Publications & Events

Snapshot of the Berlin hotel market in 2024 with an exploration of tourism demand, hotel performance, hotel supply, the investment market and the market outlook.

While many U.S. markets have experienced a slowdown in hotel development amid rising construction costs, increasing financing costs, and general uncertainty, the greater Jacksonville market area has continued to support a robust hotel development pipeline. This article details some of the recent and upcoming hotel projects in Jacksonville.

Fort Lauderdale, a staple South Florida beach destination, is shifting its focus beyond leisure tourism with a $1.3-billion investment in the Broward County Convention Center and adjoining Omni Hotel. Following this project, Fort Lauderdale will position itself as both a vacation destination and a commercial city.

The Cincinnati lodging market is gearing up for an influx in demand fueled by the renovation of the Duke Energy Convention Center. Moreover, recent success and changes in the city’s diverse sports scene are drawing visitors from near and far.

FIAF Florence Gould Hall Theater was bustling in early June with another successful Boutique Hotel Investment Conference. Kudos to the BLLA team for executing a great event! This article presents some key takeaways from HVS attendees Patricia Shih (HVS Consulting & Valuation) and Marcus Lee (HVS Asset Management & Advisory).

Obtaining leverage through debt financing is key to achieving the desired equity return on a hotel acquisition. The reduced availability and prevailing high cost of traditional loans are forcing buyers to be creative and consider alternative strategies to seize an acquisition opportunity. This article presents a few of these alternatives.

Snapshot of the Venice hotel market performance in 2023, exploring airport arrivals, tourism demand, hotel KPIs, future supply, recent transactions and future outlook.

A capitalization rate (“cap rate”) is a shorthand expression of a given investment’s return and represents the weighted average return to the debt and equity positions. As detailed in this article, hotel cap rates are higher than they’ve been in recent years and are unlikely to decline anytime soon.

Snapshot of the Paris hotel market in 2024 with an exploration of tourism demand, hotel performance, hotel supply, the investment market and the market outlook.

Jonathan Nehmer + Associates, Inc. (nehmer) and HVS Design, leading Architecture, Interior Design, and Project Management firms specializing in the hospitality industry, are proud to announce the release of the 2024 Hotel Cost Estimating Guide. The Guide is a comprehensive listing of capital expenditure construction and FF&E costs for hotel renovations.

Now in its 16th year, the 2024 Hotel Cost Estimating Guide evaluates costs in a variety of hotel tiers including Economy, Extended Stay, Midscale, Upscale, Upper Upscale, and Luxury. Within each tier, costs are separated into the categories of Guestrooms, Guest Bathrooms, Guestroom Corridors, Public Areas, Food & Beverage Outlets, Function Space, Recreational Facilities, Infrastructure, and Common Additives.

The 2024 Hotel Cost Estimating Guide also features estimated percentages for freight and warehousing for each tier along with contributing cost variables. The Guide includes sample schedules for select service renovations (both prototype and custom) and for a full-service renovation.

The following firms contributed unit cost data to the 2024 Hotel Cost Estimating Guide: Audit Logistics, Benjamin West, Humphrey Rich, Ironstar Construction Inc., POK Construction, and Reliance Construction Company.

The Hotel Cost Estimating Guide is available as a complimentary download at www.hotelcostestimatingguide.com.