Hello Sunshine ’s Post

🏨🔍 Host Hotels & Resorts CEO's Vision for 2024: Seeking Opportunities in Urban Markets 🌆💼 Insights from CEO Jim Risoleo: 🔍 Market Exploration: Keeping an eye on bargains and contrarian bets in beaten-down urban markets. 💵 Liquidity Position: Ended 2023 with $2.9 billion in liquidity. 💼 Investment Plans: Planning to invest up to $675 million back into the portfolio this year. 🌍 Preference for Properties in Growing Markets: * Multiple demand generators: Leisure, business, and group travel. * Example: Excitement about Nashville, Tenn., where Host already has a 50% stake in the Hyatt Place hotel downtown. 🏙️ Focus on Beaten-Down Urban Markets: * Anticipates a renaissance in certain major urban markets. * Believes in the long-term recovery of San Francisco. * Host Hotels' assets in San Francisco performed well in Q4, boosted by Asia-Pacific Economic Cooperation meetings in November. 🚀 Anticipation of an Active Acquisition Year: * Confidence in the return of major urban markets. * Sees potential opportunities for growth. 💰 Financial Performance: * Q4 revenue surpasses analysts' expectations. * Funds from operations meet expectations. 📈 2024 Projections: * Forecasting 2.5% to 5.5% growth in comparable-hotel revenue per available room (RevPAR). * Total revenue for the year expected to be $5.59 billion to $5.74 billion, surpassing analyst expectations. 📊 Market Response: * Shares rise more than 1% to $20.47 in morning trading. * Stock has seen about a 20% increase over the past year. https://lnkd.in/giVzAdBG

Some changes we’ve accommodated in the last couple weeks. Sure we can ship your belongings to Barcelona. Then to Florence. Then to Paris. If this wanderlust lasts, we may never put it down. And another. Sure we can add your the Grand Piano to your shipment. Did you want us to drop that at your Philly place or NYC? Accommodation is what it’s all about. Sometimes it’s easy. Sometimes it doesn’t make sense. But sometimes it just matters too much. We are here for what matters AND to make sense. Oh and for the easy stuff too. My boss marvels at my clients many varied needs and requests. That my clients are somehow unique. I don’t think they are unique. I think I make sure I explore what’s possible. Coming up next, Crating and storing over 400 pieces of fine art, some hundreds of years old, requiring a variety of packing and storing needs. Btw, did you know furniture can be art? Real Estate friends. If your clients are asking crazy questions. Send them to me. I will get them answers. Not always a yes. But I will go down the rabbit holes.

In the realm of promoting a luxury hotel, authentic storytelling stands out as the key to creating a memorable and compelling brand narrative. 🏨✨ 📖 Storytelling that Resonates: Authenticity in storytelling isn't just about sharing facts; it's about crafting a narrative that resonates with your audience. Share the unique history, the passion behind the establishment, and the extraordinary experiences that make your luxury hotel one-of-a-kind. 👥 Connecting with Guests: Authenticity builds trust, and in the luxury hospitality industry, trust is paramount. Share stories that showcase the genuine connections your hotel has made with guests. Highlight their experiences, testimonials, and the personalised service that goes above and beyond expectations. 🤝💖 🌍 Cultural Integration: Embrace the cultural essence of your location. Storytelling becomes more powerful when it reflects the rich heritage and traditions of the destination. It's not just about staying at a hotel; it's about immersing oneself in a unique cultural experience. 🌐🏰 📸 Visual Appeal: Utilize captivating visuals to complement your storytelling. Share stunning images and videos that capture the luxurious ambiance, attention to detail, and the overall experience of staying at your hotel. Let the visuals speak volumes about the opulence and sophistication your establishment offers. 📷🌆 🌟 Creating Memories: Luxury isn't just about amenities; it's about creating lasting memories. Share stories of extraordinary moments, whether it's a personalized surprise for a guest, a special event hosted at the hotel, or a breathtaking view from one of your suites. 🎉🌅 In the competitive world of luxury hospitality, authenticity sets you apart. Craft a narrative that goes beyond the ordinary, creating an emotional connection that lingers in the minds of your audience. Elevate your brand through genuine, compelling storytelling. ✨🚀 #LuxuryHospitality #AuthenticStorytelling #HotelExperiences 🏨💫 https://lnkd.in/eqjYgYbP

The President, The Prince & this Proptech person came to New York City… Sounds like the start of a bad dad joke & the impact to Manhattan traffic was certainly no joke… Neither were the challenges in finding a hotel room. In all of my post-COVID travels, it has been shockingly easy to find incredible hotel room deals… until this week in New York City. I’m hoping the President & the Prince had an easier time finding a room than I did. If the article in the Wall Street Journal is any indication, we’re all going to have a harder time finding rooms in New York City given an increase in tourism & a decrease in #Airbnb options. With the proliferation of doom & gloom #realestate headlines dominating the post-COVID era & recent fears of massive commercial real estate loan defaults, an increase in demand for hotel rooms & the accompanying industry growth & profitability is a ray of sunshine in an otherwise stormy real estate forecast. Based on expert predictions, the increased cost of your hotel stay will likely impact you less than the broader economic impact of hotel buildings being foreclosed on by the lenders. The loss of the taxes generated by commercial real estate coupled with potential catastrophic losses in the financial sector would impact all of us more over the long term. It wasn’t just heavy traffic, tightened hotel capacity & increased tourism that the 3 of us experienced, we also all three focused on the environment & #sustainability. President Biden attended the UN summit focused on prodding world leaders to address the increasing pressure of climate change & the importance of international environmental cooperation & collaboration. Prince William was in the city to promote The Earthshot Prize, which funds climate solutions. I attended CREtech, the preeminent Proptech conference, where the opportunities to address the climate impact of real estate through technology is featured. As I compose this post & ponder these experiences, it dawns on me that the positive headlines about tourism & the hotel real estate sector in NYC only increases the imperative that we implement & better use environmental proptech in hotels. We can minimize the environmental impact even as we maximize tourism. ❓Rather than considering just price & location, should I give heavier consideration to how a hotel is addressing its impact on the environment when making my future reservations? The President & the Prince can certainly bring more attention (and headlines) to the need to address climate impact than most of us can…  and even though their security teams will always insure that I am kept at a distance from them physically, we can all still collaborate together to play our parts in addressing the environmental impact of the buildings we use, the cities we visit & the world we inhabit. https://lnkd.in/gm4dAZs9

"Corporate chains masquerade as boutiques, and design trends are dictated by social media algorithms. 📱" How can Portuguese hospitality projects avoid criticism for perceived insincerity? 🤔 "Many narrative hotel concepts will invariably fall flat because developing them is a complicated process, and not everyone wants to invest in it. There’s no formula to history and authenticity, and visitors are discerning enough that they can see through shortcuts.” 🎭📜 #Portugal, despite its small size, can leverage its rich history, diverse culture, and unique landscapes to continually innovate and provide engaging, immersive hospitality experiences. 🇵🇹🌍 Portugal can embrace a #bold #fusion of deep local immersion and cutting-edge innovation through: 1. Curating an engaging, #dynamic #regional #narrative reflective of Portugal's rich cultural tapestry; 🎨📖 2. Pioneering #personalized, #techdriven guest experiences. 🛠️👥 This dual focus on #heritage and #innovation not only differentiates Portugal’s offerings but also sets new standards for immersive, authentic hospitality globally. 🌟🌐 ..or you can call neoturis... 📞 We develop concepts and provide comprehensive support from the initial idea to full implementation, including architecture, branding, and project execution. 🛠️🏨 We are committed to making travel in Portugal more intriguing and culturally rich. 🌍❤️

Samantha Ahuja, Shareholder and Co-Chair of Greenberg Traurig's Hospitality Practice, is quoted in a Law360 Real Estate Authority article titled "What We Learned About Hotels In 2023." 🏨 She shared her thoughts on key trends shaping the global hospitality sector, including an increase in luxury residential projects tied to hotel, fashion or car brands. "The question is how that translates in other markets and with other brands, but I think, based on what I've seen, we're seeing success in it in many areas," Samantha said. 📖 Read more here 🔗: https://buff.ly/48p0dDp. #GTInTheNews #RealEstate #Hospitality #Hotels #GTWashingtonDC #GTLawwomen

Some fantastic thoughts from a Canadian business icon. If you haven’t read his book, “Four Seasons: The Story Of A Business Philosophy” you should. #business #canadianbusiness #icon #hotel #hospitality #hospitalityindustry #goodread #canada #business