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Lodging Econometrics creates two new programs

Lodging Econometrics, the global authority for hotel real estate, announced the development of two new programs designed specifically to identify the most important acquisition and development opportunities available to hotel investors and developers in today’s marketplace. Distressed Hotel Assets and Halted Construction Projects are two new reports that are part of a suite of programs that make up the next evolution of LE’s innovative Business Development and Target Account Programs for their clients. 

To compile the research for the Distressed Hotel Asset report, LE’s real estate team researched details for every hotel that was publicly announced as being distressed over the last year and a half. Reports include all property facts and complete contact information for the ownership group and lead lender. Many of these hotel owners are in the midst of a workout with their lenders and may be selling their hotel or be in search of new equity partners.

“To date, there are nearly 200 announced hotels in the United States that represent some of the most significant investment opportunities available for acquisition and business development officers in lodging companies, REIT’s, equity funds and other groups looking to purchase attractively priced hotel assets near the bottom of this valuation cycle,” said Patrick Ford, President and CEO, LE.

Abstracted from LE’s comprehensive Construction Pipeline intelligence, the Halted Construction Project report includes all projects that have ceased construction prior to completion, largely due to financing difficulties. To date, LE has identified and compiled more than 120 projects that represent ideal opportunities for developers whose own portfolio of construction projects may have slowed.  In most cases, the principal and lender of the property are anxious to continue construction, and would welcome new investment into the project.

“It’s an excellent time for investor groups to reenter the industry,” said Ford. “There is growing demand for asset investment opportunities now that the hotel operating recovery is underway. New supply additions are declining rapidly. New construction announcements into the pipeline have been declining for eight consecutive quarters and are expected to continue to decline in the foreseeable future.  New hotels forecasted to open in 2011, 2012 and 2013 will be at cyclical lows. If investments into these distressed assets or hotels that have halted construction are soon made, they could be hitting stride just as the industry’s operating recovery is accelerating and may by relatively unhindered by any other new supply coming online.”

“Many of these opportunities are in prime locations, have nationally recognized brand names and might not have experienced such difficulty if not for the financial crisis,” continued Ford. "These projects could offer prime returns for investors throughout the next upswing. For investors to assemble such research on their own would be practically impossible. LE is offering a turnkey solution that allows our clients to use us as their personal research team. All records submitted are immediately actionable and require no additional research.”

In addition, because future announcements will be in great demand and will be time sensitive, LE has developed a new subscription service with an express delivery feature. Clients will receive all new project records, as they are announced, complete with property details and comprehensive contact information. LE will also update those records provided previously if any of the information has changed. The end result is that business development officers will always have the most current market research for the most significant investment opportunities with complete contact information available at their fingertips.

Co-Founder & Managing Director - Travel Media Applications | Website | + Posts

Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.

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