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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302 | Value Judgment: Hotel asset pricing in COVID-19 age is different from previous recessions
Hotel appraisers and brokers expect distressed assets to come to market as the pandemic recession continues into 2021. Analysts say billions of dollars in private equity are waiting in the wings to acquire hotels underperforming as a result of the coronavirus crisis. But pricing will be different than in previous economic downturns. While a transaction may be distressed, it will not necessarily reflect distress pricing,” said Daniel Lesser of LW Hospitality Advisors. Long Live Lodging explores the state of hotel values as well as what may lie ahead with regard to transactions in 2021 as the spread of COVID-19 continues to stifle lodging performance. This report is part of our ongoing coverage of the coronavirus crisis and its impact on the hospitality industry.
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301 | The Road Warrior Ahead: Business travel will come back ‘with a vengeance,’ say experts
Global business travel is a $1.4 trillion industry. The Global Business Travel Association calculates the coronavirus pandemic in 2020 resulted in a loss of $113 billion in business travel spend in hotels, airlines and other sectors of the travel industry. But all is not lost. GBTA, industry analysts and travel management companies see some green shoots of hope for 2021 as the COVID-19 vaccine rolls out and corporations put some of their people on the road again. This report is part of Long Live Lodging’s ongoing coverage of the coronavirus crisis and its impact on the hospitality industry.