Key MarginBoutique hotels. Real returns.
Independent boutique hotel investment researchUnited States

Expert Q&A

Sources

Key Margin research deskSection 06Page 27 of 27

Sources are listed once per URL, with tracking parameters removed. Publication and observation dates appear beside the relevant claims. Access status records the October 20, 2026 check and does not imply independent verification of provider outcomes.

  1. HVS | Publications & Events — Page/PDF retrieved.
  2. A Deep Dive into Changes — Direct access restricted or failed; retained background.
  3. Real Estate and Hospitality Spring 2026 Market Update — Page/PDF retrieved.
  4. Daniel H. Lesser - LW Hospitality Advisors — Page/PDF retrieved.
  5. Michelle Russo, CHAM, CHA, MAI | hotelAVE — Page/PDF retrieved.
  6. Who We Are - CHMWarnick — Page/PDF retrieved.
  7. Kalibri Launches Hummingbird Portfolio for Hotel Software — Page/PDF retrieved.
  8. Executive Team & Hotel Leadership | Lark Hospitality — Page/PDF retrieved.
  9. HVS | Luigi Major, MAI — Page/PDF retrieved.
  10. Greg Duff - Foster Garvey — Page/PDF retrieved.
  11. Competitive Set Guidelines | STR Benchmark | CoStar — Direct access restricted or failed; retained background.
  12. Hotels | CBRE — Page/PDF retrieved.
  13. New PublicationNOW AVAILABLEThe USALI 12th Revised Edition, — Direct access restricted or failed; retained background.
  14. Hotel Commercial Mix: Why Channel Costs Matter | Kalibri — Page/PDF retrieved.
  15. Area General Manager at La Playa Hotel | Hcareers — Page/PDF retrieved.
  16. Trends in Fixed vs. Variable Cost Analysis | CBRE — Page/PDF retrieved.
  17. The Fine Print in Every Hotel Management Contract | Hotel Online — Page/PDF retrieved.
  18. Marriott — Autograph Collection Franchise Disclosure Document, March 31, 2026 — Page/PDF retrieved.
  19. HVS | HVS U.S. Hotel Development Cost Survey 2026 — Page/PDF retrieved.
  20. Americans with Disabilities Act Title III Regulations | ADA.gov — Page/PDF retrieved.
  21. OCC — Commercial Real Estate Lending, Comptroller’s Handbook — Page/PDF retrieved.
  22. Frequently Asked Questions   Change in Ownership — Page/PDF retrieved.
  23. Legal Entity Ownership Program (LEOP) – Result of Change in Control, and/or Change in Ownership - Board of Equalization — Page/PDF retrieved.
  24. FTC Rule on Unfair or Deceptive Fees to Take Effect on May 12, 2025 | Federal Trade Commission — Page/PDF retrieved.
  25. Navigating Risk in 2026: Greg Duff on Contracts, Compliance, and AI | HSMAI Americas — Page/PDF retrieved.
  26. Michelle Russo, Founder & CEO, hotelAVE, interviewed by Lan Elliott — Page/PDF retrieved.
  27. USALI12th Revised EditionA Deep Dive into Changes — Direct access restricted or failed; retained background.
  28. The Rule on Unfair or Deceptive Fees: Frequently Asked Questions | Federal Trade Commission — Page/PDF retrieved.
  29. HVS — Luigi Major professional biography — Page/PDF retrieved.
  30. No Vacancy — Hotel Profitability in 2026: Work Every Line Item — Page/PDF retrieved.

Sources cited on this page

  1. HVS | Publications & Eventshvs.com
  2. A Deep Dive into Changeshftp.org
  3. Real Estate and Hospitality Spring 2026 Market Updateajg.com
  4. Daniel H. Lesser - LW Hospitality Advisorslwhospitalityadvisors.com
  5. Michelle Russo, CHAM, CHA, MAI | hotelAVEhotelave.com
  6. Who We Are - CHMWarnickchmwarnick.com
  7. Kalibri Launches Hummingbird Portfolio for Hotel Softwarekalibrilabs.com
  8. Executive Team & Hotel Leadership | Lark Hospitalitylarkhospitality.com
  9. HVS | Luigi Major, MAIpublications.hvs.com
  10. Greg Duff - Foster Garveyfoster.com
  11. Competitive Set Guidelines | STR Benchmark | CoStarcostar.com
  12. Hotels | CBREcbre.com
  13. New PublicationNOW AVAILABLEThe USALI 12th Revised Edition,hftp.org
  14. Hotel Commercial Mix: Why Channel Costs Matter | Kalibrikalibrilabs.com
  15. Area General Manager at La Playa Hotel | Hcareershcareers.com
  16. Trends in Fixed vs. Variable Cost Analysis | CBREcbre.com
  17. The Fine Print in Every Hotel Management Contract | Hotel Onlinehotel-online.com
  18. Marriott — Autograph Collection Franchise Disclosure Document, March 31, 2026hotel-development.marriott.com
  19. HVS | HVS U.S. Hotel Development Cost Survey 2026hvs.com
  20. Americans with Disabilities Act Title III Regulations | ADA.govada.gov
  21. OCC — Commercial Real Estate Lending, Comptroller’s Handbookocc.gov
  22. Frequently Asked Questions   Change in Ownershipboe.ca.gov
  23. Legal Entity Ownership Program (LEOP) – Result of Change in Control, and/or Change in Ownership - Board of Equalizationboe.ca.gov
  24. FTC Rule on Unfair or Deceptive Fees to Take Effect on May 12, 2025 | Federal Trade Commissionftc.gov
  25. Navigating Risk in 2026: Greg Duff on Contracts, Compliance, and AI | HSMAI Americasamericas.hsmai.org
  26. Michelle Russo, Founder & CEO, hotelAVE, interviewed by Lan Elliottitspersonalstories.buzzsprout.com
  27. USALI12th Revised EditionA Deep Dive into Changeshftp.org
  28. The Rule on Unfair or Deceptive Fees: Frequently Asked Questions | Federal Trade Commissionftc.gov
  29. HVS — Luigi Major professional biographypublications.hvs.com
  30. No Vacancy — Hotel Profitability in 2026: Work Every Line Itemnovacancynews.com