Westin Hotel San Francisco

The US Lodging Industry: Mid-Year 2011

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NEW YORK CITY-With the global economic recovery slipping into lower gear, the US is experiencing a lethargic and delicate fiscal improvement of its own. Myriad international and domestic issues continue to exert negative pressures on the American financial system. Some of the most significant issues currently facing the world markets include: the economic solvency issues of Greece; ongoing tensions throughout the Middle East; and the looming August 2 deadline for Congress to raise this nation’s statutory debt ceiling. The last is to avoid what many fear would be a catastrophic crisis of confidence  if the US were to default, even technically on its debts. The national jobless rate continues to be persistently high and US home prices have yet to form a bottom. That’s the bad news; the good news is that according to a recent CNN Money survey, corporate America's balance sheets will continue to improve, and earnings for S&P 500 companies are on track to rise 13% this year.

Even with a sluggish economy, US hotel occupancy, average rate, and resultant RevPAR is anticipated to remain positive. With the development of new supply of US hotel rooms relatively muted for the foreseeable future, lodging fundamentals are rebounding as corporate and group meeting business continue to increase from cyclical lows. The perceived long-term upside in the lodging sector has resulted in heighted transaction activity and pricing of all types of hotel assets. 

LW Hospitality Advisors (LWHA) continuously monitors the major US hotel sales transaction market. TheLWHA YTD Q2 Mid Year 2011 Major US Hotel Sales Survey includes 65 single-asset sale transactions over $10 million, each that are not part of a portfolio allocation. These transactions totaled more than $6 billion, and include over 22,000 hotel rooms with an average sale price per room of approximately $274,000. By comparison, the YTD Q2 Mid Year 2010 survey identified 42 transactions totaling a mere $1.8 billion including 11,700 hotel rooms with an average sale price per room of $158,000. Trade activity of US lodging assets continues to outperform on a quarter over quarter and year over year basis.

Westin St. Francis, San Francisco, Lisa & Kheng » San Francisco ...

Hi. I’m Kirsten.

For as long as I can remember, I've been interested in photography. When I was young, I used to drive my mom crazy because I kept borrowing her 35mm Nikon until I finally got a camera of my own. I ended up spending many hours in my high school's tiny, makeshift darkroom.

Those moments led me to enroll at the New England School of Photography where I graduated with a degree and an incredible love for telling stories through photographs.

Every wedding is a unique story that needs to be told, from the littlest details to the biggest dreams that are coming true. My photographs capture each occasion with brilliance, enchantment and romance, so that they are timeless works of art.

I look forward to working with you and showing you how I will help you make your wedding memories ones you will cherish forever.

xo

kirsten

Kheng & Lisa got married last year, but decided that they needed to put on a cute fun reception for all their close friends and families! They had the reception on the top floor (The Imperial Room) of the St. Francis Hotel downtown San Francisco. The view was mind blowing. You could see all of Union Square, Coit Tower, Nob Hill, and the Marina. The location was a perfect setting for a beautiful wedding reception.

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