Articles Posted in Meet the Money®

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24 May 2024
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JMBM’s Global Hospitality Group®  hosted the 31st edition of Meet the Money® national hotel conference on May 6-8, 2024. Alongside exciting networking opportunities and insightful discussion panels, the conference featured several special presentations interpreting the latest data and industry sector highlights. In the third and final part of this blog series, we highlight the special presentations given by Troy Flanagan, Ariela Kiradjian, Jackie Collins and Paul Single.

AHLA Update 2024

Troy Flanagan, Executive Vice President of External Government Affairs and Industry Relations for the American Hotel & Lodging Association, kicked off the final day of presentations by sharing AHLA’s report on the state of the industry for 2024.

Troy discussed the results from this year’s report and what it means for the year ahead for hotels. He also provided an update on key issues impacting hotels and hotel investors being considered by the government at the federal, state and local levels.

The full presentation can be downloaded here.

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Boutique Hotel Transaction Patterns

Ariela Kiradjian, Co-Founder, Partner & COO of the Boutique Lifestyle Leaders Association, continued the day of special presentations by exploring the dynamic investment landscape of independent boutique hotels. CONTINUE READING →

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22 May 2024
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JMBM’s Global Hospitality Group®  hosted the 31st edition of Meet the Money® national hotel conference on May 6-8, 2024. Alongside exciting networking opportunities and insightful discussion panels, the conference featured several special presentations interpreting the latest data and industry sector highlights. In Part 2 of this blog series, we highlight the special presentations given by Daniel Lesser and Michael Cahill.

U.S. Lodging Industry H1 2024

Daniel H. Lesser, Co-Founder, President, & CEO of LW Hospitality Advisors, continued the first day of presentations by examining the strengths, weaknesses, opportunities and threats for the U.S. Hotel Industry in 2024.

Daniel explained that robust revenues, limited new supply, and significant capital inflows continue to fuel the U.S. hotel industry’s extraordinary performance in the post-COVID era. However, cracks may be beginning to emerge with March 2024 RevPAR declining on a year-over year basis for the first time since February 2021. Group business demand, which was a laggard to rebound, is now healthy, while corporate individual travel maintains modest positive momentum.  While leisure demand continues to thrive, the segment is challenged with many Americans traveling abroad coupled with a slow return of inbound overseas visitors particularly from Asia. During the near-term, moderate U.S. RevPAR growth is expected while operating expenses are projected to rise at a rate greater than inflation.

Fundamentals of select urban markets including Boston and New York rival pre-pandemic levels while other downtown cores including Chicago and San Francisco have runway to recovery. Finally, numerous hotels including many that are physically and/or functionally obsolete are being acquired for conversion and/or redevelopment to affordable, migrant, student, or supportive housing which represent a reduction in supply. Assets with deferred brand mandated property improvement plans (PIP) are under pressure to complete them in a costly environment. Combined with $195 billion in hotel loans maturing during the next three years, and/or rising technical defaults resulting from failing to meet debt service coverage ratios, property owners will be compelled to inject fresh capital which may require deal restructuring or an outright asset sale. During the latter half of this year, price discovery and value clarity will gain traction, transaction activity will increase, and hotels will remain a darling asset class, particularly during a sticky inflation environment.

The full presentation can be downloaded here.

CONTINUE READING →

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20 May 2024
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JMBM’s Global Hospitality Group® recently hosted the 31st edition of Meet the Money® national hotel conference. Alongside exciting networking opportunities and insightful discussion panels, the conference featured several special presentations interpreting the latest data and industry sector highlights.

Rising Above Rates: Successful Deal Strategies in a Cash Constrained Market

Jonathan Falik of JF Capital Advisors and Guy Maisnik, Vice Chair of JMBM’s Global Hospitality Group, kicked things off by moderating a panel of industry experts discussing innovative approaches for hotel developers and investors to make deals happen.

The “Rising Above Rates” bootcamp at Meet the Money took a deep dive into the current interest rate, transaction, and financing environment and the challenges faced by owners, borrowers and lenders. The panel and the session addressed way to capitalize deals and make them happen in a challenging environment including the use of CPACE, debt fund financing, and ground lease structures. A spirited presentation amongst 5 experienced industry professionals surfaced a lot of useful ideas and insights into making deals happen today.

The full presentation can be downloaded here.

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Lodging Performance Outlook 2024

Luigi Major, MAI, a Managing Director of HVS Americas, led Tuesday’s special presentations with an update on hotel performance, valuation metrics and construction costs for 2024.

Luigi explained that nationwide hotel RevPAR performance remains relatively steady in 2024. Hotel values decreased 16% from 2021 peak amidst higher cost of debt and lower transaction volume, and construction costs remain elevated resulting in a slowdown in new hotel supply.

The full presentation can be downloaded here. CONTINUE READING →

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9 May 2024
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The 31st edition of Meet the Money® 2024 national hotel finance and investment conference was held May 6-8 at the Los Angeles Airport Marriott. Some of the insightful presentations included observations on the current economy, insurance and investment advice tailored for hospitality, boutique hotel investment patterns, the Lodging Industry Investment Council’s Top 10, and the state of the hospitality industry in 2024.

To download these free presentations, please go to www.hotellawyer.com, click on the RESOURCE CENTER tab of the website, and then scroll down and select “Hotel Industry Publications.”

Or you can just click here to get the following presentations from the Meet the Money® conference: CONTINUE READING →

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8 May 2024
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Today at JMBM’s Meet the Money® national hotel finance conference, The Lodging Industry Investment Council (“LIIC”) released its much-anticipated LIIC Top Ten – the 2024 update of its an annual survey of investment sentiment survey.

LIIC — The lodging industry think tank

The members of LIIC represent the acquisition and disposition control of more than $60  billion in lodging real estate. LIIC members comprise some of the hospitality industry`s most influential investors, lenders, corporate real estate executives, REITs, public hotel companies, brokers, and advisors.

For almost 20 years, LIIC has prepared an annual survey of it members to identify their top concerns and issues affecting hotel investment. This survey results in the “LIIC Top Ten” – a highly-regarded profile of investment sentiment and attitudes for the lodging industry for the forthcoming 12 months.

This year`s survey was compiled by LIIC`s co-chairman, Michael Cahill. Mr. Cahill is president and founder of HREC – Hospitality Real Estate Counselors, a leading national hotel and casino advisory and brokerage firm specializing in lodging property sales, debt refinancing, consulting, and litigation support.

LIIC serves as the leading industry think tank servicing the hospitality business.

 

LIIC Top Ten

This year’s LIIC identified and provided insight on these ten elements affecting hotel investment. They are listed in reverse order of importance to the LIIC members. Click here to download the 2024 LIIC Top Ten full presentation.

  1. Hotel Guestroom Demand
  2. New Hotel Development
  3. Where NOT to Buy a Hotel, and Where to Buy a Hotel
  4. Hotel Buyers Struggling to Find Product
  5. What Do Lodging Investors Want
  6. Impact of Inflation
  7. Impact of Hotel Debt
  8. Hotel Cap Rates and Transactions Market
  9. Greatest Four Threats to Your Hotel Investment
  10. Hotel Property Investment

Overall, the report trended toward cautious optimism, especially for the recovery of corporate travel and lender activity.

You can download the full presentation here.

 

About Meet the Money®

For over 30 years, Meet the Money® has created an energetic environment to forge relationships, negotiate deals, and gain an in-depth understanding of hotel investment and finance. Our national hotel conference attracts heavy hitters and offers an opportunity for productive, one-on-one networking with them.

Picture of Jim Butler

This is Jim Butler, author of www.HotelLawBlog.com and founding partner of JMBM and JMBM’s Global Hospitality Group®. We provide business and legal advice to hotel owners, developers, independent operators, and investors. This advice covers critical hotel issues such as hotel purchase, sale, development, financing, franchise, management, ADA, and IP matters. We also have compelling experience in hotel litigation, union avoidance and union negotiations, and cybersecurity & data privacy.

JMBM’s Global Hospitality Group® has been involved in more than $125 billion of hotel transactions and more than 4,700 hotel properties located around the globe. Contact me at +1-310-201-3526 or jbutler@jmbm.com to discuss how we can help.

How can we help? Brochure Credentials Photo Gallery

 

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29 April 2024

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Join us next week for our highly anticipated 31st Meet the Money® Conference. Secure your spot by registering online before May 1st, 12 pm Pacific Time. For those who miss the deadline, walk-in registration will be accommodated at the venue for an additional fee of $300.

This must-attend event draws attendees from across the country, offering a perfect blend of scale and intimacy. It’s large enough to attract the key people you want to see, but is small enough to be able to walk over and talk to them. If you’re considering attending this year’s conference, seize the opportunity and register now!

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Included with registration is an exclusive 2-hour investment deep dive session on May 6th titled “Rising Above Rates: Successful Deal Strategies in a Cash Constrained Market.” Led by Jonathan Falik of JF Capital Advisors and Guy Maisnik, Vice Chair of JMBM’s Global Hospitality Group, this session features a panel of industry experts discussing innovative approaches for hotel developers and investors to make deals happen in a challenging economic environment. CONTINUE READING →

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31 March 2024

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The Meet the Money® 2024 program has launched on MeetTheMoney.com, and we’re excited to bring you a conference packed with the experts you want to hear from. Join us in Los Angeles for three days of high-level discussion panels and special industry presentations focused on financing, investment, deal-making, and success in this year’s market.

This year’s program will include:

  • Networking opportunities, including a wine mixer and a grand welcome reception
  • Special presentations that provide an overview of the state of the industry
  • Discussion panels featuring expert insight into topics such as executive strategies, hotel development, innovative financing, acquisitions, and investment.

Don’t miss out on this opportunity to connect with industry leaders, gain valuable insights, and elevate your hospitality investment strategies!

This year, our first general session panel will feature top-level professionals who will discuss executive suite strategies for driving success in today’s competitive landscape. CONTINUE READING →

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16 January 2024

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Early Bird registration is now available for Meet the Money® 2024. Click here to register with a $200 discount off the regular rate of $1,495.

Meet the Money® 2024 will be May 6-8, 2024 at the Marriott Los Angeles Airport hotel.

More information is available on www.MeetTheMoney.com.

Register now to secure your spot for the hospitality industry conference focused on 2024 hotel finance, investment, and deal-making.

About Meet the Money®

For 30 years, Meet the Money® has created an energetic environment to forge relationships, negotiate deals, and gain an in-depth understanding of hotel investment and finance. Our national hotel conference attracts heavy hitters and offers an opportunity for productive, one-on-one networking with them.

Meet the Money FAQ

Not sure if Meet the Money is for you? Below are some frequently asked questions, and their answers.

Who attends Meet the Money?

Our attendees are hotel owners, developers, investors, lenders, operators, advisors, consultants, brands, lenders and other capital providers.

What makes our conference different?

Meet the Money is a hospitality industry conference focused on bringing industry leaders together to make deals and connections. It’s a productive, exciting environment for one-on-one networking between speakers, sponsors and attendees.

How much is registration?

Early Bird registration for Meet the Money 2024 is $1,295 per attendee, through February 29, 2024. Standard registration is $1,495, beginning March 1.

What does registration include?

Registration includes:

  • All general sessions, special presentations and networking events during the three-day conference, including our Monday afternoon Investment Boot Camp
  • All conference materials, including attendee list
  • Tuesday night’s Welcome Reception
  • Meals during the program on Tuesday and Wednesday

Who do I contact if I have questions, or if I’m interested in speaking or sponsoring?

Please reach out to Doreen Filice Gabel, DFilice@jmbm.com.

Picture of Jim ButlerThis is Jim Butler, author of www.HotelLawBlog.com and founding partner of JMBM and JMBM’s Global Hospitality Group®. We provide business and legal advice to hotel owners, developers, independent operators and investors. This advice covers critical hotel issues such as hotel purchase, sale, development, financing, franchise, management, ADA, and IP matters. We also have compelling experience in hotel litigation, union avoidance and union negotiations, and cybersecurity & data privacy.

JMBM’s Global Hospitality Group® has been involved in more than $125 billion of hotel transactions and more than 4,700 hotel properties located around the globe. Contact me at +1-310-201-3526 or jbutler@jmbm.com to discuss how we can help.

How can we help? Brochure Credentials Photo Gallery

 

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25 July 2023

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Earlier this week, the Global Hospitality Group® co-hosted a breakfast briefing in Los Angeles with CREDE, a leading real estate development and project management firm. The program focused on how hotel owners and developers can reduce their cost of capital and costs of construction while filling in gaps in their capital stack through a few critical construction management techniques and exploitation of both traditional and alternative financing options.

Luigi Major, Managing Director of HVS, opened the program with an economic overview, providing an inspiring update on the state of the industry. His data shows depressed urban markets like San Francisco and San Jose are now enjoying double digit RevPAR growth, and some formerly red-hot leisure markets such as Santa Barbara have softened (-24% RevPAR growth). Business travel continues to get stronger and leisure travel is slowing. Cap rates are rising, but only by 40-90 basis points, which is modest compared to the interest rate environment. Luigi believes this is due to hotels coming into favor as a class of real estate. CONTINUE READING →

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16 May 2023

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The Meet the Money® 2023 conference wrapped up earlier this month, after 3 days of informative panel discussions exploring opportunities, challenges, and trends in the hospitality industry. The summaries below outline discussions our experts and executives presented to an audience of hotel owners, developers, investors, lenders and operators.

Interested in attending next year? We’ll be hosting the conference in Los Angeles May 6-8, 2024. Join our mailing list for announcements and other information.

General Session #1: C-Suite

Moderator Eric Danziger of Resolute Road Hospitality led a discussion with top executives from Peachtree Hotel Group, Mission Hill Hospitality, The LCP Group, Pacifica Hotels and NewcrestImage.

Panelists began by discussing their approaches to recovery after the pandemic, including allocating more capital to hospitality properties to keep valuations up, planning for a recession, anticipating changing “new norms” in the workplace, finding opportunities in credit, and predicting shifts in markets to new cities. They also explored alternate hospitality experiences such as luxury recreational vehicle sites (like AutoCamp), new options presented by advances in technology, and how their relationship with brands has evolved over the last few years. CONTINUE READING →

Contact Information
Jim Butler, Chairman
Global Hospitality Group®
Jeffer Mangels Butler & Mitchell LLP
(310) 201-3526 • jbutler@jmbm.com
www.HotelLawyer.com

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