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This Week's Most Popular

Savvy Hotel Asset Managers Share Their Secrets at MLIS

Published Monday, July 19, 2010

When Paramount Lodging Advisors reviewed the financial performance of 140 Chicago-area hotels in the first quarter, the real estate services firm discovered a surprising trend. At more than half the hotels it reviewed, owners hadn’t contested their property taxes over the past three years despite a sharp drop in appraised values industry wide. Such passiveness among owners amid a deep hotel slump came as a shock to Sanjeev Misra, senior managing director of Chicago-based Paramount Lodging Advisors. “Simple things have to be done,” Misra said emphatically at last week’s panel discussion on the art of ...

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