The Future of Hospitality

Future of Hospitality

Conversations for the people who run, own and invest in hotels. Owners, asset managers, revenue managers, general managers and F&B leaders explain the decisions behind their numbers: pricing and revenue management, investment and repositioning, direct bookings, talent, sustainability and the guest experience. Real cases and practical answers you can take back to your own hotel. Ten series, each with its own host, including Inside Hotel Asset Management, The Revenue Playbook, The Sustainable Stay and Lead the Experience. All episodes: https://futureofhospitality.org/links/?src=spotify

  1. Sep 24

    How a hybrid lease creates hotel value: the Tivoli Oriente case

    A lease can do more than collect rent. It can create value across an entire hold. Adrian Flück co-heads hotel investment at Invesco Real Estate, which owns 34 hotels across Europe, every one held on a lease rather than a management agreement. Using the Tivoli Oriente in Lisbon as a case study, he unpacks a 2019 sale-and-leaseback with Minor Hotels, a hybrid lease that pairs a minimum guaranteed rent with a turnover top-up, and a two-phase refurbishment that lifted rate and performance. What you will take away: - Under a lease the tenant carries the operating company and the staff, the landlord carries the building, the rent and the turnover. - A hybrid lease protects the downside with guaranteed rent while a turnover top-up shares the upside. - The demarcation list ends the who-pays fight, here close to fifty-fifty, by splitting refurbishment between the FF&E reserve and the landlord's technical works. - ESG becomes real when you collect 100 percent of energy data and benchmark it with BREEAM and GRESB. "It will not change your ADR, but it helps with your tenant engagement and your employee satisfaction." Inside Hotel Asset Management, for hotel owners, investors and asset managers, and for students weighing a career in the field. Watch on YouTube: https://youtu.be/rFoDLagqFx0 Key takeaways: https://futureofhospitality.org/episode/how-a-hybrid-lease-creates-hotel-value-the-tivoli-oriente-case/ More from Inside Hotel Asset Management: https://www.youtube.com/playlist?list=PLXd-mdvWGkso

  2. Jul 21

    From 1.7 to 4 million EBITDA | Capital Hospitality Europe

    The best asset in that portfolio was the one nobody was watching. Pierre-Louis Bellanger and Maxime des Monstiers of Capital Hospitality Europe take Luc Boschmans through the full cycle of La Perouse, a nineteen thirties boutique hotel above the Baie des Anges in Nice. The institutional owner was busy with its big boxes. It took seven letters of intent, in the middle of COVID, before they were granted exclusivity. Almost every call after that went against the instinct of the market. Rooms came out instead of going in, 56 down to 53. An F&B outlet was added instead of closed. The refurbishment ran seven months while building costs rose 30 percent, and the doors opened two days before the Monaco Grand Prix. What followed: a four star beating five stars on revenue per available room, and EBITDA that moved from roughly 1.5 to 1.7 million at acquisition to close to 4 million at the sale. The part most owners skip is how they timed that exit, and what they deliberately left on the table for the buyer. Watch on YouTube: https://youtu.be/rZ-aT6HrTyE Key takeaways: https://futureofhospitality.org/episode/fewer-rooms-more-value-repositioning-la-perouse-in-nice/ More from Inside Hotel Asset Management: https://www.youtube.com/playlist?list=PLXd-mdvWGkso Follow The Future of Hospitality for weekly insights into hospitality, hotels, and guest experience. Disclaimer: This podcast shares stories, experiences, and opinions from hosts and guests. They are personal perspectives only and not statements of fact or official advice from The Future of Hospitality

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Conversations for the people who run, own and invest in hotels. Owners, asset managers, revenue managers, general managers and F&B leaders explain the decisions behind their numbers: pricing and revenue management, investment and repositioning, direct bookings, talent, sustainability and the guest experience. Real cases and practical answers you can take back to your own hotel. Ten series, each with its own host, including Inside Hotel Asset Management, The Revenue Playbook, The Sustainable Stay and Lead the Experience. All episodes: https://futureofhospitality.org/links/?src=spotify