The most recent news from the Hospitality Industry is not good for Innkeepers. Hotel REIT giant, LaSalle Properties announced it was cutting 20% from its hotel staffing (mostly run by large hotel management companies) and has rescinded its 2008 guidance to the stock market. LaSalle reported that its Revpar (revenue per available room) decreased by [...]
Archive for the ‘Inn Financials’ Category
Operating a Bed & Breakfast – Complacency Spells Trouble!
Posted in Bed & Breakfast Consulting, Branding Your Bed and Breakfast, Business Profitability, Discounted Rates, Financial Results, Inn Financials, Innkeeping advice, Marketing Your Bed and Breakfast, Optimizing Results, Yield Management, web marketing on November 20, 2008 | Leave a Comment »
ARE YOU READY TO MAXIMIZE YOUR PROFITABILITY?
Posted in Business Profitability, Expense and Income Tracking, Inn Financials on January 28, 2008 | 1 Comment »
Arden Dale writes in a compelling article published in the Wall Street Journal on January 8, 2008 that “Want to Sell a Business? You May Not Be Ready.” Ms. Dale goes on to state quite cogently that many small business owners are relying on the ultimate sale of their business for their own personal retirement [...]
Time to Refinance?
Posted in Inn Financials on January 23, 2008 | Leave a Comment »
I think that everyone is aware of what is happening in the mortgage industry. The reporters are delivering the news everyday of how home sales are falling and that lenders are tightening their belts on providing loans. Interest rates are falling and their looms the possibility of a recession. What should we do with this [...]
The Art of Obtaining Financial Information
Posted in Buyers' Advice, Inn Financials, Purchasing a Bed and Breakfast on February 12, 2007 | 5 Comments »
It always amazes me when dealing with people looking to purchase an inn. The other day I received an e-mail inquiring on a property valued at $1.8M. The e-mail was simple. It said “This is the type of inn we are interested in. So, if you can pass on to me 3-5 years of financials, [...]
Yield Management? Not!!
Posted in Inn Financials, PAII, PAII Conference, Yield Management on December 6, 2006 | 4 Comments »
I was looking at the December edition of PAII’s Innkeeping this morning, and had a thought that I wanted to pass on. Clearly this falls in the range of “for what it is worth.”
I have heard Bill Carroll talk several times on Yield Management, including at last year’s PAII Conference. He is clearly a bright [...]
