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Ink48 Hotel in New York City's Hell's Kitchen Sold for $62 Million
2024-12-16 18:07:25| Hotel Resource
The Ink48 Hotel, which has 226 rooms, was bought for $275,000 per key, making it one of the most economical purchases of a renovated hotel in Manhattan in recent years
Category:
Hospitality
LATEST NEWS
U.S. Hotel Industry Boasts Strong December Start and Group Demand Surge
2024-12-16 18:02:28| Hotel Resource
Globally, excluding the U.S., RevPAR advanced by 9.1%. Japan and Canada led the way with significant RevPAR growth. The impact of China's economic stimulus on hotel industry performance remains to be seen.
Category:
Hospitality
What Does It Mean to Have Your Balance Sheet Reconciled?
2024-12-16 17:54:53| Hotel Resource
I discuss this question with hoteliers way too often. Its not their fault, but the reality is they dont understand what this statement means and, in this piece, Im going to lay it out for you. I will say that the lack of understanding and basic ignorance of this is a costly and completely avoidable expense if you just do a little digging and ask the right questions.
Category:
Hospitality