Nellie Day

1 week ago | hotel.report | Nellie Day

This experiential shift is largely driven by a demographic shift, notes Jeremy R. Gilston, vice president of Woodworth Core Group. “There’s a new age of corporate and leisure travellers,” he explains. “They’re millennials. They’re experience-driven travellers who prioritize living like a local and are social media focused, meaning they’re more visual and design-oriented.

2 weeks ago | hospitalityinvestor.com | Nellie Day

In hospitality, as in life, size isn’t always everything. Many investors have also shirked the theory that bigger is better as institutional capital has slowed and traditional lending remains cautious. Instead, a different kind of hotel project is quietly gaining traction: the small, sub-$20 million development. These projects – often select-service or extended-stay assets – don’t necessarily garner flashy headlines, but they’re fuelling momentum in a market where new construction remains cautious.

2 weeks ago | hospitalityinvestor.com | Nellie Day

The US hotel market is in the grip of a full‑blown conversion boom - and investors are here for it. Rising construction costs, tight zoning and a thirst for speed to market have pushed brand‑to‑brand and adaptive‑reuse projects to the front of deal pipelines. Brand conversions hit a record high of 136,668 rooms in 1,421 projects in the first quarter of this year alone, according to Lodging Econometrics, representing a year-over-year increase of 13 percent.

2 weeks ago | hotel.report | Nellie Day

Brand conversions hit a record high of 136,668 rooms in 1,421 projects in the first quarter of this year alone, according to Lodging Econometrics, representing a year-over-year increase of 13 percent. Meanwhile, combined conversion and renovation activity totaled 269,435 rooms in 2,050 projects, a 16 percent jump in room count compared to first-quarter 2024. Suraj Bhakta, CEO of NewGen Advisory and Chief Legal Counsel of NewGen Worldwide, understands the appeal, especially in this day and age.

1 month ago | hotelmanagement.net | Nellie Day

Any long-married couple will likely tell you there’s no such thing as the perfect partner. We’re all flawed humans, which means any system we build – whether it’s a relationship or a financing structure – comes with its own challenges. Hotel development, construction and adaptive reuse/conversion projects are no different. Neither are the lenders who step in to fund them. Still, some partners are better than others. The best ones tend to see us clearly.