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Investing in a Mexican Condo Hotel
Investing in a Mexican Condo Hotel Mexico Condo Hotels The Advantage of Professional, International Promotion The developer of a high-quality, luxury resort-style complex once pointed out the importance of promotion for people renting out their property; you could have the most beautiful unit an amazing development for a super rental price, but if no one knows about it, it could sit there empty. This points to one of the key advantages to buying a condo for sale in a hotel or resort setting (generally called a condo-hotel); professional hotel service providers will often be contracted not only to provide the best service to vacationers, but also to promote the condos as a part of the hotel as a whole to these same international vacationers. This fact points to a distinct advantage in buying in a condo-hotel as a real estate investment. Experienced and successful hotel service providers will already have established networks to bring vacationers directly to the rental units. For this reason, it is also important to enquire about this point. If it is a resale, a buyer can enquire about occupancy rates; with a new development, if the rental service is through an established provider, the occupancy history of the provider can also be enquired. In other cases, simply evaluating the rental strategy can be helpful. In most cases, having a professional rental strategy is advantageous for those who do not have experience in managing a rental properties; this is especially true for those who are buying to enjoy a vacation property with the benefit of getting a worry-free income from it. -
Name Tax Paid BED & BREAKFASTS
GALVESTON PARK BOARD OF TRUSTEES Hotel Occupancy Tax (HOT) - May 2016 Name Tax Paid BED & BREAKFASTS BNB - Ave O B&B $ 790.85 BNB - Coastal Dreams B & B $ 798.37 BNB - Coppersmith Inn B & B $ 933.60 BNB - Lasker Inn B & B $ 831.60 BNB - Lost Bayou Guesthouse B & B $ 797.53 BNB - The Villa B & B $ 420.03 BED & BREAKFASTS BNB - Victorian B & B $ 373.50 $ 4,945.48 HOTELS/FULL SERVICE HFS - Courtyard Galveston Island $ 25,091.62 HFS - Gaido's Seaside Inn $ 18,723.25 HFS - Hilton Galveston Island $ 110,932.56 HFS - Holiday Inn Resort $ 62,017.27 HFS - Hotel Galvez $ 89,509.85 HFS - Inn at the Waterpark $ 17,593.37 HFS - Moody Gardens Hotel $ 132,079.50 HFS - San Luis Resort $ 115,621.29 HFS - The Victorian Condo Hotel $ 10,569.03 HFS - Tremont House $ 38,789.01 HOTELS/FULL SERVICE $ 620,926.75 HOTELS/LIMITED SERVICE HLS - America's Best Value Inn 12,731.31 HLS - Baymont Inn & Suites 20,860.24 HLS - Beachcomber Inn 15,298.63 HLS - Beachtree Motel 1,619.42 HLS - Best Western Hotel 14,536.93 HLS - Candlewood Suites 11,550.74 HLS - Comfort Inn & Suites 17,958.06 HLS - Comfort Suites 8,340.30 HLS - Commodore on the Beach 14,944.05 HLS - Country Inn & Suites 13,079.89 HLS - Days Inn & Suites 12,661.96 HLS - Four Points by Sheraton 24,714.59 HLS - Hampton Inn & Suites 19,183.84 GALVESTON PARK BOARD OF TRUSTEES Hotel Occupancy Tax (HOT) - May 2016 Name Tax Paid HLS - Harbor House 12,439.28 HLS - Holiday Inn Express 18,739.12 HLS - Howard Johnson Express 4,439.02 HLS - Knights Inn 3,037.27 HLS - La Quinta East 21,459.96 HLS - La Quinta West 19,611.64 HLS - Mariner Motel 3,120.36 HLS - Motel 6 I-45 12,150.47 HLS - Motel 6 - Seawall 5,170.00 HLS - Ocean Inn, LLC 1,328.67 HLS - Pearl Inn 3,477.35 HLS - Quality Inn & Suites 22,219.66 HLS - Red Roof Inn 18,603.26 HLS - Rodeway Inn 5,899.07 HLS - Rosenberg Motel 626.80 HLS - Sandpiper RV Resort 357.33 HLS - Scottish Inn 4,009.10 HLS - Springhill Suites 15,260.84 HLS - Super 8 Motel 9,945.00 HLS - Surf Motel & Apts. -
List of Tax Reform Good News
List of Tax Reform Good News 1,200 examples of pay raises, charitable donations, special bonuses, 401(k) match hikes, business expansions, benefit increases, and utility rate reductions attributed to the Tax Cuts and Jobs Act As of August 17, 2020. Please send any additions to this list to John Kartch at [email protected] This list and all 50 state lists are constantly updated – please access this national list and all 50 state lists at www.atr.org/list A 1A Auto, Inc. (Westford, Massachusetts) -- Bonuses for all full-time employees: Massachusetts based online auto parts retailer 1A Auto announced across the board cash bonuses for all full-time employees. CEO Rick Green says that the decision was based on recent changes to tax policy. In a company meeting Wednesday, Green told employees, "Ultimately the tax savings will be passed to our customers in the form of lower prices, but we want to also share some of the savings with you, our hard-working employees." Jan. 25, 2018 1A Auto, Inc. press release 2nd South Market (Twin Falls, Idaho) -- A food hall is opening because of the TCJA Opportunity Zone program, and is slated to create new jobs: One of the nation’s fastest-growing trends, food halls, is coming to Twin Falls. 2nd South Market, slated to open this summer, will be housed in the historic 1926 downtown Twin Falls building formerly occupied by the Salvation Army. 2ndSouth Market will be the first Opportunity Zone project to open in Idaho and the state’s third Opportunity Zone investment. -
2018 Hotel Brand Reputation Rankings: USA & Canada
REPORT 2018 Hotel Brand Reputation Rankings: USA & Canada October 2018 INDEX Introduction 4 Methodology 6 The Importance of Brand Reputation 7 Key Data Points: All Chain Scales 8 Key Findings 9 Summary of Top Performers 10 ECONOMY BRANDS Overview 13 Top 25 Branded Economy Hotels 14 Economy Brand Ranking 15 Economy Brand Ranking by Improvement 16 Economy Brand Ranking by Service 17 Economy Brand Ranking by Value 18 Economy Brand Ranking by Rooms 19 Economy Brand Ranking by Cleanliness 20 Review Sources: Economy Brands 21 Country Indexes: Economy Brands 22 Response Rates: Economy Brands 22 Semantic Mentions: Economy Brands 23 MIDSCALE BRANDS Overview 24 Top 25 Branded Midscale Hotels 25 Midscale Brand Ranking 26 Midscale Brand Ranking by Improvement 27 Midscale Brand Ranking by Service 28 Midscale Brand Ranking by Value 29 Midscale Brand Ranking by Rooms 30 Midscale Brand Ranking by Cleanliness 31 Review Sources: Midscale Brands 32 Country Indexes: Midscale Brands 33 Response Rates: Midscale Brands 33 Semantic Mentions: Midscale Brands 34 UPPER MIDSCALE BRANDS Overview 35 Top 25 Branded Upper Midscale Hotels 36 Upper Midscale Brand Ranking 37 Upper Midscale Brand Ranking by Improvement 38 Upper Midscale Brand Ranking by Service 39 Upper Midscale Brand Ranking by Value 40 Upper Midscale Brand Ranking by Rooms 41 Upper Midscale Brand Ranking by Cleanliness 42 Review Sources: Upper Midscale Brands 43 Country Indexes: Upper Midscale Brands 44 Response Rates: Upper Midscale Brands 44 Semantic Mentions: Upper Midscale Brands 45 Index www.reviewpro.com -
Proposed Downtown Berryville Hotel
Proposed Downtown Berryville Hotel Berryville, Virginia 22611-1315 NKF Job No.: 19-0004412 Feasibility Study Prepared For: Mr. Nathan Stalvey President Berryville Main Street 23 East Main Street Berryville, VA 22611-1315 Prepared By: Newmark Knight Frank Hospitality, Gaming & Leisure Group Valuation & Advisory 1350 Euclid Avenue, Suite 300 Cleveland, OH 44115 1350 Euclid Avenue, Suite 300 Cleveland, OH 44115 July 19, 2019 Mr. Nathan Stalvey President Berryville Main Street 23 East Main Street Berryville, VA 22611-1315 RE: Feasibility Study of a Proposed Downtown Berryville Hotel Downtown Berryville , Berryville, Virginia NKF Job No.: 19-0004412 Newmark Knight Frank Valuation & Advisory, LLC has prepared a feasibility study of the referenced property in the following report. Summary of the Proposed Subject Property The feasibility study considers development of a proposed hotel in Downtown Berryville on or proximate to Main Street. The subject site has average access to major roadway (State Route 7) because of its proposed location in downtown Berryville's Main Street district, limiting its visibility and ease of ingress and egress from a major roadway. While the proposed site is proximate to some demand generators, the low density of commercial developments in the area is projected to be a weakness. Leisure attractions in Berryville and Clarke County including vineyards, historic manors and event venues, and Barns of Rose Hill will help mitigate this weakness. Visibility is considered to be average, relative to other historic downtown locations, due to its proposed multi- level configuration, assumed signage, and on or proximate to Main Street. State Route 7, which connects Berryville to neighboring Winchester and Leesburg, is less than a mile north from central downtown. -
Keeping the Inn-Mates from Running the Hotel – Short and Long Term Concerns in Mixed-Use Developments Containing a Hotel March
Keeping the Inn-Mates from Running the Hotel – Short and Long Term Concerns in Mixed-Use Developments Containing a Hotel March, 2012 I. Introduction The 1990s and early 2000s were a boom time for real estate and hotel condominiums in mixed-use projects were no exception. During those boom times, the development of mixed, multi-use projects which included hotel or residential condominium components and regular hotel components took off. Developers realized that by selling off the hotel and/or residential units, they could “have their cake and eat it too”. Although hotel or residential condominium units were sold without the requirement that the purchasers of the units put the units back into a rental program, in fact, the vast majority of buyers did exactly that. Accordingly, developers of hotels which were in a combined development containing condominiums were able to recoup a large portion of the cost of the project while still maintaining the ability to manage the hotel and derive the income from the hotel operations. Similarly, by including a residential condominium component in a hotel building, the developer could lower its per-room cost of the hotel component which it continued to own and operate. And indeed, without adding the residential component to the deal, including a hotel in a mixed use development could not be economically justified, as the cost of the required elements (separate elevators, lobby and back of house) added expense without offsetting revenue. This was especially true because the sales prices of the residential units in a “high-end” brand hotel building were much higher than in a “traditional” residential condominium. -
2004 Visitor Plant Inventory
2004 VISITOR PLANT INVENTORY March 2005 Research and Economic Analysis Division This report has been catalogued as follows: Hawai‘i. Dept. of Business, Economic Development and Tourism. Research and Economic Analysis Division. Visitor plant inventory. Honolulu: 2000– Annual. Continues report published by the Hawai’iVisitors and Convention Bureau 1. Hotels-Hawai‘i. 2. Resorts-Hawai‘i. TX911.2.H29.2004 TABLE OF CONTENTS PREFACE .........................................................................................................................................1 OVERVIEW.......................................................................................................................................2 METHODS AND PROCEDURES ....................................................................................................5 VISITOR PLANT INVENTORY AVAILABLE UNITS – 1965 TO 2004 ..............................................8 SUMMARY BY ISLAND AND TYPE ...............................................................................................10 CLASS OF UNITS...........................................................................................................................21 2004 VISITOR PLANT INVENTORY – LIST OF PROPERTIES ....................................................27 TIMESHARE PROPERTIES BY ISLAND AND AREA ...................................................................56 LIST OF NON-RESPONDENTS ....................................................................................................59 PLANNED ADDITIONS -
Awarding of a Contract to Newmark Knight Frank To
Table of Contents Hospitality, Gaming & Leisure Valuation & Advisory PROPOSAL TO COMPLETE A MARKET DEMAND AND FEASIBILITY STUDY AND SITE ANALYSIS FOR A PROPOSED HOTEL PREPARED FOR: City of Walnut September 4, 2019 1 City of Walnut Table of Contents Cover Letter………………………………………...……………………...…………...…Page 1 Scope of Work and Timing…………………………………….……………..…………..Page 2 Company Overview and Staff Qualifications……….……………….……...………….Page 8 Terms and Conditions..……………..……………………….………….……………....Page 22 Sample Table of Contents………….……………………………………......………….Page 26 Qualifications of the Hospitality, Gaming & Leisure Specialty Practice….….……...Page 27 2 City of Walnut Cover Letter August 29, 2019 Ms. Joelle Guerra Senior Management Analyst, City of Walnut 21201 La Puente Road Walnut, CA 91789 (909) 595-7543 Dear Ms. Guerra: We are pleased to submit a proposal to provide professional real estate valuation and advisory services to conduct a market demand and feasibility study and site analysis in Walnut, CA. We have completed several hotel assignments in the area, including recent assignments in Tracy, West Hollywood, San Diego, Huntington Beach, and Glendale. We also actively engage with hotel owners, management companies, and developers as well national and regional brand representatives, including Choice International, Cobblestone Hotels, Hilton Worldwide, Marriott International, Wyndham Hotels, and others. Our clients include developers, investors, lenders, hotel management companies, and municipalities, all of whom require quality and comprehensive reports. In the proposal that follows, we will demonstrate that Newmark Knight Frank Valuation & Advisory LLC (NKF V&A) has the geographic reach, depth of experience, and array of professional talent to satisfy your needs for an accomplished valuation and advisory firm. Our team for this hotel feasibility study will be led by Laurel Keller, MAI and John Kelley, CHIA, who will serve as the primary points of contact. -
Goin Going Condo? What This Means for the Hospitality Financial Professional
THE JOURNAL OF HOSPITALITY FINANCIAL AND TECHNOLOGY PROFESSIONALS Volume 21, Number 3 April/May 2006 Inside: Financial Challenges to Condo-hotels; Off-the-shelf Software for Financial Reporting; Computer-based Training; Key Managerial Accounting Skills; Kiosk Markets; Feature Profile — Cihan Cobanoglu, Ph.D., CHTP WWW.hftp.org • WWW.HITEC.org C o n t e n t s THE JOURNAL OF hospitality FINANCIAL AND TECHNOLOGY PROFESSIONALS Volume 21, Number 3 A P R I L / M A Y • 2 0 0 6 FEATURES 13 GOING CONDO? HFTP®, HITEC® and ONHTEC® are registered service marks of Hospitality Arlene Ramirez, MBA, reviews the challenges involved for a financial professional when work- Financial and Technology Professionals. ing at a condo-hotel property. ProLinks and GUESTROOM 2010 are service marks of Hospitality Financial and NLIMITED ESOurcES FOR THE IMITED SERVICE USINESS Technology Professionals. 16 U R L - B Franklin John P. Sikich, CPA, CHAE and Arlene Ramirez, MBA give tips on how to use eco- nomical, off-the-shelf software for financial reporting and tracking. Submissions and Inquiries Individuals interested in submitting an article 20 DOES ON-ScrEEN LEARNING EQUAL ON-TArgET RESULTS? for publication should contact the editor. The Celeste Mozeik and Brian L. Miller, Ed.D., provide a survey report on the use of computer- Bottomline is a peer review journal. All ma- terials submitted for publication are reviewed based training in the hospitality industry. by members of the editorial review board or recognized experts in the field. 23 KEY MANAGERIAL AccOUNTING SKILLS Ray Schmidgall, Ph.D., CPA, CHAE and James Damitio report on the importance of 24 mana- The Bottomline (ISSN 0279-1889), the jour- nal of Hospitality Financial and Technology gerial skills, as rated by hotel financial executives. -
2019 Visitor Plant Inventory Report Is Posted on the HTA Website
2019 VISITOR PLANT INVENTORY Tourism Research TABLE OF CONTENTS Executive Summary ................................................................................................................................................................ 1 Overview of Methodology .................................................................................................................................................... 2 Visitor Plant Inventory & Individually Advertised Units in Hawai‘i Reports ........................................... 2 Data Collection ................................................................................................................................................................ 2 Terminology for Vacation Rental Units ................................................................................................................ 2 When to Use VPI vs. Individually Advertised Units data .............................................................................. 2 Visitor Plant Inventory .......................................................................................................................................................... 3 State of Hawai‘i .................................................................................................................................................................... 3 Inventory by Island ............................................................................................................................................................ 5 Island -
Family Tree: Global Hotel Companies and Their Brands
Family Tree: Global hotel companies and their brands This family tree is organized by parent company and lists hotel brands that had properties open as of 31 December 2014. PARENT COMPANY BRAND PARENT COMPANY BRAND 25Hours Hotels 25Hours Hotels Arcadia Hotels Af Arcadia Hotels Af 7 Days Inn 7 Days Inn Archipelago International Aston International A Victory Hotels A Victory Hotels Archipelago International Fave Hotels Abad Group Abad Hotels & Resorts Archipelago International Kamuela Villas Abba Abba Archipelago International Neo Hotels Abotel Abotel Archipelago International Quest Hotels Abou Nawas Abou Nawas Arcona Hotels Arcona Hotels Absolute Hotel Services Group Eastin Arcotel Hotels Arcotel Hotels Absolute Hotel Services Group Eastin Easy Aristos Hotels Aristos Hotels Absolute Hotel Services Group U Hotels & Resorts Arora Arora Accor Adagio City Aparthotel Aryaduta Hotel Group Aryaduta Hotel Accor All Seasonshotels As Hotels As Hotels Accor Caesar Park Hotels Ascott Group Ascott Accor Coralia Ascott Group Citadines Accor Etap Hotel Ascott Group Somerset Hotels Accor Grand Mercure Ashok Ashok Accor Hotel F1 Atahotels Atahotels Accor Hotel Formule 1 Atlantic Hotels Atlantic Hotels Accor Hotel Ibis Atton Hotels S.a. Atton Hotel S.a. Accor Ibis Budget Austria Trend Hotels & Resorts Austria Trend Hotels & Resorts Accor Ibis Styles Avari Hotels Avari Hotels Accor Libertel Axel Hotels Axel Hotels Accor Mercure Hotels Ayre Hoteles Ayre Accor Mgallery Hotel Collection Ayres Hotels Ayres Accor Novotel Hotels Azalai Hotels Azalai Hotels Accor -
Will Resume and List of Projects
William T. Tanaka, Jr. 1225 Ikena Circle Honolulu, Hawaii 96821 (808) 216-4560, email: [email protected] For over 35 years Will Tanaka has been involved with the development, conversion, sales and management of mixed use resort projects including hotels, condo-hotel and timeshare projects, in Hawaii and abroad. He is the Hawaii based owner of Aloha Hospitality Consulting LLC (AHC) and American Pacific Hotels LLC (APH), and the managing general partner of Island Colony Partners. Will’s advisory projects include the Trump Waikiki, The Ritz Carton Residences Waikiki Beach, The Ritz Carlton Residences Kapalua, and redevelopment of the King’s Village site. Prior to forming AHC he had held senior executive positions with Aqua Hotels & Resorts, Marc Hotels & Resorts, Shell Vacations, and Koar Real Estate Investment & Development. From 1995 to 2000 Mr. Tanaka Chaired the Oahu Chapter of the Hawaii Lodging & Tourism Association, the Hawaii affiliate of the American Hotel & Lodging Association. He has also served as executive committee member of the Hawaii American Resort Development Association (ARDA). He is a recognized authority in condo hotels having participated as an expert panelist and speaker at several condo hotel symposiums in Hawaii and on the mainland. William T. Tanaka, Jr. RESUME SUMMARY 2000 to Aloha Hospitality Consulting, LLC Present Owner/Managing Member – Hospitality advisory and development services specializing in the acquisition, development or conversion, and management of mixed use and resort projects. 2011 to American Pacific Hotels Present Managing Member – formed to become the general partner of Island Colony Partners and manager of Skyline at Island Colony Hotel. 2006 to Tanlin LLC Present Managing Member – formed to acquire and manage rental units in Island Colony.