges, deals still possible in current environment, hoteliers say

2 weeks ago | costar.com | Bryan Wroten

HOUSTON — The U.S. hotel industry has been going through some disruption due to economic uncertainty, but players in the transaction market say deals can be done. They're just not as easy and more expensive than they used to be. During a capital markets panel at the Hospitality Law Conference, John Keeling, executive vice president at Valencia Hotel Group, said historically hotels have been considered among the riskier real estate investment classes.
What a stalled NLRB means for hotel industry employers

2 weeks ago | costar.com | Bryan Wroten

HOUSTON — The National Labor Relations Board is in limbo right now when it comes to official decisionmaking, but hoteliers still need to be aware of movement happening on labor and union practices, and what will come next. The five-member NLRB is an independent government agency responsible for enforcing the National Labor Relations Act and hears cases regarding collective bargaining and unfair labor practices, among other topics.
An update on the US labor law changes hoteliers can expect

2 weeks ago | costar.com | Bryan Wroten

HOUSTON — Laws and rules change along with every new presidential administration, and only several months into President Donald Trump’s second term, there’s already been a flurry of activity.
Trinity Investments' asset management, development services open new opportunities

3 weeks ago | costar.com | Bryan Wroten

Extending asset management and development services from Trinity Investments to other hotel owners and lenders has the potential for future projects. Trinity has a successful track record of acquiring underperforming hospitality properties and executing comprehensive operational plans and capital repositioning strategies, said Greg Dickhens, the company's principal and managing director. That reputation led to this opportunity to work with other owners.
Smaller hotel owners see big opportunities in current business climate

3 weeks ago | costar.com | Bryan Wroten

While they may make the headlines, the hotel owners with large portfolios of properties aren’t the majority of the U.S. hotel industry. The largest hotel owner in this country probably has 1,500 hotels, said Michael Blank, principal at hotel ownership and asset management firm Woodmont Lodging, in an interview for the Hotel News Now podcast. The numbers go exponentially down from there. “So, the little guy is the majority,” he said. “They are one to three hotels.