Independent Hotels
Independent Hoteliers Say Investors Are More Cautious Amid Global Conflict and Higher Interest Rates - CoStar
Lenders More Apt To Finance a Deal if a Brand Is Attached
Lenders More Apt To Finance a Deal if a Brand Is Attached
Co-Founder Aditya Sanghi cites current new guest & hotel trends and predicts how the hotel industry landscape will move forward for independents & groups
Located in Positano on the Amalfi Coast, south of Naples, their 56-room iconic property was enjoying its best year, as unprecedented numbers of pandemic-exhausted travelers were flocking again to Positano. Charging an average rate of 1,882 each night for a room, the hotel boasted a 99.9% occupancy rate and was fully booked until mid-October. This was in stark contrast with the preceding two years during the Covid-19 pandemic.
Building a small hotel from nothing into a wildly successful venture is no small feat. Thats particularly true today. The hospitality industry is far more competitive than it was even a decade ago.
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