Inspired by this post about warehouses, I want to start a series of threads in the WSO Real Estate forum that help educate other users about roles and product types they may not be familiar with. Think of it as a reverse AMA - essentially, a tell me/us anything. If this sucks, we don't have to do it again, but I thought it might be enlightening.
To kick things off, I'm interested in knowing more about the hotel world, both from a development and operational perspective. Outside of knowing how to calculate RevPAR and the ADR from graduate school, I genuinely don't know much about the product type or have any real experience in it. I'd love to hear from any hotel professionals here - people who build hotels, buy or sell hotels, or work for a hotel brand like Marriott or Hilton or IHG - on trends in their industry, main drivers, things they struggle with, how effective the "boutique" movement is with new sub-brands seemingly popping up every day, how effective or cost effective modular or other innovative construction types are, etc.