Category: Martens Companies

January temperatures chilled parts of the United States to record lows as hotel performance in some markets froze while others cranked up the heat. On 3 January, a few sections of the Polar Vortex split away from their usual area over the North Pole, and moved down to the United States’ Great Lakes area. With these splits came temperature drops and wind chills below minus 40 degrees Fahrenheit, the coldest since the early 1990s, according to the National Weather Service. The effects of this Polar Vortex split will be felt…

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Martens Appraisal provides expert commercial appraisal services for apartment (multi-family) properties throughout Wichita and Kansas including Sedgwick, Butler, Reno, Harvey, Sumner and Kingman Counties. Martens Appraisal provides apartment (multi-family) appraisals. We have experience in a variety of apartment (multi-family) types including duplex portfolios, FHA properties, large apartment complexes, age-restricted, LIHTC properties and assisted living properties. Whether you are a tenant in need of understanding the market lease rate for space, an investor considering purchasing, or a bank in need of an appraisal to accompany a loan, Martens Appraisal can help.…

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During the week of 10-16 February, U.S. hotel occupancy rose 0.7% to 63.5%, ADR increased 2.7% to $131.99 and RevPAR rose 3.4% to $83.88. The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 10-16 February 2019, according to data from STR. In comparison with the week of 11-17 February 2018, the industry recorded the following: • Occupancy: +0.7% to 63.5%• Average daily rate (ADR): +2.7% to US$131.99• Revenue per available room (RevPAR): +3.4% to US$83.88 Among the Top 25 Markets, San Francisco/San…

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Martens Appraisal professionals have served as expert witnesses and have provided valuation and advisory services in connection with bankruptcies, eminent domain, utility and pipeline easements, adverse possession, condemnation, condemnation appeal, inverse condemnation, divorce settlements, breaches of contract, tax appeal, and tenant-landlord disputes among others. Our experts have testified in local, state and federal courts. Marten’s Appraisal litigation support professionals are dedicated to assisting clients with the planning, preparation and presentation expertise that is unique to real estate-based legal challenges. OUR CAPABILITIES Martens Appraisal has the resources to help solve any…

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A look at U.S. hotel performance data for the past three holiday weekends shows gains for Friday to Sunday, but losses on the actual Presidents Day holiday on Monday. Comparison of STR hotel performance data for past Presidents Day weekends shows an increase in both average daily rate and demand, resulting in a significant boost to revenue per available room, particularly on the Saturday. For this data snapshot, STR studied U.S. hotel performance data over the past three Presidents Day weekends (2016-2018). STR is the parent company of Hotel News Now. Hotels…

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U.S. hotel occupancy rose just 0.2% to 59.9% during the week of 3-9 February, while ADR increased 1.5% to $126.68 and RevPAR rose 1.7% to $75.84. The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 3-9 February 2019, according to data from STR. In comparison with the week of 4-10 February 2018, the industry recorded the following: Occupancy: +0.2% to 59.9% Average daily rate (ADR): +1.5% to US$126.68 Revenue per available room (RevPAR): +1.7% to US$75.84 Among the Top 25 Markets, Super…

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Martens Appraisal provides expert office property commercial appraisal services throughout Wichita and Kansas including Sedgwick, Butler, Reno, Harvey, Sumner and Kingman Counties. Martens Appraisal provides expert office property appraisals. We have experience in a variety of office configurations. Our expertise ranges from small office condominiums and coworking spaces to larger office parks, we have also done extensive work on medical office properties. Additionally, we have appraised office configurations within a variety of markets, both from a locational standpoint, as well as a market-cycle standpoint. Whether you are a tenant in…

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The U.S. hotel industry reported positive results in the three key performance metrics during December 2018, according to data from STR. In a year-over-year comparison with December 2017, the industry posted the following: • Occupancy: +0.1% to 54.1%• Average daily rate (ADR): +1.8% to US$124.28• Revenue per available room (RevPAR): +1.9% to US$67.20 “The industry continued its record-breaking demand run and sold more rooms than any other December on record, but the growth in number of rooms available is now basically in equilibrium with demand growth,” said Jan Freitag, STR’s…

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Martens Appraisal provides expert industrial property commercial appraisal services throughout Wichita and Kansas including Sedgwick, Butler, Reno, Harvey, Sumner and Kingman Counties. Experienced Appraisers Our industrial appraisal team is lead by Carter Girrens, MAI. Carter’s primary area of practice focuses on all types of industrial facilities including manufacturing, distribution and storage warehouse. An area of particular attention is on large industrial facilities in Kansas located outside the major metro areas. We appraise industrial properties, such as: Single-tenant Multi-tenant Owner occupied Net leased R&D Manufacturing Flex Showroom Condo Industrial park/campus Automotive Warehouse…

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Commercial Real Estate (CRE) is defined as any property owned to produce income. This could include just about anything, including: the neighborhood coffee place you stopped at this morning an apartment complex a multistory office building a manufactured housing community a hotel on the interstate From an investment point of view, commercial real estate encompasses any kind of property, including land, which brings or has the potential to bring income. From a business point of view, commercial real estate is any offering of office, retail, industrial, medical, hospitality, and other…

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