Everybody is talking about authenticity. It is mentioned practically on a daily basis in the real estate world. But authenticity is more than a buzzword to boost returns. It is a must-have component of successful placemaking.
Nashville’s new boutique hotels capitalize on a sometimes bawdy history, art and artifacts—and even a fictional persona.
The hotel industry in Japan is evolving, with new lodging models emerging, some of which incorporate elements of the burgeoning sharing economy. A panel of real estate and hotel experts at the ULI Japan Fall Conference, held in Tokyo in November, discussed the “capsule hotel” and other models in Japan.
According to research by Marcus & Millichap, the accelerating U.S. economy, supported by strong employment growth and rising confidence levels, bodes well for continued hotel property performance. Elevated consumer and business confidence levels will likely buoy room demand through the remainder of the year, keeping occupancy at a record high and supporting growth in revenue per available room.
While America’s South continues on a steady course with a growing population and an increasing number of jobs, officials are acting on some challenges, which include traffic, housing affordability, education needs, and the rising cost of construction.
Experts in hotel development discuss the rising popularity of social spaces in hotels, the role of technology in the hotel experience, the ways guests are shaping in-room furniture design, the competition from Airbnb, the need for “Instagrammable” spaces in hotels, and changing approaches to hotel restaurants.
Florida remains one of the healthiest worldwide hospitality centers. Hotel occupancy in Miami-Dade rose to 87.9 percent in March from 85.7 percent in the same month last year, and the average daily room rate in was also up. At a panel discussion during ULI’s 2018 Florida Summit, two hotel developers shared how their decision to lean into the evolving trends within hospitality and tourism have bred overwhelming success.
Nestled in a relatively quiet East Amsterdam neighborhood, a new kind of hotel has been racking up occupancy rates topping 90 percent for the past two years. Zoku is a modern take on the extended-stay hotel, where the visitors stay in fully outfitted micro-hotel rooms of 260 or 320 square feet (24 or 30 sq m) and relax and connect in the common areas on the top floor.
To meet the evolving expectations of today’s travelers, new hotels are being infused with active, social spaces that encourage interaction between guests, offer unique experiences with local flavor, and provide healthy lifestyle amenities, said experts speaking at a ULI San Diego/Tijuana event.
Imagine arriving home after a long day at the office and calling room service to have a chef-prepared meal delivered to your door. For residents of Nashville’s new, innovatively designed Aertson Midtown building, that is not wishful thinking. They simply place an order with the signature restaurant of the Kimpton hotel that shares their apartment building.