Over the past decade, Europe’s hostel market has shifted from budget-oriented, owner-operated assets to a more corporate model that promotes hostels’ social attributes. Can the success of the European model be replicated in certain U.S. markets?
Asheville’s hotel industry thrives on tourism, though other demand segments have been making headway. A rise in occupancy and average rate over the past several years is expected to continue, driving hotel development in the city’s downtown.
Hotel values in St. Louis are rising, and RevPAR reached a new high in 2015. A rise in convention bookings, along with expansion efforts aimed at drawing more leisure demand, provide for an optimistic outlook for the city’s hotel industry.
The North American hotel industry is still firing on all cylinders, with year-to-date occupancies at an all-time high. While some markets face challenges from new supply, prospects appear healthy in the near term.
HVS Miami spotlights hotel development activity in Downtown Orlando, reviews historical hotel operating performance and hotel transaction activity within the Metro Orlando area, and announces the opening of its new satellite office in Orlando.
It is no secret that Miami is at the top of nearly every investor’s targeted acquisition list. This article provides insights for alternatives to Miami, including Ft. Lauderdale, West Palm Beach, and the Florida Keys.
In this newsletter, we examine the historical operating performance and provide an overview of hotel transactions that have occurred across the Central Florida region over the last five years, and present a brand overview of B Hotels & Resorts.