SHERIDAN, WYOMING – February 17, 2025 – SHERIDAN, WYOMING – Feb. 17, 2025 – The hospitality industry has historically focused on primary markets, but exciting opportunities lie in secondary and tertiary markets. These markets offer a balanced approach to risk and the chance to contribute to local economies while meeting evolving traveler preferences. This combination makes them valuable for the future of hospitality.

Why Focus on Secondary and Tertiary Markets?

Our philosophy at Edgewater Group centers on risk management. Secondary and tertiary markets offer a more predictable risk-return balance. Unlike primary markets with extreme value fluctuations, these smaller markets offer stability and steady, sustainable growth. This stability makes hotel investments less vulnerable to economic downturns.

SHERIDAN, WYOMING – February 17, 2025 – SHERIDAN, WYOMING – Feb. 17, 2025 – The hospitality industry's recovery has significantly altered financing needs. Hotels now require capital for technology upgrades, sustainability initiatives, and operational enhancements, in addition to traditional expansions. This necessitates a thorough understanding of both traditional and alternative financing sources. This article, by Sanat Patel, Chief Lending Officer, AVANA Companies, explores the comparative advantages of banks and private lenders in supporting these evolving needs.

Stability vs. Flexibility

Banks: Operating within a highly regulated environment, banks offer stability and predictability. Their adherence to federal oversight provides a secure framework for borrowers, making them attractive for those seeking reliable partnerships and predictable terms.

SHERIDAN, WYOMING – February 17, 2025 – SHERIDAN, WYOMING – Feb. 17, 2025 – Owner's representatives play a crucial role in transforming hotel developments from concept to reality, ensuring that every phase of the project aligns with the owner's vision, budget, and timeline. In today’s complicated hospitality construction landscape, project owners can become overwhelmed trying to make smart financial decisions while juggling a multitude of contractors and subcontractors who may have differing opinions. With construction costs rising higher than ever, more and more hotel owners are looking towards owner representatives to help navigate the complexities of construction projects.

What is an Owner’s Representative?

SHERIDAN, WYOMING – February 17, 2025 – SHERIDAN, WYOMING – Feb. 17, 2025 – According to the latest China Construction Pipeline Trend Report from Lodging Econometrics (LE), China’s total hotel construction pipeline remained stable at 3,779 projects/681,915 rooms at the close of fourth quarter of 2024, showing minimal change year-over-year (YOY).

Projects Under Construction and in Planning

Projects currently under construction stand at 2,753 projects/491,966 rooms, up four per cent by both projects and rooms YOY. Projects scheduled to start construction in the next 12 months stand at 357 projects/62,112 rooms at Q4, while projects in the early-planning stage dropped slightly to 669 projects/127,837 rooms.

Segment Preferences and Growth

Upper-Midscale and Upscale Segment Dominance

SHERIDAN, WYOMING – February 17, 2025 – SHERIDAN, WYOMING – Feb. 17, 2025 – The Chelsea Hotel, Toronto has appointed Shane Downey as its new managing director. Downey brings over 20 years of experience in the hospitality industry, having worked with major brands like Marriott and Hilton in Europe, the Middle East, the U.S., and Canada.

Downey's Extensive Hospitality Experience

Downey's career has been marked by success in various roles across diverse hotel categories, including five-star luxury, select-service, and extended-stay properties. He has a proven track record in leading hotel openings, rebrandings, and renovations, as well as managing multi-million dollar capital projects.

SHERIDAN, WYOMING – February 17, 2025 – SHERIDAN, WYOMING - Feb. 17, 2025 - Indigenous Tourism BC (ITBC) has launched a new Indigenous-Owned designation and a refresh of the existing Authentic Indigenous designation. Honouring quality and authenticity, both designations promote Indigenous tourism businesses across British Columbia, ensuring travellers can identify and engage with cultural experiences and businesses in a meaningful way.

The new Indigenous-Owned designation is granted to tourism businesses that are at least 51 per cent owned and operated by Indigenous individuals or organizations. More than 300 Indigenous-owned tourism businesses have received the designation.

SHERIDAN, WYOMING – February 17, 2025 – SHERIDAN, WYOMING – Feb. 17, 2025 – From Cleopatra's donkey milk baths to the Roman's wine-infused soaks, bathing rituals have a long and fascinating history. Today, the tradition continues with a modern twist: beer spas. Harnessing the therapeutic properties of hops, malt, and yeast, these unique spas offer a rejuvenating experience that blends ancient practices with contemporary wellness trends.

The Rise of Beer Spas

Across Europe and beyond, beer spas are gaining popularity, offering a unique way to relax and reap the potential health benefits of beer's key ingredients.

"There’s the science to support these claims, too," states a 2013 report by the Journal of the European Academy of Dermatology and Venereology. "Hops have various therapeutic properties, including antibacterial, anti-inflammatory and antioxidant effects."

SHERIDAN, WYOMING – February 17, 2025 – SHERIDAN, WYOMING – Feb. 17, 2025 – MIZU, a leading innovator in the yachting industry, made waves at Boot Düsseldorf 2025 with the world premiere of its groundbreaking new vessel, the Twiel. This innovative watercraft captivated the attention of the international press and solidified MIZU's commitment to pushing the boundaries of design and technology.

Twiel: A New Era in Yacht Design

The Twiel's unveiling was met with resounding enthusiasm, drawing comparisons to iconic vessels from pop culture, ranging from James Bond's sleek and sophisticated rides to the futuristic Batmobile. This positive reception underscores the Twiel's unique design and its potential to redefine the yachting experience.

"The international press was overwhelmed," said a representative from the MIZU team. "This was a great surprise for us and further confirms our commitment to continue with our concept."

SHERIDAN, WYOMING – February 17, 2025 – SHERIDAN, WYOMING – Feb. 17, 2025 – Yurbban Hospitality Group, a Barcelona-rooted global hotel operator, is celebrating a decade of its Yurbban Hotels brand with significant expansion and impressive financial results. The company has announced the addition of the Lennox Hotel Miami Beach to its growing portfolio, marking its sixth property in the vibrant South Florida city.

Strategic Acquisition in Miami Beach

SHERIDAN, WYOMING – February 17, 2025 – SHERIDAN, WYOMING – Feb. 17, 2025 – ARRIVE by Palisociety has officially opened its doors in downtown Albuquerque, New Mexico, marking a significant expansion of the brand's national footprint. Overlooking the iconic Robinson Park, ARRIVE Albuquerque breathes new life into a historic 1965 building, offering a unique blend of contemporary design and southwestern charm.

A Contemporary Take on Southwestern Charm

The six-story property boasts 137 guestrooms, a seasonal pool and swim club, and a signature restaurant and bar, DWTNR Cocktail Bar & Lounge, designed to be a vibrant hub for both hotel guests and local residents. The hotel's exterior features a striking oversized mural created by renowned local artist, Nani Chacon, immediately capturing the attention of passersby.

Design by Palisociety: A First for the Brand