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In this Spring 2019 report from HVS, 40 hotel brokers provide their opinions on the current state of the hotel transaction environment from their viewpoints in more than 20 markets across the U.S. The overall sentiment reflects stability, but with the RevPAR growth outlook minimal and a possible economic correction looming, average cap rates are on the rise. New supply and the costs of renovating to current brand standards remain top limiting factors, which are also contributing to the more cautious outlook.
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This article reviews Capex spending increases amid rising construction costs, and consumer demand with an emphasis on the value of incorporating enhanced spa and wellness-oriented property features.
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What can change leaders do to overcome the resistance to change? Sheetal Singh, Ph.D. and Court Williams, CEO at HVS Executive Search address this question in their latest article in Hotel Business Review.
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Major public hotel companies recently released their year-end 2018 performance data. Of the 61 brands that report RevPAR statistics, most enjoyed an extended period of high occupancy levels and modest rate growth in 2018.
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Preparing for a galaxy far away at the happiest place on earth, hotels owners are looking toward an optimistic future given the record attendance levels at both theme parks and a strong historical precedent for the positive impact of new attractions.
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Both the hotel landscapes in North and South Arlington continue to evolve as the city remains an entertainment capital of the state and as new commercial development helps spur new hotel construction.
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The St. Louis hotel market is at an exciting turning point, with several new, lifestyle-oriented properties set to make their mark this year. These new hotels will make a statement for the local hotel scene as this Midwest city’s status as a regional tourism destination continues to grow.
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Developers are eyeing Newark and Jersey City as alternatives to Manhattan. Downtown skylines in these cities have expanded with high-rise, mixed-use residential and commercial buildings, as developers have sought opportunities outside of Manhattan, which has become limited or too expensive.
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Home of the Blues, Birthplace of Rock 'n Roll, Bluff City, and Grind City, Memphis is a city with many names, ingrained with history, art, music, and southern cuisine. A new record of over 12 million people visited the city in 2018 to experience the Memphis culture.
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HVS, as sole and exclusive advisory firm to Ownership, is pleased to present the opportunity to acquire the fee simple interest in a 2.33-acre site within the growing Lewisville submarket of Dallas. The land is fully entitled to be developed as a 122-key Element by Westin hotel—an upscale, Marriott-affiliated, extended-stay brand. Upon acquisition and approval, an investor can expect a new, 20-year license agreement with Marriott as an Element by Westin. The all-suite design promotes guest independence, which yields to lower housekeeping costs and higher profits. This business model benefits an investor in operating an asset that yields high GOP margins and NOI flow-through.
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Steve Rushmore- Founder of HVS, has launched an on-line training course: Hotel Market Analysis and Valuation Using Hotel Valuation Software. This software developed by Steve and HVS is designed to perform hotel market studies, forecasts of income and expense, and hotel valuations. Steve has partnered with the famous Glion Hotel School in Switzerland to produce the course which will quickly bring you up the learning curve to fully understand how the three software models work. Using a combination of videos, readings and interactive exercises with the actual software, you will be able to complete the course in your free time. The professors at Glion, along with the other students taking this course, will be available to answer your questions and help you finish the program. Upon completion, you can keep the software and you will receive a certificate from the Glion Hotel School which can be an important enhancement to your resume. If you enroll now, as a special gift from Steve - you will receive a 10% discount on this course by entering the Discount Code: HVSTEV10 during the enrollment process.
Click Here to watch a video describing the course.
If you have any questions about my course- contact me- Steve Rushmore- [email protected] |
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