Why Hotel Conversions Need Transactions: Choice CDO Explains the Reset
About this episode
David Pepper discusses the importance of transactions in hotel conversions and the growth of extended stay properties.
David Pepper, Chief Development Officer at Choice Hotels, says Q1 turning RevPAR positive brought buyers back into the market. Glenn Haussman talks with David from Choice's annual convention about why transactions drive conversions—and why extended stay keeps leading new builds. Conversions need transactions: buyers have to trade hotels for conversions to happen Q1 momentum: industry up, Choice up, investors start moving Choice relicensing up 50% in Q1 as buyers re-sign existing Choice hotels Country Inn & Suites up 50% this year Extended stay leads new construction: 50% of Choice's pipeline runs extended stay WoodSpring + Everhome make up 50% of extended stay hotels under construction Want the weekly roundup of news, videos, and what you might've missed? Text HOTEL to 66866 . #ChoiceHotels #HotelDevelopment #HotelConversions #ExtendedStay #Hospitality #NoVacancyNews
People in this episode
Host: Glenn Haussman
Guest: David Pepper
Topics covered
- hotel conversions
- real estate transactions
- extended stay
- hospitality industry
- Choice Hotels
- RevPAR
Keywords
- hotel conversions
- Choice Hotels
- extended stay
- RevPAR
- real estate transactions
- hospitality
Mentioned in this episode
Organizations: Choice Hotels, Country Inn & Suites, WoodSpring, Everhome
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