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DiamondRock acquires Chico Hot Springs Resort

Hotel Business

Chico was acquired from an individual owner-operator and is an independent resort, completely unencumbered by brand and management agreements. capitalization rate on 2022 net operating income (NOI). The $27-million purchase price for the 117-room, 153-acre resort represents an 8.1%

Resorts 52
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Survey: NYU, EY offer CFO insights

Hotel Business

Sean Hennessey, associate professor, NYU SPS Tisch Center of Hospitality, and a contributor to the report, added, “Although recessionary fears and unfavorable interest rates may dampen transaction activity, survey respondents remained confident that the improving operational trends will sustain the lodging sector’s trend of profit improvement.”

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10 Tips When Buying a Hotel

MBA Hotels

Keep and nurture skilled employees When a hotel is running efficiently and has strong net operating income, most of the employees will be worth keeping. Lead your team, use all brand training programs, track and motivate performance, and reward your best performers. You don’t waste time on a deal that will not close.