Daniel Lesser

NEW YORK CITY—Driven by robust business and leisure travel, the US hotel industry completed another year of record setting metrics including: Occupancy, Average Daily Rate, RevPAR, Available Rooms, Occupied Rooms, and Rooms Revenue.  An extremely active and ferocious hurricane season during the summer months provided a boost to the extended-stay hotel segment but disrupted operations at many properties throughout Florida and Texas. While exacerbated in several submarkets, generally, the nation’s new hotel supply pipeline is fairly muted with an annual rise of approximately 2%, which is similar to the corresponding increases in demand.  Surging growth of GDP coupled with steady jobs increases and an ebullient stock market indicates a strong US economy for the foreseeable future.  Furthermore, healthy economies throughout the world are supporting growth throughout America.

The LW Hospitality Advisors (LWHA) 2017 Major U.S. Hotel Sales Survey includes 182 single-asset sale transactions over $10 million, none of which are part of a portfolio. These transactions totaled roughly $13.6 billion, and included approximately 51,000 hotel rooms with an average sale price per room of $267,000.

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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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