|
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
STAY IN THE KNOW.
|
|
|
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.
GET THE INSIGHT.
|
|
|
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.
VIEW FULL STORY.
|
|
|
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.
VIEW FULL STORY.
|
|
|
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.
LEARN MORE.
|
|
|
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.
STAY IN THE KNOW.
|
|
|
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.
VIEW FULL STORY.
|
|
|
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.
LEARN MORE ABOUT THIS OPPORTUNITY.
|
|
|
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.
|
|
|
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.
LEARN MORE ABOUT THIS OPPORTUNITY.
|
|
|
|
| Superior Results through Unrivaled Hospitality Intelligence. Everywhere. | | | | Stay current. Click here to receive free HVS newsletters Looking for insights into the hospitality industry?
Discover unique hospitality intelligence at hvs.com/publications Interested in a particular market?
Find hundreds of market overviews, all written by HVS experts, at hvs.com/marketresearch Like to be in the know on hotel trends and predictions?
See our Hotel Valuation Index for dozens of cities at hvi.hvs.com | | | | | | | | | | Copyrights © 2020 All Rights Reserved by HVS
Privacy Policy Sent By: Lizzette Casarin
HVS | Marketing Director
4775 Larimer Parkway Suite 200 | Johnstown, Colorado 80534 | | | |
|
