HVS Americas Research Source | April 2021 (April 22, 2021)

Message from Rod Clough, MAI, President, HVS Americas: We are proud to release the HVS Broker Survey - Spring 2021 Edition 

In this Spring 2021 report from HVS, 30 active hotel brokers and brokerage firms provide their opinions on the current state of the hotel transaction environment from their viewpoints in 22 markets across the United States. The overall sentiment reflects strengthening and optimism, as well as a notable change from the trends and sentiments presented in our Fall 2020 survey.

Thank you for your ongoing confidence in us, and we are all looking forward to a brighter year ahead for the hospitality industry.

In Partnership,

Rod Clough, MAI
President, HVS Americas

PURCHASE YOUR COPY.
HVS Webinar MexHIC – Perspectivas y Tendencias en la Industria Hotelera 
By Richard Katzman and Lorea Arnoldi

HVS MexHIC, la conferencia líder en materia de inversión hotelera en México ofreció un seminario de Web que se llevó a cabo el 8 de Abril, 2021 de 11:00 am a 1:00 pm, hora de la Ciudad de México. Como muchos de los asistentes habituales lo saben, HVS MexHIC suele llevarse a cabo en este periodo del año.

WATCH RECORDING.
HVS Executive Search Update 
By Alice Campbell

HVS Executive Search has placed the Director of Financial Planning & Analysis for Ascent Hospitality and the Vice President of Sales & Marketing for Wright Investments, both of whom are slated to begin this month. We have also kicked off a search for a Director of International Supply Chain for Wingstop and are hiring a Digital Marketing Intern for Summer 2021.

LEARN MORE ABOUT EXECUTIVE SEARCH.
Autism and the Hospitality Industry: An Interview with Autism Double-Checked 
By Kyndall Wiedrich and Christian Cross

As we observe World Autism Awareness Day, we want to highlight what our industry can do to help support individuals with autism. To better understand the diversity challenges, growing diversity programs, and opportunities to be more inclusive within the hospitality industry, we interviewed the founders of Autism Double-Checked, an organization that provides autism-specific training to hotel staff to create more autism-friendly travel experiences.

STAY IN THE KNOW.
HVS Market Pulse Update - Minneapolis - St. Paul 
By Tanya Pierson, Justin Westad and Rod Clough

Rod Clough, President – Americas, interviewed Tanya Pierson, Senior Managing Director, Minneapolis and Justin Westad, Vice President, Minneapolis overseeing the Upper Midwest region, on March 23, 2021, to discuss the current market dynamics and the outlook for recovery.

GET THE FORECAST FOR MINNEAPOLIS.
COVID-19’s Impact on the San Francisco Lodging Market 
By John Berean

Consistently ranked as one of the top lodging markets in the United States, San Francisco is now one of the cities most affected by the COVID-19 pandemic. From the 1849 Gold Rush to the present day, San Francisco has been known for its boom-and-bust economy, and a full recovery from the current downturn is expected, as in years past. This article explores recent lodging trends for San Francisco and offers a high-level perspective on the road to recovery.

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HVS Market Pulse Update Phoenix, AZ 
By McKenna Luke, Michael Smithson and Rod Clough

Rod Clough, President – Americas, interviewed McKenna Luke, Senior Vice President, Albuquerque and Michael Smithson, Vice President, Phoenix overseeing the Southwest region, on April 8, 2021, to discuss the current Phoenix market dynamics and the outlook for recovery.

GET THE FORECAST FOR PHOENIX.
COVID-19’s Impact on the San Antonio Lodging Market 
By David Bone and Shannon Sampson

The COVID-19 pandemic has negatively affected hotels in the greater San Antonio market since early March 2020, similar to most cities in the United States. How far has the San Antonio hotel market fallen? When is group demand expected to rebound? What will the recovery look like?

VIEW FULL STORY.
COVID-19’s Impact on the Albuquerque Lodging Market 
By McKenna Luke

Over the past year, the Albuquerque and New Mexico market have suffered unprecedented declines in demand because of the COVID-19 pandemic. These declines have been driven by more restrictive state-imposed limitations on travel and business operations, especially for hotels. As the state begins to emerge from COVID-19 restrictions, we examine the recovery outlook.

STAY IN THE KNOW.
COVID-19’s Impact on the Greater Boise Lodging Market 

Since March 2020, Boise hotels have suffered unprecedented declines in demand, similar to most cities in the United States, because of the COVID-19 pandemic. Which factors affected 2020 hotel performance, and what key elements are expected to influence hotels in the Treasure Valley’s capital? What will the recovery look like?

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HVS Brokerage & Advisory Closes Sale of Comfort Suites Houston NW – Vintage Park in Houston, Texas  

HVS Brokerage & Advisory announces the sale of the 64-key Comfort Suites Houston NW – Vintage Park, located at 2122 Tomball Parkway, Houston, Texas 77070.

STAY INFORMED.
Emil Iskandar Joins HVS as Senior Vice President, Capital Markets 

HVS welcomes Emil Iskandar as Senior Vice President, Capital Markets. In this role, he will provide debt and equity solutions for HVS hospitality real estate investment clients.

LEARN HOW WE CAN ASSIST YOU.
INVESTMENT OPPORTUNITY - Galveston, TX Marriott Two-Pack - CALL FOR OFFERS 

HVS is pleased to present the opportunity to acquire both the 88-key TownePlace Suites by Marriott and the 85-key Courtyard by Marriott. The lender-owned properties must be acquired as a portfolio. The two properties are located next to one another and have a highly coveted location along the Galveston Seawall. A new investor will have the opportunity to realize the significant upside of acquiring and renovating two premium-branded assets in a historically robust market, substantially below replacement cost. Please visit our listings or contact Eric Guerrero, James Rebullida, or Fadi Rawashdeh for more information.

LEARN MORE ABOUT THIS OPPORTUNITY.
INVESTMENT OPPORTUNITY - Howard Johnson by Wyndham Beaumont 

HVS, as the sole and exclusive advisory firm to Ownership, is pleased to present the opportunity to acquire the 118-key Howard Johnson by Wyndham Beaumont, a limited-service asset located in the burgeoning market of Beaumont, Texas. This opportunity presents a blank slate for a new owner/operator to restructure the hotel’s operations, improve the bottom-line cash flows, and capitalize from $54-billion petrochemical expansion projects in the Beaumont/Port Arthur area over the next ten years. Please visit our listings or contact Eric Guerrero, James Rebullida, or Fadi Rawashdeh for more information.

LEARN MORE ABOUT THIS ASSET.
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 be able 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.
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