R. Mark Woodworth and Robert Mandelbaum
R. Mark Woodworth is Senior Managing Director of CBRE Econometric Advisors and Hotels Research. Robert Mandelbaum is the Director of Research Information Services for CBRE Hotels Research. To benchmark your property’s fees and commissions, please visit pip.cbrehotels.com, or call (855) 223-1200.
Are Third-Party Fees and Commissions Worth the Cost?
Effectively managing and marketing hotel properties sometimes requires an outside perspective. This is why owners will frequently pay third parties fees and commissions for a variety of services, including operating and marketing the hotel,...
Are Luxury Hotels Worth the Cost?
Despite the relatively high cost of construction and complexity of operations, developers are still attracted to owning and managing luxury hotels. As of August 2019, STR reports that just 0.7 percent of the hotels...