Now showing items 1-14 of 14

    • A Comparison of Hotel Indices with Hotel Properties and Portfolios 

      Boudry, Walter I. (2014-06-01)
      Thanks to the availability of transaction data and the work of Real Capital Analytics (RCA), hotel operators and investors now have access to indices that track the price appreciation of hotels.1 RCA’s data is one basis ...
    • Calculating Damage Awards in Hotel Management Agreement Terminations 

      deRoos, Jan A.; Berman, Scott D. (2014-08-01)
      When a hotel management agreement is terminated without the consent of the manager, the law clearly allows the manager to recover damages (from the owner) as a result of the termination. In most cases, the owners and ...
    • Demystifying Debt Yields 

      Corgel, Jack (2012-06-01)
      Like a thief in the night, debt yield ratios (DY) snuck into the offices of commercial mortgage lenders in the U.S. and took over loan sizing methodology. According to C-Loans.com, It is the money center banks and investment ...
    • A Glimmer of Hope Amidst a Hemorrhage 

      Liu, Crocker; Nowak, Adam; White, Robert Jr (2021-01-20)
      Prices of hotels along the east coast continue to drop, although the rate of decline has moderated. Hotels on the west coast enjoyed positive price momentum, both on a quarter-over-quarter or year-over-year basis. Hotels ...
    • Guide to Using the Free Rent Calculator 

      Liu, Peng; Su, Luoyi; deRoos, Jan A. (2014-02-01)
      In this step-by-step guide, we show you how to use the Free Rent Calculator, which provides an accurate, visual means to quantify the impact of concessions in commercial leases based on the market conditions and landlord’s ...
    • Hotel Sustainability Benchmarking Study 

      Chong, Howard G.; Ricaurte, Eric E. (2014-05-01)
      This document presents the results of the first Cornell Hotel Sustainability Benchmarking (CHSB) study of hotel carbon and energy data. To date this research represents the single largest publicly available benchmarking ...
    • Insights on Hospitality, Retailing, and Commercial Real Estate: 2014 Cornell Retail Real Estate Roundtable Proceedings 

      Lawrence, Benjamin; Liu, Peng (2014-12-01)
      Undeniably, the retail industry spectrum is broad,” said roundtable chair Peng Liu, as he opened the inaugural retail roundtable, held in New York City in June 2014. An associate professor of real estate at the Cornell ...
    • Is It Time for Bottom Fishing? 

      Liu, Crocker; Nowak, Adam; White, Robert Jr (2020-10-12)
      The prices of hotels in all regions continue to hemorrhage, with hotels in the Middle Atlantic and South Atlantic regions particularly hard hit. In contrast, hotels in the Mountain states suffered the fewest losses. Hotels ...
    • Measuring the Value Added of REIT Managers Using MSA Benchmarks: A Return-Based Attribution Analysis Approach 

      Boudry, Walter I.; Liu, Crocker H.; Ukhov, Andrey (2013-01-01)
      An interesting, important, and challenging financial question both in academic research and in practice is how to determine asset managers’ investment performance. That is, how much can be attributed to luck or serendipitous ...
    • The Phoenix Is Rising 

      Liu, Crocker; Nowak, Adam; White, Robert Jr (2021-04-19)
      Although the price of hotels along the east coast declined again this quarter the rate of decline has continued to lessen. Hotels in gateway cities reversed course, outperforming hotels in non-gateway cities. Our moving ...
    • Real Estate: Private Equity Investment in Shanghai 

      Liu, Peng; Loh, Terence (2021-10-22)
      In this case study, you are a consultant engaged to assess whether to invest in Project Innov Star, a Class A office project in Zhangjiang Shanghai, which currently is stalled. The hold up, and thus the opportunity to ...
    • Second Quarter 2020: Are All Crises the Same? 

      Liu, Crocker; Nowak, Adam; White, Robert, Jr. (2020-07-24)
      Although the Great Recession is useful in offering insights into how hotel performance might fare during a crisis, we show that the current crisis is much worse in terms of risk and the loss of relative wealth. Not ...
    • Second Quarter 2021: Are We There Yet? 

      Liu, Crocker; Nowak, Adam; White, Robert Jr (2021-07-15)
      United States hotel prices have rebounded above their statistical lower bound in all regions except the Mountain states, signaling a return toward their pre-pandemic level—although we are not quite there yet. Prices of ...
    • What is a Gateway City?: A Hotel Market Perspective 

      Corgel, Jack (2012-04-01)
      The United States Office of Management and Budget designates 366 American cities as metropolitan statistical areas (MSAs).2 Fifty of these 366 MSAs contain the majority of the nation’s hotel rooms. For purposes of investing ...