hotelbrokerage
Paramount Lodging Advisors (PLA) Sells Texas Fairfield Inn & Suites
Paramount Lodging Advisors | July 9, 2018
Beaumont, TX - Paramount Lodging Advisors (PLA) has successfully executed the transaction of the Fairfield Inn & Suites in Beaumont, TX. Managing Director Kami Burnette and Managing Director Adam Montufar represented the seller in the transaction. The 74-room upper-midscale hotel was ideally located on Interstate 10 in Beaumont. The buyer was looking to capitalize on increasing revenues generated from the oil-driven market and substantially supplement the cash flow of their existing hotel portfolio. "Post Hurricane Harvey, the increasing commodities pricing is stabilizing the region and have presented an opportunity for the new owne...
How Halal Tourism Is Reshaping the Global Tourism Industry
Paramount Lodging Advisors | June 7, 2018
By Yulia Belopilskaya Spending by Muslim travelers is expected to rise to US$220 billion by 2020, with the number of Muslim tourists growing to 156 million from 121 million in 2016. That's according to the Global Muslim Travel Index (GTMI) 2017, which was produced by Mastercard and CrescentRating, a 'halal-friendly' travel consultancy. 'Halal' tourism is clearly a growing market segment, with Muslim tourists seeking destinations which meet their needs, in terms of diet, dress or rituals. Translated from Arabic, 'halal' means permissible in accordance with Islamic teaching. Alcohol, pork, nudity and gambling are off limits. With a burgeo...
