Erik Ransdell’s Post

Branded residences as a sector has remained resilient in the face of global headwinds. The landscape of branded residences is evolving with new players and although luxury hotel brands remain dominant, non-luxury chain segments are making strides. Each evolution fosters diversification to cater to varying buyer demands across diverse geographical landscapes. On Wednesday 15 November our real estate experts hosted two webinars which explored who is driving demand for branded residences and discuss the future outlook for this sector.

Welcoming Back Property Improvement Plans “...in the first quarter of 2023, the industry saw a significant 38% increase year-over-year in renovation and conversion projects...Hoteliers know this and today they are at the helm of reinvestment..." The pressure to update is coming back stronger and on a grander scale, as owners have a renewed interest in presenting their hotels at their best quality amongst competitors. "While prices have not returned to pre-pandemic levels, the industry has found a healthy operating baseline..." At Confera, our pricing has remained aggressively low. Other than a specific group of materials, most of our estimates and costs have remained static to pre-pandemic levels. If you are concerned about how to make those PIPs cost-effective and healthy for your bottom line, reach out to Confera and let us help you execute a professional and financially-efficient renovation for your next project. Referencing Stephen Siegel’s article on Hotel News Now. https://lnkd.in/gby-d_JS #hotelrenovation #Confera #ConferaConstruction #hospitality

KSL Capital Partners said it intends to buy Hersha Hospitality Trust, the owner of 25 U.S. lifestyle and luxury hotels, in an all-cash transaction worth about $1.4bn. Some of Hersha’s hotels include Hyatt Union Square New York,  The Rittenhouse Hotel in Philadelphia, The Envoy in Boston Seaport, and The Ritz-Carlton Georgetown in Washington, D.C. The KSL/Hersha deal underscored the ongoing popularity of lifestyle properties. Developers plan to build as many as 60,000 upper-end lifestyle hotels in the U.S. over the next four years, according to an analysis by The Highland Group of CoStar’s STR data. #PEInsights #privateequity #deal #hospitalityacquisition

There is a shift in real estate dynamics and industry leader, Romy Bhojwani elaborates on how the landscape of commercial real estate investing is experiencing a notable transformation, with hotels emerging as a preferred asset class for investors. Read the full article here: https://zurl.co/1sbX #ILHA #industrynews #hospitality #luxuryhotels #luxuryhospitality #hospitalityindustry #hotelnews #hoteliers

Sharing key takeaways from the Hotels Forum today: Consumer Trends: Richard Stevenson (BVA BDRC) and Tim Davis MBE (PACE Dimensions) are offering valuable insights on consumer attitudes towards sustainability, design trends, and the impact of the upcoming election on the industry. Market Transactions Panel: Learn from industry leaders like Justin Lanzkron (Kew Green Hotels), Phil Golding (Cedar Capital Partners), Richard Dawes (Savills), and Robert Ryan (Lamington Group | B Corp™) on the latest market transactions, moderated by Saar Sharon of Colliers. Stay tuned for more updates from the Leisure Property Market Forum! #hotels #sustainability #designtrends #leisure #forum #hospitality

Thank you for allowing me to be part of the day Fergus Cook Iwona Plumpton The HS Property Hub. Thoroughly enjoyable event with lots of strong opinions and debate. Great chairing by Luke Baines Addleshaw Goddard and good data driven overview by Tom Holt-Wilson CBRE. The views of Richard Stevenson and Tim Davis MBE of BVA and PACE Dimensions were intriguing, in particular when it comes to Gen X and Gen Y spending today (not as you would think) vs where one can extrapolate where it will get to. Philip Lassman Accor gave a canter through HMA's vs leases before a good banking session moderated by the inimitable Paul McCartney DAC Beachcroft, who manged to get some good sparing going between Bob Silk Barclays UK and Huw Zachariah (AKA poacher turned game keeper👀) ..... I'm glad Louise Gillon Leumi UK sat between them to keep them apart! Dexter Moren Studio Moren decided to get 'all political' and kicked some ESG footballs around, before rounding off on the panel I was lucky enough to join. Thanks for moderating Saar Sharon Colliers, no punches thrown or hair pulling but definitley some pinching and poking. Loved debating a range of topics, especially how you take into account the value of ESG in a hotel. As you may have picked up, I have quite strong views on the point i.e. we need ACTIONS than WORDS from lenders and investors to help push forward, otherwise it is just lip service. We can't wait for, or depend on, legislation in our sector to set the agenda. Is the reality that hotels are not anymore valuable (financially) with great ESG credentials, but is more about the moral compass of companies to drive it forward, and wait while others assets are stranded? (And if so, do stranding dates form part of IM's, if not, why not?!) Always a pleasure to debate with Richard Dawes Savills Hotels, Justin Lanzkron Kew Green Hotels and Phil Golding Cedar Capital Partners room2 hometels | B Corp™ Lamington Group | B Corp™

The recent economic climate has been difficult for many, particularly in the residential property sector. However, the branded residence market has been incredibly resilient, and its reach is expanding to new regions. These new locations are taking advantage of the rapidly growing economies and the wealth that is being accumulated. Furthermore, the landscape of branded residences is changing with new players, particularly those from outside of the hotel industry. Luxury hotel brands are still dominant, but other chain segments are making a strong push, providing a variety of options to meet the needs of people in different areas.

#RealEstate attorney Stacie Goeddel was interviewed by Law360 about the current surge in demand for mixed-use #residential and #hotel projects. She highlighted the allure of #luxury hotel-branded residences and stressed the significance of #regulatorycompliance, particularly in the realm of #ESG and #sustainability, for #hospitality companies in the near future. Ms. Goeddel's insights shed light on the industry's evolving landscape. #hospitalityindustry

"Not all assets are created equal," read the latest Hospitality Net article from RSM US senior real estate analyst Ryan McAndrew where he discusses how to navigating the hotel transaction market:

"Not all assets are created equal," read the latest Hospitality Net article from RSM US senior real estate analyst Ryan McAndrew where he discusses how to navigating the hotel transaction market: