Hotel Owners Facing Tough Choice: PIP, Sell, or Switch Management

Hotel owners staring down PIPs have three choices: spend the money, sell the asset, or rethink management. During NYU IHIF, I spoke with Ben Perelmuter, CEO of Remington Hospitality, and Scott Geres, General Manager of Hotel Edison, from inside the Hotel Edison in Times Square. Ben says hotel deal activity has finally picked up after several slower conference cycles. Owners face brand pressure, capital decisions, and asset sales, and Remington Hospitality has already added 17 new third-party deals in the first four months of the year. 🏨 PIPs and capital pressure now push owners toward harder decisions 📈 Remington has added 17 new third-party deals this year 🔁 Asset sales can create new management opportunities 🌎 Remington continues expanding in the Caribbean and Latin America, including Grand Cayman, Peru, Belize, the Dominican Republic, Panama, and Mexico 🗽 Scott shares what Hotel Edison sees from the middle of Times Square, including a strong first quarter, softer international demand, and future demand around the World Cup and America's 250th anniversary We also got The Godfather hallway, Luca Brasi, and a reminder that some hotel interviews come with better scenery than others. Want the weekly roundup of news, videos, and what you might've missed from #NoVacancyNews? Text HOTEL to 66866.