hotel asset value enhancement
Hospitality Asset Managers Association (HAMA) Release “Fall 2020 Industry Outlook Survey” Results
HAMA | October 14, 2020
BOSTON - The Hospitality Asset Managers Association (“HAMA”) today released the results of a wide-ranging survey of asset managers' thoughts, experiences and forecasts for the upcoming year as the hotel industry continues to deal with the on-going pandemic. With more than 100 participants, topics ranged from the impact of COVID-19 on RevPAR to which major brands were viewed as having most effectively addressed guest health and safety concerns. The survey also went into depth on the current and future financial status of participant hotels and made predictions on when the recovery will proceed. The survey was conducted in preparation f...
hotelAVE Appoints Chris Hague as Chief Operating Officer
hotelAVE | September 8, 2020
PROVIDENCE, R.I., Sept. 8, 2020 - Hotel Asset Value Enhancement (hotelAVE), the premier hotel asset management company, today announced the appointment of Chris Hague as Chief Operating Officer. Chris will play a critical role in overseeing operations, furthering the company's commitment to exceeding client and partner expectations. The announcement was made by Michelle Russo, Chief Executive Officer. "We are honored to welcome Chris to the hotelAVE team, and we are beyond excited to have the privilege of working alongside him," said Russo. "During this pivotal time in the industry, it is imperative that we have a strong team of execut...
HotelAVE Projects New Cleanliness & Social Distancing Protocols Could Cost Hotel Industry $9 Billion Annually
hotelAVE | June 8, 2020
PROVIDENCE, R.I., June 8, 2020 - Hotel Asset Value Enhancement (hotelAVE), the premier hotel asset management company, today released its latest projections that offer significant insights to the anticipated costs that hotel owners and operators can expect to incur as they prepare to reopen. Post Script, hotelAVE's operational efficiency division, estimates that new cleaning protocols could potentially cost the hotel industry as much as $9 billion on an annual basis, based on factors such as the increased frequency of cleaning guest rooms and public spaces, new supply costs and reopening expenses. The projections were announced today by Mic...
hotelAVE Projects a Five-Year Recovery Period for Hotel Industry Post Coronavirus
hotelAVE | March 19, 2020
Business Recovery Duration Similar to that Following September 11th & The 2008 Financial Crisis PROVIDENCE, R.I., March 19, 2020 -- Hotel Asset Value Enhancement (hotelAVE), the premier hotel asset management company, in a study released today, estimated that it will take the hotel industry in the United States approximately five years to achieve pre COVID-19 occupancies, revenues and profitability. In addition, the hotelAVE COVID-19 Hotel Outlook predicts that the pace of the five-year recovery from the pandemic will be extended after an immediate mini-spike beginning in May or June, as the impact on the travel and hotel industry i...
The 173-room Renwick Hotel Opens in Midtown Manhattan
Interstate Hotels & Resorts | October 7, 2015
NEW YORK, Oct. 7, 2015 -- The Renwick, a new 173-room hotel, featuring 33 custom suites, located at 118 East 40th Street, officially opens its doors today. Centrally located steps away from Grand Central Station and Midtown Manhattan, the hotel resides in a quaint, brick building with spacious interiors and a rich history of inspiring creative luminaries. The product of a blooming partnership between Interstate Hotels & Resorts, hotel Asset Value Enhancement (hotelAVE), and Meadow Partners, The Renwick delivers a fresh new focus on whimsical luxury with a modernistic approach designed for business travelers and leisure-seekers alike...
