Unlike other real estate
investments, hospitality properties are operating businesses that require specialized understanding
of both the real estate and operations side of the business. Coldwell Banker Commercial® affiliated hospitality professionals offer experience in hotel
operations management, hospitality occupancy and revenue trends, real estate and valuation, and will
tailor their services to meet your specific needs.
While there are five primary hospitality revenue sources that may determine a property’s value - travel and tourism, food and beverage, lodging, entertainment and recreation, and meetings and events - and they are each highly interconnected. Often a single commercial property will span multiple sectors, allowing the business to provide a complete and enhanced consumer experience.
The purpose of travel and tourism is to drive business to the hotels, restaurants, meeting and recreation venues that make up the hospitality industry. Many factors can impact how much a visitor will spend - the distance they’re traveling, length of stay, number in their party, whether it’s for leisure or business, and certainly their travel budget. Whether it’s a quick day trip to a nearby city, a week-long family vacation or attending an industry convention, travelers will spend on dining, accommodations, entertainment, shopping and on travel itself.
The most significant sector of the hospitality industry, food and beverage is a vital part of all hospitality businesses. From free-standing restaurants, quick service amusement park venues and hotel fine dining restaurants to conference center lounges or catering venues, food and beverage offers both revenue opportunities and enhanced guest experiences.
This expansive sector can include everything from roadside motels, bed and breakfasts or extended-stay suite hotels to five-star resorts or conference hotels. Accommodations where guests can sleep overnight often cross into the other sectors, including restaurants, entertainment, meetings and certainly travel and tourism. Unlike most other real estate investments, lodging involves operating businesses that require specialized management to address the daily income stream shifts attributed to occupancy and seasonal fluctuations. Understanding the cyclical nature and dynamics of hotel markets is critical to making sound investments.
The entertainment and recreation sector attracts consumers with disposable income both near home and when traveling. Businesses like cinemas, theaters, arcades, zoos, concert halls, night clubs, museums and theme parks provide entertainment and revenue opportunities, and can often be found within lodging and meeting venues.
Many cities rely on meetings and events to attract visitors for business and leisure who spend money on lodging, food and beverage and shopping. Business meetings can range from small off-site meetings and local networking events to expos, conferences, industry conventions and trade shows. Events can include weddings, sporting events, concerts, festivals, touring Broadway shows and seasonal events, and they are a lucrative way to attract visitors.
With so many options, Coldwell Banker Commercial affiliated professionals who specialize in hospitality real estate can assist you in making informed decisions that will help you accomplish your business goals. They understand the hospitality industry’s unique opportunities and challenges and will ensure you have all the facts, from traffic patterns and nearby transportation options to analyses of the market, development considerations and seasonal challenges.
Look to the Coldwell Banker Commercial network to assist with all your hospitality real estate needs.
Stay informed with the latest commercial real estate market reports,
trends and industry news from Coldwell Banker Commercial.
In a reversal from sentiment at the beginning of this year, investors are becoming increasingly bearish about the commercial real estate market. Faced with an economic slowdown, inflation, rising interest rates, supply chain issues, labor shortages and the threat of a recession, investors and capital providers to take a step back and reassess their strategies as this year concludes and the next begins.
On June 2, 2022, Coldwell Banker Commercial’s Senior Vice President and Managing Director, Dan Spiegel, hosted Lawrence Yun, chief economist for the National Association of REALTORS® (NAR) for an insightful and fascinating discussion where viewers learned how the American economy is performing at the midyear mark, important factors to consider and how it is affecting commercial real estate across all asset classes.
The U.S. travel industry welcomed all vaccinated international visitors back to the United States after 19 months of pandemic-related border restrictions beginning November 8th. This is a long-anticipated milestone that marks the rebuilding of international inbound travel at air, land, and seaports of entry, and across destinations nationwide.
Coldwell Banker Commercial affiliated professionals' industry knowledge makes us well-positioned to match you perfectly with your ideal commercial properties.
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