I recently wrote an article that outlined 5 free tech tools for hoteliers. I was surprised by the reaction from folks in my position at other management companies who had never heard of these tools. Google Alerts: Get notice of news and events that can help your sales team identify opportunities. Boomerang: Schedule your emails […]
How Much Does it Cost to Build a Hotel – 2014
To read the most recent cost survey, check out our latest article for how much it costs to build a hotel in 2015.
Boutique Hotel Performance Versus Traditional Brands
According to a recent article by Real Estate Weekly titled, Boutique Hotels Reaching New Height: At the national level, boutique space reflects an occupancy premium of approximately 13%. The boutique sector also exhibits strong growth in RevPAR. In 2012, 2013, and 2014 RevPAR is trending at 6.3%, 7.4%, and 8.8%, respectively, exceeding national averages, for […]
Hotel Management Agreement Pricing
Negotiating a Hotel Management Agreement can be a much longer process than you imagined. What goes into making the agreement, which looks more like a book, is going to form the business relationship that may last as long as 30 years or hamper your ability to exit a property effectively. Negotiating the best contract for […]
The Future of Social Media Marketing on Facebook
Facebook admitted recently that page’s are receiving fewer and fewer hits on their posts. If your sales team or eCommerce department have been watching, there has been a clear and consistent trend. Fewer hits, less likes and lower engagement. In fact this was an official statement out of Facebook: “We expect organic distribution of an […]
How Much Does it Cost to Build a Hotel – 2013
To read the latest numbers for 2014, see our latest article How Much Does it Cost to Build a Hotel – 2014. Construction Costs – 2013 HVS just released their annual cost estimate survey today detailing the costs to build every scale segment of a hotel. The prices are of course averages so a hotel […]
Americas Investment Summit (ALIS) 2013
This January 22nd-24th is the semi annual Americas Investment Summit (ALIS) in Los Angeles, CA. Boutique Hospitality Management will be attending the event and we are bullish on the future of independent hotels especially in urban markets like New York, Atlanta, Miami, Los Angeles, San Francisco, Boston, Chicago, etc and are looking to put together new deals and […]
Hotel Trends 2013 – Happy New Year
The New Year is upon us. 2012 has been a phenomenal year for BHM as we increased our portfolio of hotels in both consulting and management roles. Those properties have seen tremendous success and we are well positioned to grow even further in 2013. As the new year roles in we will above all focus […]
HVS: Hotel Industry is Showing Strong Comeback
BHM attended the Orlando Hotel Summit hosted by HVS. John Lancet from their Miami office gave an excellent presentation with a very optimistic forecast for the industry as a whole. Occupancy rates are set to continue to rise with ADR following closely behind. Here is a quick snapshot as they see the industry comeback: […]
Artmore Hotel in the Blogosphere
Thanks Alyson Kate for your overwhelming recommendation of our Artmore Hotel in Midtown Atlanta! Please come back again soon. Decorated in textures and tones of warm cream and rich espresso, the soft, inviting atmosphere pops with old Hollywood glamour shots. A favorite of locals and traveling artists alike, the cobblestone courtyard and Studio Bar + Lounge are […]