Category Archives: Hotel Real Estate

Commercial Real Estate with Terry Baltes

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The commercial real estate is experiencing a rapid growth lately. For instance, the hotel industry is seeing more and more perks turn into necessary amenities. Perks such as Wi-Fi, premium bed linens, and complimentary breakfast are increasingly turning to amenities in many hotels. This growth is according to a report by the J.D. Power 2016 North America Hotel Guest Satisfaction Index Study. In its 20th year, the study uses eight hotel segments to measure guest satisfaction. These segments include extended stay, upper extended stay, economy/budget, midscale, upper scale, upscale, upper upscale, and luxury.

In each section, seven key measures are probed to determine the overall satisfaction. Such measures include cost & fees, hotel facilities, hotel services, guest room, food & beverage, check-in/check-out, and reservation. The study uses a 1,000-point scale to calculate satisfaction. The overall satisfaction has improved for four years in a row. Clients are responding positively to the enhanced offerings that some hotel brands are providing. Noticeably, satisfaction is higher in members of hotel rewards program than in non-members. There is a high likelihood for younger guest to become members than older guests.

With the increasing growth in commercial real estate, the need for adept commercial real estate agents is inevitable. One of the preeminent commercial real estate agents is Terry Baltes. He is located in Dayton, Ohio. He is a real estate expert with a vast experience in the industry. Terry Baltes in the current owner of Baltes Commercial Realty, Ltd, which he founded in 1977. The firm specializes in a broad spectrum of commercial real estate property sales. Terry Baltes has had significant success with sales of self-storage facilities. His company holds a long record of the sale of such properties.

Terry Baltes founded the Baltes Commercial Realty, Ltd five years after successfully completing college. He graduated in 1972 from The Ohio State University. He graduated magna cum laude with a triple Bachelor of Science degree in Finance, Marketing, and Real Estate. His realty company serves the greater Dayton region as well as other areas of Ohio. Outside of Ohio, Baltes’ company makes property sales in other Midwestern States like Kansas and Indiana. Recently, the company has been broadening its services and is making sales in Louisiana and West Virginia. Find Terry on Linkedin for more information about his background and experience.

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