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Revenue Managers: Yes It’s a Seller’s Market But Don’t Get Greedy

Revenue Hub

In response to the post-pandemic demand surge and faced with constricted inventory due to labor shortages, rising supply costs, and other challenges, hoteliers pushed their prices back to pre-pandemic levels in record time. Sources predict that hotels’ pricing power will remain strong. Why do we do this? Our demand dried up.

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Village Hotels owner considering offloading brand in £485m deal

Hotel Owner

The American private equity backer of Village Hotels, KSL Capital Partners, is getting ready to offload the chain of properties it acquired in 2014 for £485m, Sky News has reported. Village Hotels comprises an estate of 33 properties in locations such as Aberdeen and Bournemouth, with rooms available at “budget” prices.

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Banyan Investment Group Completes Sale of Holiday Inn Express Bluffton @ Hilton Head Area

Lodging Magazine

BLUFFTON, South Carolina—Banyan Investment Group (BIG) announced the completed sale of the 112-room Holiday Inn Express & Suites Bluffton @ Hilton Head Area in South Carolina, to Trishul Hospitality for an undisclosed price. The transaction generated a 24 percent IRR and a 3.3x equity multiple. “We

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Why Does This Ice Cost $32?

EATER

The company behind it explains the science and pricing of premium ice. According to Gordon Bellaver, who’s been a partner at Penny Pound since 2014, “That’s been the biggest hurdle: trying to explain and I guess, in a way, to justify the difference in product and the difference in price as well.” One gallon of raw milk? $20.

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The Ainscow Hotel sold to new owners for £7.5m

Hotel Owner

The Ainscow Hotel in Manchester has been purchased by an established UK property and leisure investment company off a guide price of £7.5m. The Artisan Property Group then purchased the property in 2003 and later converted the building into a hotel, which opened in 2014 following a major capital expenditure programme.

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The Mille Club: Thinking of the Hidden Costs for High Rates

Larry Mogelonsky

At this point, we could lecture on about Veblen goods , Giffen goods , the rise of the leisure class and other elements of behavioral economics that contribute to a hotel’s pricing strategy, perhaps it’s better to explain our point via an example. Namely, we are wine nuts, so let’s start there.

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BIG completes sale of SC Holiday Inn Express & Suites

Hotel Business

has completed the sale of the 112-room Holiday Inn Express & Suites Bluffton @ Hilton Head Area in Bluffton, SC, to Trishul Hospitality for an undisclosed price. Banyan Investment Group (BIG), a hotel investment company that acquires and asset manages hotels in the U.S., The transaction generated a 24% IRR and a 3.3x equity multiple. “We