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Institutional capital buying into ultraluxury

Family offices and high net worth individuals have dominated investment in small, ultraluxury hotels for years. But Ad Altius CEO Thomas Brown says that is starting to change with institutional capital recognizing the value of scarcity and since…
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What hotel investors think about capex in 2025

Typically, major hotel owners had set aside four per cent of gross annual revenue for capital improvements (capex) and four to five per cent in reserves for repair, maintenance, and replacement of furniture, fixtures, and Equipment (FF&E), depending…
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Left Lane knows the office-to-hotel formula

Developers often suggest converting an office to a hotel is fraught with peril and the general consensus has been opportunities are limited. They must not know developer Jon Kully, managing partner of Left Lane Capital in Brooklyn, New York, who is…
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