News

Read recent news from New England Hotel Realty for an inside look at lodging real estate trends and regional and individual market insights.

October 5, 2018

Lodging Econometrics’ Patrick H. Ford Receives Lifetime Achievement Award at The Lodging Conference

October 2, 2018 – PORTSMOUTH, NH – Patrick H. Ford, Chairman, CEO, and Founder of Lodging Econometrics (LE) and New England Hotel Realty (NEHR) of Portsmouth, NH, has received the 2018 Lifetime Achievement Award for the hospitality industry, which was presented at The Arizona Biltmore on September 25, 2018. The Lodging Conference’s founder and producer, Harry Javer and hospitality veteran Michael A. Leven, chairman and CEO of Georgia Aquarium, presented the award to Ford.  Nearly two thousand industry members were in attendance at this year’s conference.

The prestigious Lifetime Achievement Award recognizes an individual who has provided outstanding, life-long contributions to the hospitality industry.  In a career spanning more than 50 years, Pat Ford began his career with the Dunfey Hotel Company, the predecessor to the Omni Hotel Company, where he spent 20 years in a variety of operational and executive roles.He then created and developed New England Hotel Realty as the largest, full-service hotel brokerage firm in the Northeast. In 1995, at the urging of a number of hotel companies and Wall Street Investment Firms, he founded Lodging Econometrics (LE) to compile lodging development and transaction data for the U.S.

Within two years, LE replicated their development research programs in every country of the world. Shortly thereafter, LE positioned away from solely being a data provider towards being a lodging sales and marketing specialty firm as well as providing a variety of customized new hotel construction and supply side databases, and trend line and forecast reports that assist franchise development teams, investor groups and vendors to grow their business within the lodging industry. In 2017, Lodging Econometrics was honored by the Peter Paul School of Business at the University of New Hampshire as the most outstanding family business in New Hampshire.

In Ford’s acceptance speech he said, “My career has been chuck-a-block full of opportunities and blessings. Like any lifelong journey it’s required hard work and an ongoing dedication to personal growth. But those are the requirements of any successful journey. I’ve lived a charmed life! It’s been a great ride! The industry is in my blood and it will continue to stimulate my interest until the end.”

For More Information Contact:
Rebecca Evans at Lodging Econometrics: revans@lodgingeconometrics.com +1 603.427.9547

August 2, 2018

Timothy Ford Appointed President of New England Hotel Realty

Patrick Ford, Chairman of Lodging Econometrics (LE), the global leader for hotel real estate intelligence, and New England Hotel Realty (NEHR), the leading full-service hotel real estate advisory brokerage firm in the Northeast, announced today that Timothy Ford has been appointed President of both companies.

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July 11, 2018

NEHR’s Patrick H. Ford to receive Lifetime Achievement Award at 24th Annual “The Lodging Conference”

Harry Javer, Producer and Founder of The Lodging Conference, one of the industry’s leading events for Hotel Owners, CEO’s and Deal Makers, announced today that Patrick H. Ford, Chairman, CEO, and Founder of Lodging Econometrics (LE) and New England Hotel Realty (NEHR), has been selected as the recipient of the 2018 Lifetime Achievement Award.  The award will be presented at The Lodging Conference on September 25, 2018.

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June 13, 2018

Strong Interest In New England Hotel Assets Drives ASPR Above National Average

New England Hotel Realty (NEHR), powered by the global market intelligence of Lodging Econometrics (LE), recently reported that the United States Hotel Construction Pipeline totaled 5,255 Projects/636,274 Rooms, rising 4% Year-Over-Year (YOY).

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October 25, 2017

NEHR Announces Recent Sale of the Fairbanks Inn, St. Johnsbury, VT

PORTSMOUTH, NH – New England Hotel Realty (NEHR), the leading hotel real estate advisory and brokerage firm in the Northeast, is pleased to announce the recent sale of the Fairbanks Inn in St. Johnsbury, VT.

Buyer and seller are both experienced hotel owners, owning several hotels throughout New England. The Fairbanks Inn sold in September for an undisclosed amount. Shane Vahey, NEHR’s Director of Real Estate Business Development, represented the seller in the transaction.

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