LODGING LEADERS
172 | This Unique Moment for Hotel Investors with Morgan Sickles
LODGING LEADERS
Morgan Sickles is a senior vice president of Aries Conlon Capital’s originations and business development team. He specializes in arranging high-leverage, non-recourse, bridge and permanent loans with cash out for hotel and commercial real estate properties nationwide. Prior to joining Aries Conlon Capital, Morgan founded Atlantis Advisors, a nationwide hotel services provider.
About Aries Conlon Capital:
Aries Conlon Capital is a Chicago-based international full-service commercial mortgage and real estate investment banking firm. As a boutique firm, they offer best-in-class debt placement, equity arrangement, tax credit syndication, real estate brokerage and advisory through a high-touch, disciplined approach that leverages our extensive lending relationships and deep-rooted client and equity sponsors.
In This Episode, Morgan Reveals …
- His thoughts on the state of the current economic cycle, and his take on Jamie Dimon and Warren Buffett’s statement that “we’re in the 6th inning.”
- How hoteliers can take advantage of the 2018 Tax Reform, including completing a 2021 PIP by 2019, and replacing an HVAC system in 2018 to cash in on Section 179 expansion.
- Some advice for hotel investors now with respect to increased incentives for acquisitions and capex investments.
- What happens next to the hotel investment cycle, after this somewhat artificial stimulus tapers out.
Morgan created an amazing refi calculator which he agreed to share with my audience.
This easy-to-use Excel file enables hoteliers to quickly input the parameters of their current loan to see if a refi makes sense.
DISCLAIMER: Morgan Sickles and Aries Conlon Capital do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.
Resources & Links
Mentioned in this episode:
- Podcast Episode: 028 | 6-Figure Income Tax Savings through Cost Segregation with Todd Strumpfer
- Free Download: Morgan Sickles’ Refi Calculator
- Lodging Magazine article: How Hoteliers Can Take Advantage of 2018 Tax Reform
- Hotel News Now article: Exceeding Brand Standards Key to Select-Service Success
- Book: Setting the Table: The Transforming Power of Hospitality in Business by Danny Meyer
- Book: Be My Guest by Conrad Hilton
RCA Reports (courtesy of Monica Wolfson)
Monica Wolfson, FRICS
Business Development
Real Capital Analytics
Phone: 646-395-2020
mwolfson@rcanalytics.com
www.rcanalytics.com
Morgan Sickles
- Email: msickles
@conloncapital.com
Aries Conlon Capital
LODGING LEADERS
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288 | ‘The Big Pause’: Hotels retooling employment policies as business slowly returns
Two viruses emerged in the U.S. this year – COVID-19 and society’s backlash against racism. The coronavirus pandemic forced hotels to close or drastically cut back on their workforces as occupancy plummeted to unprecedented lows. And America’s streets resounded with the voices of citizens protesting racism as businesses began to respond by promising new and better commitments toward diversity, inclusion and equality in hiring and promotion. In Episode 288 of Lodging Leaders podcast, we explore the issues hotels are facing in bringing back laid-off workers and recruiting new employees in the midst of a health pandemic that seems to have no end and society’s desperate call for Corporate America to get serious about ending systemic racism.
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287 | The Long Haul: Extended-stay hotels show their strength in a crisis
Extended-stay hotels are weathering the coronavirus crisis better than their transient cousins, according to reports. The Highland Group’s half-year report shows economy and mid-priced extended-stay hotels are faring better than upscale extended-stay accommodations. Second-quarter earnings reports from companies such as Extended Stay America prove the resiliency of the sector, especially when sales teams shift their focus to new prospects such as college students, leisure travelers who value the kitchen and essential workers in it for the long haul. Long Live Lodging examines what gives extended-stay its muscle in a weak economy. This report is part of our ongoing coverage of the coronavirus crisis and its impact on the hotel industry.