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Global Hospitality Report (February 23, 2015)

HVS Opens New Hotel Consulting and Valuation Office in Portland, Oregon 

HVS is pleased to announce the opening of a hotel consulting and valuation services branch in Portland, Oregon to serve hoteliers and investors in hospitality markets across the Pacific Northwest.

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Sales Tax Audit! 
By Kirby Payne

This description of a sales tax audit is an opportunity to minimize potential problems with sales taxes. While focused on Minnesota much of it applies to any state with sales taxes. Do not construe this article as legal or tax advice.

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Hotel-Related Takeaways | Mortgage Bankers Association’s CREF / Multifamily Housing Convention & Expo 2015 
By Desiree Flanary and Brett Russell

Investment in commercial property is on the rise, and various market dynamics—including lower cap rates—have shifted greater focus to the sale and development of hotels.

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HVS Hotel Management Opens Microtel Inn & Suites in Caldwell, Ohio 

HVS Hotel Management, a national hotel management company based in Newport, Rhode Island announced the opening of the 80-room Microtel Inn & Suites at 44266 Fairground Road, Caldwell, Ohio.

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First Annual Central Florida Hotel Market Review Conference to be Held in May 2015 

The Central Florida Hotel Market Review (CFHMR) is the only dedicated forum for hotel industry professionals with interests in the Greater Orlando region. This first annual event to be held on May 7, 2015 at the Wyndham Orlando Resort International Drive, will provide a detailed review of trends in supply, demand, average rate, hotel values, and cap rates in the greater market area. Hosted by the Florida-based team of HVS professionals, the event will also feature several panel discussions, including one on new hotel projects and their potential market impact. Just as importantly, registration for this afternoon event will include networking opportunities for all participants at an early evening cocktail reception.

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Steigenberger Scores with Its New Brand  

Steigenberger Hotel Group has announced the launch of a new brand. Jaz in the City will be the group's third brand alongside its flagship Steigenberger Hotels and Resorts brand and the InterCityHotel chain. Each Jaz in the City hotel will reflect their host city's music and culture, with galleries and guestrooms featuring local art and public areas showcasing the local music scene. The first hotel is already under construction in Amsterdam, the Netherlands. The hotel is due to open in September 2015 with 247 rooms and 11 suites.

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