How Hospitality Will Reinvent Itself Post-COVID

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The Crexi Podcast’s latest episode features Laura Dietzel, Partner at RSM US LLP, discussing hospitality’s long and transformative road to recovery. 

The Crexi Podcast explores various aspects of the commercial real estate industry in conversation with some of the top CRE professionals in the industry. In each episode, we feature different guests to tap into their wealth of CRE expertise and explore the latest trends and updates from the world of commercial real estate. 

In this episode, Crexi’s Ryan Schlesinger sits with Laura to discuss the impact of COVID-19 on hospitality, how the industry has adapted to stay afloat amid closures and stalled travel, and what bright signs point to future recovery. Their wide-ranging conversation covers:

  • We live in a society of wanderlust, and while older generations traveled for leisure, younger ones are also doing so for work requirements and more reasons. Airbnb’s success amid the pandemic supports the resilience of the travel industry.
  • Hotels are doing anything and everything they can to ensure that they’re driving occupancy opportunities, whether it’s partnering with universities in the area to provide student housing or partnering with hospitals to spread out the patients recovering from coronavirus.
  • In terms of hotel valuations, ultimately, the bid-ask gap isn’t as wide as it was in the early days of the pandemic. Now, hotel buyers have more information regarding vaccine rollout and how to adapt operations. Public transactions are less common, but the market is still seeing private or lender-facilitated deals for off-market hospitality properties. 
  • Interestingly, bigger assets are trading at a higher volume than smaller boutique hospitality assets.

Listen to the episode here:

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About Laura Dietzel:

Laura Dietzel specializes in providing real estate audit and consulting matters for privately held companies and private equity funds specializing in real estate. Since joining RSM, she has worked with commercial, residential, retail, hotels and real estate opportunity funds, as well as performed due diligence services for real estate funds and various lenders in the real estate conduit markets.

Laura has over fifteen years of experience in real estate and public accounting, and has developed and presented multiple continuing education courses in the real estate industry. In 2018, she was selected as a senior analyst in RSM’s cutting edge Industry Eminence Program, which positions its senior analysts to understand, forecast and communicate economic, business and technology trends shaping the industries RSM serves. Laura’s analysis and research on the real estate markets have been routinely published and shared in the media.

About Crexi:

Crexi is a commercial real estate (CRE) property marketing and deal management platform that combines an active marketplace for sale and for lease properties with powerful property marketing, deal management, and market intelligence tools designed to help brokers, buyers, and tenants eliminate time-consuming processes and close deals faster.

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