Source Strategies recently completed a new financial feasibility study, at the request of the City of Lago Vista, identifying a very promising location for a new hotel. Logo Vista’s director of economic development reached out to Source Strategies to analyze the feasibility of a hotel project in the area and the results look promising. The need […]
City of Lago Vista Seeks Hotel Investment Read More »
Dallas-Fort Worth hotel occupancy in the third quarter of this year fell almost 27 points to 38.2 percent compared to the same period a year ago — the lowest occupancy in the state’s major metros. Daily rates fell 19.7 percent to $87.13 for the quarter. Revenue per available room in DFW dropped by more than
The average value decline for hotels has been about 20%, according to CBRE. The steepest declines have been in high-end properties. That matches up with data from San Antonio-based Source Strategies Inc., which reported Dec. 3 that revenue at Texas hotels in the third quarter was down more than 40% from a year prior. In
