Americas Hospitality Newsletter (June 20, 2018)

HVS North America Announces Expansion of its Brokerage & Advisory Division 

HVS, the leader in global hospitality consulting, is pleased to announce the expansion of its Brokerage & Advisory Division in North America, offering a range of services across all hotel segments, with focus on premium-branded, select-service hotels and in single-asset dispositions, portfolio sales, and transaction capitalizations.

MEET OUR NEW TEAM.
Hotel Cost-Estimating Guide  

HVS Design and Jonathan Nehmer + Associates (JN+A) are proud to announce the completion of the 2018 Hotel Cost-Estimating Guide, which provides a comprehensive listing of capital-expenditure construction and FF&E costs for hotel renovations in the U.S.

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Mitigating Spa & Wellness Investment Risks 
By Mia Mackman

Spa & Wellness program structures fall into a wide range of performance categories and operating models. For hotels, there are multiple applications that include combinations of relaxation, well being, and treatment-based sessions. While some of the newest and popular trends include features centered on health and lifestyle, there are often wide gaps between drive, delivery, and financial return. Having an acute understanding of how spa-and-wellness features intersect with perceived value and profitability percentages conveys important impacts on asset performance, momentum, and risk.

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Hotel Valuation Index 2018 for the United States – Now Available 

Each year, more than 80 HVS hotel experts conduct thousands of market studies, feasibility studies, and appraisal assignments for all types of hotels across the U.S. The intelligence gathered from these engagements, combined with analysis of data on hotel performance from HVS and STR, supports the hotel value conclusions and projections presented in the annual HVI.

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Latest HVS Broker Survey Reflects Strong Premium Placed on Luxury & Upper-Upscale Assets 
By Rodney Clough

Hotel brokers provide their opinions on the current state of the hotel transaction environment across the U.S. in the Spring 2018 Edition HVS Broker Survey report. The overall sentiment reflects stability, but with limited inventory for sale, most metro areas remain a seller’s market. New supply, increasing expenses, and the costs of renovating to current brand standards remain top limiting factors. In addition to going-in and exit cap rates, the report provides the latest broker opinions on discount rates, rooms revenue multipliers, exposure and marketing times, selling expense ratios, and liquidation effects for the U.S. hotel transactions market.

ORDER THE REPORT FOR $295.
We Are Hiring in Dallas, Omaha, Portland, and St. Louis!  

At HVS, we’ve built an empowering, enlivening culture that encourages self-expression and commitment to the greater organization. Our global network of highly credible talent works collaboratively, supporting our clients and each other to achieve the best results possible on every project. Providing a flexible, dynamic working environment that constantly offers new opportunities, HVS cultivates world-class employees who enjoy lifelong careers within a unified company. We are proud to be a diverse, empowering company.

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Superior Results through Unrivaled Hospitality Intelligence. Everywhere.

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Sent By: Lizzette Casarin
HVS | Marketing Director
1400 Old Country Road, Suite 105N | Westbury, NY 11590