Hospitality

Independent Lodging Congress: Going Flagless

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In case you haven’t heard, we’re throwing a hotel conference. The Independent Lodging Congress, the nation’s preeminent gathering of independent lodging and real estate professionals, is returning to Philadelphia September 29-30, 2014. Taking place at Philadelphia’s beautiful Rittenhouse, itself a prime example…

Little Hotel, Big Industry

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It’s time for a lesson in etymology! Let’s look at the word boutique, a noun/adjective referring to a store or business that is small, specialized, or exclusive, and which is often associated with fashion, luxury, or quality. The word boutique…

Musings on Macau

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I was recently part of a conversation about gaming real estate and someone brought up the subject of Macau, China’s so-called “Monte Carlo of the East.” Macau, a former Portuguese colony, has been a major gambling hub since the mid-1800s,…

Olympic Real Estate

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Since commercial real estate is such a large, long-lasting asset class, it’s performance is fairly impervious to all but the most significant social, economic, and political shifts. Real estate is affected by trends more than events; a singular event must…

Think… Small

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I’ve been writing a lot about hotels lately, mainly because of our recently completed and highly successful Independent Lodging Congress here in Philadelphia. Lodging properties are an interesting asset class; they are constantly evolving to meet the needs of the…

Big Chains and Local Flavors

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No matter where you go throughout the world, odds are you’re going to see a tension between new development activities and small, established businesses. As cities grow and attract new residents and commercial opportunities, older businesses–accustomed to a certain status…