Costing $1 billion and involving nearly 3,400 hotels and 430,000 rooms, the recently completed relaunch of the Holiday Inn brand family was the most ambitious, wide-ranging hotel industry initiative ever undertaken.
Lodging is the most management-intensive segment of the commercial real estate industry. And while location and financial structure are critical, operating performance may be the primary driver of value in a hotel investment.
Despite opposition from Republicans, Congress recently passed and President Obama signed into law the Small Business Jobs and Credit Act of 2010. The legislation could prove to be a boon for some hotel real estate entrepreneurs