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Hotels and hospitality are a cornerstone of the American economy, and HVS is here to provide support and guidance for our clients and partners during each step on the path to recovery. Whether you are a developer, owner, operator, lender, or investor, our expertise covers the full range of hospitality assets and spans the full life cycle of a hotel.
As hotels gradually open their doors and take steps to welcome back travelers, we are more committed than ever to providing the insights you need. I encourage you to explore the research and insights available on HVS.com, written by our colleagues from around the world.
And, of course, if you would like to speak to someone personally, please don’t hesitate to contact me directly. We are always here to help.
In Partnership,
Rod Clough, MAI
President, HVS Americas
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The COVID-19 pandemic has placed at risk the substantial investment of state and local governments in the tourism and hospitality industries. Publicly funded destination marketing organizations (“DMOs”), tourism agencies, and convention centers face budget shortfalls, staffing reductions, and growing financial uncertainty. Targeted federal aid is urgently needed to support DMOs, tourism agencies, and convention centers whose work is critical to the recovery of vital sectors of the US economy.
LEARN MORE.
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Richard Katzman, Managing Director of HVS Mexico City, oversees the company’s consulting practice throughout Latin America. In this webinar, organized by Mexico’s leading real estate industry magazine and media platform, Inmobiliare, Richard and four fellow panelists discuss an anticipated path to recovery for the hotel and travel industry.
GET THE INSIGHT.
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During the three years preceding the onset of the COVID-19 pandemic, Las Vegas had entered a cycle of new development after the prolonged recovery from the 2008 Great Recession. The ongoing construction of major demand generators throughout the closure period is important to the eventual recovery of the Las Vegas market. This article summarizes the available information regarding the status of major tourism-related projects in the Las Vegas market.
STAY IN THE KNOW.
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While numerous lodging brands are available to hotel owners through franchises, new brands continue to emerge. In 2020, several new brands have been introduced, providing unique niches in the marketplace to meet the demands of both hotel owners and guests. This article reviews the brands announced in 2020 and considers how they are poised to operate during the current economic climate.
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HVS Design and Jonathan Nehmer + Associates, Inc. (JN+A), leading Architecture, Interior Design, and Project Management firms specializing in the hospitality industry, are proud to announce the release of the 2020 Hotel Cost Estimating Guide. The Guide is a comprehensive listing of capital expenditure construction and FF&E costs for hotel renovations.
VIEW FULL STORY.
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HVS Executive Search announces the promotion of Rachel Levitt to Senior Vice President in North America. Rachel works with a diverse hospitality client base which includes hotel management, private equity, restaurant brands and hotel real estate companies and has had great success.
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HVS, is pleased to present the opportunity to acquire the 82-key Hampton Inn & Suites Houston-Westchase, a limited-service asset located in the historically strong Houston Westchase submarket. A new investor will have the opportunity to realize the significant upside of acquiring an underperforming hotel and completing the change-of-ownership product improvement plan (PIP). Please visit our listings or contact Eric Guerrero, James Rebullida, or Fadi Rawashdeh for more information.
LEARN MORE ABOUT THIS OPPORTUNITY.
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HVS, as the sole and exclusive advisory firm to Ownership, is pleased to present the opportunity to acquire the 64-key Best Western Plus Lake Jackson Inn & Suites, a limited-service asset located in Lake Jackson, Texas. Based on current pricing guidance, the Property is priced below replacement cost at $89,000 per key. To construct a similar limited-service asset with comparable amenities, the estimated all-in investment would be a minimum of $100,000 to $110,000 per key. Please visit our listings or contact Eric Guerrero, James Rebullida, or Fadi Rawashdeh for more information.
LEARN MORE ABOUT THIS OPPORTUNITY.
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HVS, as the sole advisory firm to Ownership, is pleased to present the opportunity to acquire the underperforming, 75-key Holiday Inn Express & Suites Brookshire – Katy Freeway, a recently constructed, limited-service asset located in the historically strong Katy Freeway submarket. The Hotel is currently absentee owned and operated by a third-party management company. The Property is being offered free and clear of any management encumbrances, providing an investor with the flexibility to revamp the operational strategies of the current operator. Please visit our listings or contact Eric Guerrero, James Rebullida, or Fadi Rawashdeh for more information.
LEARN MORE ABOUT THIS OPPORTUNITY.
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