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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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Three U.S. major professional sports teams—the Vegas Golden Knights of the National Hockey League, Las Vegas Aces of the Women’s National Basketball Association, and Las Vegas Raiders of the National Football League—are based in Las Vegas. The importance of sporting events for the Las Vegas market extends beyond serving as the home for these professional teams. The return of sports will contribute to Las Vegas’ eventual recovery from the impact of the COVID-19 pandemic.
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As with the rest of the country, the Tucson lodging market has been negatively affected by the ongoing COVID-19 pandemic. After reaching an all-time peak in performance in 2019, following eight years of nearly year-over-year growth, hotel performance came to a screeching halt in early March when travel restrictions began to take place around the country.
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Governor Sisolak authorized certain businesses, including restaurants, barbershops, hair salons, and most retail businesses, to reopen with limitations beginning May 9, 2020, and Nevada began its emergence from the pandemic shutdown. Nevada’s casinos were allowed to reopen on June 4, 2020, with restrictions. While the pandemic is far from over, this article examines some of the differences observed in casinos in the Las Vegas market since reopening and what has been learned thus far.
STAY IN THE KNOW.
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HVS Executive Search has placed the Managing Director with American Founders Capital, owned by Corporex Capital, the Regional Vice President of Franchise Development and Manager of Franchise Development with stayAPT, and the Senior Director – Premier Hospitality Training and Development and Vice President of Business Development with AKAM. All five individuals are slated to begin Summer 2020. Please click here for more information on HVS Executive Search’s practice areas and services.
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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 and exclusive advisory firm to Ownership, is pleased to present the opportunity to acquire the 81-key Hampton Inn Houston Brookhollow, a recently renovated, limited-service asset located in the historically strong Houston Northwest Freeway submarket. The Hotel is currently operated by Aimbridge Hospitality and is being sold unencumbered by management. A new investor will have the opportunity to realize the significant upside of acquiring a recently renovated, Hilton-branded asset, located in a historically robust market, below replacement cost.
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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