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New Midscale Brand Prototypes Share Common Ground

New Midscale Brand Prototypes Share Common Ground

Despite a strong overall recovery in the hotel industry, the midscale and upper midscale tiers have lagged behind in revenue growth. According to data from STR, the two sectors drove RevPAR growth of 4 percent last year, trailing the overall ...

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What Are Your True Variable Costs Per Occupied Room?

What Are Your True Variable Costs Per Occupied Room?

Knowing the average, actual costs incurred per occupied guestroom enables a manager to make more prudent pricing and marketing decisions and to monitor expenses. Variable costs may range from $12 per room night for a budget property to more than ...

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U.S. Hotels in Profitable Portion of Recovery Cycle

U.S. Hotels in Profitable Portion of Recovery Cycle

Despite the slowdown in the pace of revenue per available room (RevPAR) growth in 2013, U.S. hotels were able to sustain strong gains in net operating income (NOI) during the year. Looking forward, the combination of rising average daily rates ...

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Jim Merkel Shares Rockbridge’s Investment Strategy

Jim Merkel Shares Rockbridge’s Investment Strategy

When he was 25, Jim Merkel co-founded Rockbridge alongside his first boss, Ron Callentine. Since 1994, the Columbus, Ohio-based private equity firm has strategically converted or reposi­tioned 325 assets, turning them into top-performing properties by capitalizing on the specific needs ...

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