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STR‘s initial forecast of 7 percent growth in revenue per available room during year-end 2012 may not be a sure indication of the industry’s growth, according to Citadel Realty Advisors. Adjusting for inflation reveals that hotel revPAR as of October 2012 is 13.2 percent lower compared with the 2008 peak value, while average daily rate is lagging by 5.8 percent. Ross advises hoteliers to focus on net operating income and real-inflation-adjusted doll. Read the HotelNewsNow.com story here.
The 2024 virtual Men’s Round Table will be held Q4, 2024, date TBD.
2023 Virtual Men’s Round Table was held on November 7th, 2023 via Zoom.
Alfred Sanzari Enterprises, a preeminent family-owned and operated commercial and residential real estate firm, announces the completion of a capital improvement project at the Glenpointe Marriott, a 351-room full-service hotel located on the company’s Glenpointe corporate campus in Teaneck, N.J. The capital improvement project transformed the hotel’s 39,317-square-foot
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