R. Mark Woodworth and Robert Mandelbaum
R. Mark Woodworth is Senior Managing Director of CBRE Hotels Research. Robert Mandelbaum is the Director of Research Information Services. To learn more about CBRE’s forecast and benchmarking tools, please visit pip.cbrehotels.com, or call (855) 223-1200.
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...