Some of you may have noticed that, over the past few weeks, the transaction list has gotten very GREEN, a lot less pale blue and maybe just a little bit dark blue. That’s because we added two new transaction types to our research coverage: new developments and financings (debt comps).
As part of our re-focus on hotel only, we are looking to significantly expand our coverage of the sector as well as introduce new features. While previously we covered what sold (comps) and what’s on the market (for sale), we are now expanding to also cover what’s coming into a market (developments) and what has been (re)financed (debt comps). We think this should significantly increase OpenComps’ value to hospitality investment professionals who would like to dig in or stay on top of a specific market.
For developments, we are covering hotels that are in planning (proposed), permitted, in construction, and opened (or cancelled). Take a look at this recent Advanced Search for developments in New York, NY.
Or if you are looking to capture a broader area view of the area (say, include the Brooklyn developments too), you can use the Proximity feature of the Advanced Search and set yourself a radius search, like this.
Don’t forget our Insights section, which can provide you with interesting overviews related to developments, like which are the most popular brands, states or cities with most activity, or who is lending on construction. PRO users can use Advanced Filters for more precise analysis.
We are starting our research coverage from scratch. We are adding developments as we go. If you know of any that we may be missing, drop us a note or add us to your press releases distribution list. If you want to update us on any that we have in the database already, drop us a note via the built in “Tell us more” button on each transaction. Help us move development projects from planning, through in construction, through opening!
As always, please send us your thoughts and ideas. We would love to hear from you.