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Hotel Supply Not Hindering Sales Just Yet

NEW YORK CITY—But the certain factors are adding uncertainty to the lodging outlook.

LWHA 1Q17

NEW YORK CITY—Despite low expectations by many, the US lodging industry achieved growth in all top line operating statistics, and remarkably, every significant metric completed the year at a record level during 2016.  At this juncture, a cautious outlook for the sector remains, due in part to increases in new hotel supply in major US markets, the rise of alternative accommodations and the softening of income growth and property values.  However, US consumer confidence is at a 16-year high, surpassing the levels reached before the 2008 financial crisis and rivaling the heady days of the dot-com boom.

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Daniel Lesser

Daniel Lesser

Daniel H. Lesser, President & CEO of LW Hospitality Advisors LLC (LWHA), brings more than 35 years of expertise in a wide range of hospitality operational, investment counseling, valuation, advisory, and transactional services. He provides services to corporate, institutional, and individual clients as well as public agencies on all facets of hospitality real estate including: litigation support and expert testimony, site evaluation, highest and best use analysis, appraisals for mortgage, acquisition, and portfolio management, workout strategies, operational analysis, development consulting, property tax assessment appeal evaluations, economic impact studies, fairness opinions, deal structuring, and negotiation of management and franchise agreements. Mr. Lesser had been retained in connection with a broad variety of lodging assets throughout the Americas, as well as in Europe, the Middle East and Asia.

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