Hotel syndication
average occupancy
RevPAR CAGR
ADR
Northwest Tamarac, FL
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Fairfield Inn & Suites Fort Lauderdale Northwest ideally located at the heart of the city of Tamarac, an affluent suburb of Fort Lauderdale. Adjacent to the Colony West Golf Club House and the Championship Course, which has ranked by Golf Digest among the top 50 golf courses in the United States.
The Brand-new Hotel Will Be In The Unique Position To Compete Against The Older Vintage Comp Set Within A Proven Lodging Submarket With Strong Demand Fundamentals, Achieving A 3.25% RevPAR CAGR And An Average 74% Occupancy. Adjacent To The City’s West Colony Golf Club And Club House With A Full-service Restaurant And 5 Meeting And Banquet Spaces.
Occupancy rate is measured by dividing the number of occupied rooms by the number of available rooms and multiplying by 100, showing the percentage of rooms occupied at a specific point in time
RevPAR shows the amount of revenue generated by one room, whether booked or not.
Average Daily Rate or ADR is one of the main hotel revenue management KPIs that shows the average rental revenue per occupied room at a given time.