Flagship research series

Hospitality Capital Signals

A structured, edition-based research body on hotel investment cycles, capital stack shifts, operator economics, and transaction behavior across key markets.

Current cadence Quarterly editions

  1. Edition 01 · 2024

    Cycle reset

    Debt Repricing and Deal Velocity in Gateway Hotel Markets

    How lending spreads, sponsor equity requirements, and refinancing pressure are reshaping underwriting expectations and transaction timing.

  2. Edition 02 · 2025

    Operator strategy

    Brand, Lease, or Management Contract: Value Trade-Offs by Asset Type

    A comparative framework for selecting operating structures based on NOI resilience, control rights, and exit optionality.

  3. Edition 03 · 2025

    Joint ventures

    JV Structuring for Hotel Platforms: Alignment, Waterfalls, and Governance

    Decision points for capital partners and operators seeking scalable partnerships without compromising strategic flexibility.

  4. Edition 04 · 2026

    Land & platform deals

    Land-to-Launch Economics for Urban Hospitality Development

    An integrated view of site economics, development risk, and capital strategy from acquisition through operating stabilization.

Publications Archive

Published Articles & Industry Research

Selected work across hospitality capital markets, transaction strategy, and hotel real estate commentary.
Archive updated periodically
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