Cornell Real Estate Market Indices: Third Quarter 2019: Is Bad News Fake News?
Crocker Liu released a recent Cornell Report highlighting that only hotels in the South Atlantic region experienced a positive price momentum during this period.* The performance of hotels in non-gateway cities declined at a faster rate relative to those in gateway cities. Hotel financial operating performance has finally returned to positive profitability with operating profit exceeding both a hotel property’s operating costs as well as financial (borrowing) cost, based on economic value analysis (EVA). READ MORE