HVS is pleased to announce the opening of a hotel consulting and valuation services branch in New Orleans to serve a rising volume of hotel projects and a strong client contingent in the Gulf Coast market. With a team of professional appraisers and industry veterans to cater to the needs of hotel investors, buyers, sellers, owners, and operators in the region, HVS New Orleans offers the following services:
- Single-asset and portfolio hotel appraisals
- Market and project-feasibility studies
- Franchise evaluations
- Advisory expertise on large-scale mixed-use and public-private developments
The new office is headed by Adam R. Lair, MAI, a state-certified hotel appraiser and a Designated Member of the Appraisal Institute with more than a decade of experience in the real estate industry.
“New Orleans is a very important market driven by energy, conventions, and tourism,” says HVS President and CEO Stephen Rushmore Jr. He adds, “The city has grown significantly after recovering from Hurricane Katrina, and we are very optimistic about the future and the ability to provide unrivalled hospitality intelligence to the industry.”
The New Orleans-Metairie-Kenner Metropolitan Statistical Area offers more than 38,000 hotel rooms, with demand driven by a thriving tourism industry, the city’s status as a first-tier convention destination, and an ongoing slate of major events that regularly capture national and international attention. The latest HVS Hotel Valuation Index (HVI) forecasts continued strong growth for hotel values in New Orleans in the near term.
The new office joins a worldwide network of HVS associates and offices that provide services of the highest calibre to hotel markets they know intimately well. Adam R. Lair, MAI and the professionals under his wing have worked for many years in markets along the Gulf Coast and in surrounding states. In fact, HVS was the lead firm for the appraisal of the Westin New Orleans Canal Place in the city’s historic French Quarter. Additionally, Adam, who is widely recognized as an expert hotel industry analyst, has also written extensively on the post-Katrina and post-recession growth of the New Orleans hotel market.
For more information please contact:
Adam R Lair, MAI
Managing Director and Senior Partner, HVS New Orleans
Tel: +1 (504) 231-2651