HVS Americas Research Source | September 2020 (September 17, 2020)

Message from Rod Clough, MAI, President, HVS Americas: Opportunity to View the HVS Webinar on Global Hotel Performance & Values: Now and Moving Forward 

HVS hosted an hour-long webinar on September 8, 2020, in which the HVS global senior leadership team provided their insights on numerous important and timely hospitality topics. Based on their extensive in-market knowledge, they shared their thoughts on how the COVID-19 pandemic has affected their respective regions, the kind of recovery hoteliers can anticipate, and the long-term changes the sector is likely to experience. If you are interested in hearing perspectives from experts around the world, as well as candid insights into the possibilities for the future of the worldwide hospitality industry, you can access the full webinar recording here. In addition, you can view the related slides by clicking the PDF link in the Summary box.

In Partnership,

Rod Clough, MAI
President, HVS Americas

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HVS Shares Hotel Valuation Trends and Future of Hotel Deals 
By Stephen Rushmore, Jr.

Travel Channel's Anthony Melchiorri and hotel industry expert and No Vacancy podcast host Glenn Haussman speak to our President & CEO, Stephen Rushmore, Jr, about some critical hotel investment related topics. Topics include valuation trends, marketplace opportunities, independent vs. branded hotel investments, how banks perceive the hotel business and more.

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Critical Components of an Effective “Order to Appoint a Receiver” – From the Lender’s Perspective 
By Victoria 'Vicki' Richman

It is inevitable – many hotels will go into receivership and/or foreclosure in the coming months. Some owners cannot afford to fight any longer, some lenders cannot kick the can down the road any longer, or any number of other reasons will start them down this path. Receiverships can be extremely beneficial to the lender or they can be problematic. The three tools central to establishing a receivership which is beneficial to the lender are: 1) the right Receiver 2) the right Receiver’s attorney, and 3) a strategically drafted “Order to Appoint a Receiver.” This article addresses the third tool in a lender’s toolbox – the all-important court Order.

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Las Vegas COVID-19 Pandemic Update 
By Shannon Okada

Nevada began its emergence from the COVID-19 pandemic shutdown on May 9, 2020, after Nevada’s Governor Steve Sisolak authorized certain businesses, including restaurants and retail establishments, to reopen with limitations. Nevada’s casinos were allowed to reopen on June 4, 2020, with restrictions. This article provides an update of the status of the Las Vegas market since Nevada’s casinos were allowed to reopen.

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Economy Extended-Stay Hotels Hold Up Best During Q2 2020 
By Rodney Clough and Chelsey Leffet

The second quarter of 2020 was the low point for the hospitality industry, as the world was gripped by the pandemic and as travel lockdowns were widespread. HVS compiled the Q2 2020 performance statistics of brands reported by public companies. The data reflect the resiliency of economy, extended-stay brands during the first months of the pandemic.

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Federal Per Diem: Fiscal 2020/21 & Historical Trends 
By Chelsey Leffet

This publication provides an overview of upcoming, current, and historical trends in the federal lodging per diem, with a focus on the per-diem rates for the top hotel lodging markets, as defined by STR.

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Hotel Cleanliness Policies in the Time of COVID-19 
By Christian Cross

This article explores operational changes, specifically looking at cleanliness, as the hotel industry adapts to the challenges of COVID-19, outlining the initial response taken by hoteliers and examining where we are as an industry today and what to expect in the future, now that brands have established procedures and protocols for addressing the pandemic.

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Multi-Year Recovery Along with New Opportunities for the Travel and Hospitality Sector, Predicts HVS Global Leadership 

HVS senior management across the globe hosted a webinar on September 8, 2020, to offer expert perspectives on key hospitality topics including how the COVID-19 pandemic has affected their respective regions and the kind of recovery hoteliers can anticipate, as well as the long-term changes the sector is likely to experience.

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INVESTMENT OPPORTUNITY - Hampton Inn & Suites Houston-Westchase 

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. The owner-operated Hotel is currently underperforming the market; the Property is being sold unencumbered by management. A new investor will have the opportunity to “turnaround” operations by improving yield-management strategies, revitalizing sales and marketing initiatives, completing the PIP, and recapturing its competitive advantage. Please visit our listings or contact Eric Guerrero, James Rebullida, or Fadi Rawashdeh for more information.

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INVESTMENT OPPORTUNITY - Best Western Plus Lake Jackson Inn & Suites 

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.

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INVESTMENT OPPORTUNITY - Holiday Inn Express & Suites Brookshire Katy Freeway 

HVS, as the sole and exclusive advisory firm to Ownership, is pleased to present the opportunity to athe 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 but is being sold unencumbered by management. A new investor will have the opportunity to realize the significant upside of acquiring a recently constructed, absentee owned, underperforming asset at significantly below replacement cost. Please visit our listings or contact Eric Guerrero, James Rebullida, or Fadi Rawashdeh for more information.

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HVS is Sharing Expert Insights Online 

Engage and Learn from Industry Leaders at Events around the Globe:

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