Inox Properties Trust @InoxTrust

Hospitality Focused Investment Firm Focused On Delivering Strong-Risk Adjusted Returns. Email us at [email protected] to learn more. InoxTrust.com Joined September 2023

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Inox Properties Trust @InoxTrust

a year ago

Seeing more and more rooftop bars. Its becoming a trend because for many its an experience, but for a hotel, its economical use of square footage.

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Inox Properties Trust @InoxTrust

2 years ago

Fun money saver tip: When booking hotels, try and avoid booking through third parties like Booking and Expedia. Instead if you book direct, you'll get a loyalty discount and also get points for future stays.

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Inox Properties Trust @InoxTrust

2 years ago

Consumer spending is falling, but that doesn't mean all hotels will underperform. Most spending cuts will happen at full service/luxury properties, while those still looking to travel will stay at limited service hotels on a budget.

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Inox Properties Trust @InoxTrust

2 years ago

The Winter Edition of MMGY’s Portrait of American Travelers study found nearly eight out of 10 U.S. adults plan to take a vacation within the next 12 months, a 7% increase compared to the winter of 2023. They also plan to spend more of their disposable income on travel. The survey found the average vacation budget grew to $5,051, with a travel frequency of 4.1 trips per person.

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Inox Properties Trust @InoxTrust

2 years ago

Conversion brands are taking over. Hilton is expecting Spark to be their fastest growing brand. IHG expecting Garner to follow...And now Marriott releasing City Express to the US. Industry is evolving.

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Inox Properties Trust @InoxTrust

3 years ago

Full Service Hotel: No free breakfast, higher rate, wifi costs money Limited Service Hotel: Free hot breakfast, lower rate, free wifi

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Inox Properties Trust @InoxTrust

3 years ago

Fun fact: Snow removal for commercial properties can get expensive. Hotels in the North can spend upwards of $20k a year if it's a big Snow year. Full service hotels can spend even way more than that.

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Inox Properties Trust @InoxTrust

3 years ago

@MultiFamWins No you certainly can. Just saying there's room for both.

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Inox Properties Trust @InoxTrust

3 years ago

Airbnb was never a threat to hotels. Airbnbs offer an unique experience whereas hotels offer consistency and ease. They are not competitors but rather different businesses. During Airbnbs rise, hotel RevPar broke record highs.

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Inox Properties Trust @InoxTrust

3 years ago

A full service hotel can have up to four times as many employees when compared to a limited service hotel. Thin margins and so much complexity makes it a difficult investment.

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Inox Properties Trust @InoxTrust

3 years ago

@roymdonnelly @MattRossmanBIP Interesting. It's actually a sign of poor management by hitting 90%+ in hotel occupancy. It means rates are too low relative to demand. On our portfolio we'd like to hit around 65%-70%. Anything more than that our fixed costs increase higher at each room sold.

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Inox Properties Trust @InoxTrust

3 years ago

This is why limited service and select services hotels are preferred by many travelers.

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Inox Properties Trust @InoxTrust

3 years ago

Hotel guests were polled what they wanted most out of their experience. Their reply: A clean and comfortable room So many people think its about a food, having a rooftop bar, or saunas, or game rooms. Nope. Most guests just want a nice clean room.

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Inox Properties Trust @InoxTrust

3 years ago

Its common misconception that hotels are high risk investments. The downtown Marriott with 500 rooms in San Francisco with 4 bars and 3 restaurants. Sure. But the 80 room Holiday Inn Express in Austin will do just fine.

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Inox Properties Trust @InoxTrust

3 years ago

Our focus is on limited service hotels. Whats that? Simple. Its hotels where we solely focus on renting rooms. Nothing else. No restaurants. No spas. Nothing crazy. Its strong margins and fairly recession resistant.

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Inox Properties Trust @InoxTrust

3 years ago

Investors are buying properties with negative leverage. Example: Strip center - 6.5% cap rate purchase Debt - 7.5% interest rate That means some investors are willing to lose money on the hopes that future rate cuts will happen. Not very logical. Stick to strong underwriting.

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Inox Properties Trust @InoxTrust

3 years ago

Insane. Marriott bought Starwood and has a 192 million loyalty members. Hilton has a 173 million loyalty members. Hilton is expected to surpass Marriott this year and be the largest hotel loyalty program. Quite impressive.

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Inox Properties Trust @InoxTrust

3 years ago

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Inox Properties Trust @InoxTrust

3 years ago

Hotels are a great investment in an inflationary environment. The reason is that our rates can change daily and due to this ADR increases have far exceeded inflation.