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The hotel industry has had a major shock to its system due to COVID-19 pandemic. Whether this has changed your plans to sell or hold a hotel in portfolio, you will want to know these pricing strategies. Myth # 1: The higher I price my hotel, the more money I will get for it Market conditions…
Deferred Sales Trust May Be The Answer… 4 Options When You Sell Your Hotel If you own a hotel, you have two options: hold or sell. If you sell your hotel, you have three options: pay capital gains tax, defer capital gains tax using a 1031 exchange to purchase a new hotel, or defer capital…
Everyone agrees: the hotel industry growth is slowing, but this does not mean a downturn, at least not imminently. Occupancy remains high overall, though around zero growth nationally. Average daily rate is the main driver of revenue per available room (RevPAR) growth. Nationally, demand and supply are on par, about 2% growth each. STR forecasts RevPAR growth to be…