Case Study: Hilton Brooklyn New York achieves #1 RevPAR ranking with hotelAVE

Hilton Brooklyn New York reaches #1 RevPAR in 15 months with hotelAVE

The Hilton Brooklyn New York hotel faced the challenge of needing to quickly achieve its targeted revenue per available room (RevPAR) ranking, optimize its food and beverage operations, and meet net operating income targets shortly after opening. Ownership also aimed to refinance the property's debt within three years. To address these challenges, they engaged the services of hospitality asset management firm hotelAVE.

hotelAVE implemented a strategic roadmap focused on achieving a top RevPAR ranking by analyzing the optimal business mix and sales channels. They also evaluated and reconfigured the food and beverage operating model, ultimately transitioning it to a hotel-operated concept. As a result, the hotel achieved the #1 RevPAR ranking within its competitive set in just 15 months, exceeded underwriting projections, and generated enough cash flow to avoid using loan reserves. These strong results allowed ownership to refinance the debt 14 months ahead of schedule.

Hilton Brooklyn New York