daniel p mccoy
A Closer Look at Hotel Interest Rates: Past and Future
Dan P. McCoy | May 30, 2024
By Daniel P. McCoy Over the past couple of months, it has become increasingly clear that interest rates for hotel financing, and just about everything else, may stay higher for longer. As markets adjust to this expectation, many investors are realizing that they may not be able to delay deals until rates drop back down to so-called “normal” levels. There is mounting pressure for financing decisions that will need to be made in the coming months. In this article, we have compiled and analyzed historical hotel interest rate data, as well as indications from the Federal Open Markets Committee (FOMC or “Fed”) on the anticipated direc...
Kansas City’s Flourishing Demand Generators Bolster Hotel Interest
Benjamin Giebler | May 9, 2023
By Benjamin Giebler, Daniel P. McCoy The Kansas City hotel market has rebounded following the impacts of the COVID-19 pandemic, and high levels of leisure demand and the return of convention activity have driven the recovery. Despite rising construction costs, a number of hotel developments are proposed in Kansas City, signaling an optimistic outlook for the market. Events and Developments in Kansas City A number of major events and development projects across Kansas City should boost hotel demand and bolster pricing power in the coming years, as outlined below. In March 2019, construction began on a $1.5-billion project to convert ...
HVS Key Takeaways: The Southern Lodging Summit 2016
Daniel P. McCoy | August 29, 2016
By Daniel P. McCoy, Aug 29, 2016 The 2016 Southern Lodging Summit drew a crowd of hoteliers and industry experts to Memphis. While delegates shared optimism about the prospects for growth, the conference shed light on some looming operational challenges facing the region's hotels. Hotel experts from across the industry converged last week in Memphis, Tennessee, for the Memphis Hotel and Lodging Association's annual Southern Lodging Summit. Memphis, the birthplace of Holiday Inn and a hub for Hilton Worldwide's corporate operations, has a rich heritage in hospitality, and many of today's top hotel executives trace their professional line...
Five Key Takeaways from the 2015 NYU International Hospitality Industry Investment Conference
Daniel P. McCoy | June 23, 2015
By Daniel P. McCoy, Sara E. Olson and Dorothy A. Jennings Encouraging news about hotel demand, investment, and new supply inspires optimism at this year's hospitality conference. Keynote speakers and workshop panelists at the 2015 NYU International Hospitality Industry Investment Conference, held June 1 and 2 at the New York Marriott Marquis, highlighted positive industry fundamentals that support a very optimistic outlook for the hotel industry. The tide of optimism spread through some 2,300 attendees from every corner of the industry. Increasing hotel supply and rising interest rates remain the most conspicuous potential stumbling blo...
