Dear Friends,
With the close of Q1 2022, food and energy costs have surged, contributing to the highest inflation wave in the past 40 years(via GlobeSt). Despite these challenges, supply chain issues, and labor shortages, the hotel sector has remained resilient and has seen substantial growth.
Across the country, average room rates have surpassed 2019 levels for the last six months, and investors are anticipating substantial growth as we move through 2022.
To help you navigate this exciting market, you'll find in this issue:
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Downloadable Multifamily Sales Comps | FEB-MAR 2022 for the Broward County area.
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The newest Hotel Occupancy Update with a look at the top-performing markets
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A selection of my most recent properties for sale including my newest listing!
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A curated selection of the latest hotel market news & trends to help inform your business decisions and strategy
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Active Immediate Buyer Needs
If you know anyone who is considering selling or acquiring a hotel or multifamily property, please send them my way. We have buyers ready and waiting.
Best Regards,
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Premier Hotel Realty
954-543-5411
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🔹Director, Greater Pompano Beach Chamber of Commerce
🔹Member, Greater Fort Lauderdale Chamber of Commerce
🔹Former Director, Lauderdale-by-the-Sea Chamber of Commerce
🔹Video Host: Hotel Happenings with Rick Tobin
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P.S. Considering selling your hotel property? Simply reply to this email now and request a Broker Opinion of Value for your property. |
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Find Out How Much Your Multifamily Property Could Sell For.
Find out with our latest Broward County Multifamily Sales Comps Report.
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In this report, you'll find a representative sample of Multifamily property sales that took place in the Broward County area from February to March 2022.📍
Check out select properties to get an idea of what properties like yours are selling for.
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Download your copy of my latest Multifamily Sales Comps Report below. |
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STR: U.S. Hotel Occupancy Update
Week | 17-23 April 2022
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As we move through April, U.S. hotel performance continues to progress.
For the week 17-23 April 2022, hotel performance across the nation increases over the previous week.
🔹 The occupancy rate was recorded at 65.8%, a -4.2% decrease over the comparable week in 2019
🔹 The average daily rate (ADR) experienced a +15.4% increase over 2019 and is now sitting at $148.35
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🔹 The revenue per available room (RevPAR) was recorded at $97.66, up +10.5% from 2019.
Among the Top 25 markets;
Tampa exhibited the largest increase over 2019 in two of the three key performance metrics.
➜ Occupancy - +3.4% to 78.1%
➜ ADR - +38.5% to $203.40
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FEATURED PROPERTY
Sunrise Sands Beach Resort
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110 S Ocean Dr | Fort Pierce, FL 34940
PRICE: $9,500,000
This beachfront hotel is equipped with an onsite restaurant, 3 indoor bars, & a dune/beach bar, making this property the ultimate "Stay & Play" attraction. The restaurant has the ability to fit a capacity of 400+.
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225-Acre Undeveloped Beachfront Land
Amazing Opportunity in Beautiful Puerto Rico, A Crypto Hotspot
Aguada/Aguadilla, Puerto Rico, 00603
PRICE: $2,500,000
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Florida Hotel Portfolio
Two Hotels In Beautiful Clearwater, Florida
20162 US-19 North & 20788 US-19 North| Clearwater, FL
PRICE: $120,000 /unit
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Shore Haven Resort Inn
Steps to Golden Sand Beaches!
4433 N Ocean Dr | Lauderdale-by-the-Sea, FL 33308
PRICE: $21,000,000
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Higher Rates Drive US Hotel Room Revenues Above 2019 Levels
Higher rates continue to make up for lower occupancies across the U.S. hotel industry, pushing weekly room revenue higher than it was in 2019, but not high enough to negate the effects of inflation. Data from STR, CoStar's hospitality analytics...
Read more
www.costar.com
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How Hoteliers Prioritize Sustainability Efforts
Environmental sustainability has been a growing focus of the global hotel industry over the last several years. Through development and operations, many hoteliers are introducing more environmentally friendly practices to protect their local...
Read more
www.costar.com
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A Breakdown of the Major US Hotel Sales for Q1 | GlobeSt
As the world was emerging from a once in a century pandemic, global and national events during the first three months of 2022 have resulted in a transformative quarter unlike any for nearly 80 years. During the nuclear superpower age...
Read more
www.globest.com
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We have a high number of buyers who are urgently seeking hotel properties in Florida.
Below are just a few of the many Buyer Wants & Needs that are pouring in!
If you have a hotel property to sell, please get in touch ASAP.
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Tap Into Our 45,000+ Actively Engaged Facebook Members
Contact Me Today For Promotional Opportunities!
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We have one of the largest Florida local community networks on Facebook! |
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Rick is a member and director of the Greater Pompano Beach Chambers of Commerce, a member of the Greater Fort Lauderdale Chamber of Commerce, and a member and former director of the Lauderdale-by-the-Sea Chamber of Commerce. |
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Developed by CRE HUB at iMedia International for Premier Hotel Realty.
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