An update from our 2014 report, this report aims to assist owners in increasing their understanding and awareness of the franchise business model and current market trends. The fees outlined in this article apply solely to hotels operating in Europe.
Three hotel company portfolios exceed 500,000 rooms in North America, according to census data from STR.
Supply growth has been the dominant headline for the New York City lodging market over the past decade. The number of hotel rooms in the city increased from 66,000 in 2007 to 99,000 in 2018, a 50% increase in inventory.
In Part 1 of this series, I discuss the importance of deriving a proper revenue estimate for valuations of independent, budget motels and testing its reasonableness against the norms for the neighborhood and market.