Industry News
Good News!!! Development pipeline has slowed.
According in todays issue of Hotel News Now, STR/TRW/ Dodge is reporting a year over year decline of 24.2% in hotel construction starts. Every bit of positive news is helpful in today’s hospitality environment. I told one of my best … Continue reading
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STR forecast somewhat encouraging
Smith Travel Research, through its on-line daily e-news publication Hotel News Now, released its projections for year end 2010, with two of the three major indicators predicted to increase. Year over year occupancy and RevPar are both expected to increase by approximately 4.3%, … Continue reading
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Historically low rates for SBA 504
Check this out!! The SBA posted its August rates for the 504 program and the effective rate is lowest it has been in 20 years. The 4.93% is the effective rate, which means the fees are included in the rate calculation. … Continue reading
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