HVS Americas Research Source | May 2019 (May 15, 2019)

HVS Continues to Expand Its Presence in Latin America 

HVS CEO Stephen Rushmore Jr. and HVS Americas President Rod Clough are pleased to announce that the firm’s Mexico City practice has assumed responsibility for expanding the HVS presence across Latin America under the leadership of Richard Katzman.

HVS Releases the 2019 Hotel Valuation Index (HVI) 
By Daniel McCoy, MAI

The HVI offers critical information on 38 U.S. hotel markets and the nation, including historical and projected valuation changes and intelligence on market dynamics for primary, secondary, and tertiary hotel markets. Although the HVI cannot tell you what a particular hotel is worth, it does provide excellent “big picture” data, indicating which market areas are experiencing positive trends, and thus may present good investment opportunities. The HVI for the U.S. is a measure of the strength of the lodging industry as a whole and, specifically, the hospitality investment market.

How to Add Value to Your Hotel Asset 
By Carrie Russell

Although it may seem that a hotel’s value is fixed and determined solely by external forces, in actuality there are hundreds of opportunities to make adjustments that result in value enhancements.

Navigate the Pitfalls Motel Valuations – Part 1 
By Rod Clough, MAI

In Part 1 of this series, I discuss the importance of deriving a proper revenue estimate for valuations of independent, budget motels and testing its reasonableness against the norms for the neighborhood and market.

AAHOA 2019 State of the Hotel Industry 
By Kasia Russell, MAI and Tejal Patel

Celebrating its 30th anniversary, the Asian American Hotel Owners Association (AAHOA) convention welcomed nearly 9,000 attendees in its most widely attended event in history. Reportedly, one out of every two hotels in the United States is owned by members of this important association.

Canadian Lodging Outlook Quarterly 2019-Q1 

Absorption of new inventory of rooms across the country is putting downward pressure on national occupancy; average rate continues to grow, albeit at a slower pace.

HVS Industry Statistics Update – Q2 2019 
By Jerod Byrd, MAI

The Quarterly HVS Industry Statistics Update shows key economic metrics that relate to the hotel industry’s recent performance and near-term forecast. The U.S. hotel market achieved 1.5% RevPAR growth for the first quarter of 2019, with economy hotels averaging the highest peak occupancy growth among the six asset classes, while upper-upscale hotels achieved the highest average daily rate (ADR). National RevPAR growth would have only registered 1.1% if San Francisco were to have been excluded from the mix; San Francisco achieved RevPAR growth of 15.9% during the first quarter of 2019, primarily attributed to strong ADR levels.

HVS Market Pulse: Spokane, Washington An Emerging Meeting-and-Group Destination 
By Breanna Smith, MAI and Eileen Bosworth

Spokane is becoming a national meeting-and-group destination following the convention center’s expansion and the opening of a new headquarters hotel in 2015. A greater variety of groups and events are attracted to Spokane, with 2019 tracking to be a record year for the city.

HVS Market Pulse: State of Hawaii 
By John Berean

Hotels in the state of Hawaii reached record RevPAR levels in 2018, supported by continued growth in visitation.

HVS Market Pulse: Houston, Texas 
By J. Carter Allen

The Houston lodging market has experienced significant fluctuations in recent years, driven by increases in supply, an energy recession, a Super Bowl, two MLB post-season runs, and one of the costliest natural disasters of all time. In this article, we look at where we go from here.

HVS Market Pulse: Downtown Omaha, NE 
By Sara Olson, MAI

The landscape of Downtown Omaha continues to evolve as new construction projects within the commercial, hotel, residential, and public sectors move forward.

HVS Market Pulse: Fresno, CA 
By Kirsten Smiley, MAI

From Sacramento to Bakersfield, Central California is known as the “Food Basket of the World.” As the most populated city in the in the Central Valley, Fresno is the epicenter of California’s agriculture industry and the commercial, financial, and cultural hub of the region.

HVS Market Pulse: Asheville, North Carolina 
By Janet Snyder, MAI

Asheville is recognized as a premier tourist destination in the Southeast U.S., and its growing and changing lodging landscape continues to reflect this Blue Ridge city’s popularity.

Investment Opportunity - Downtown Phoenix Hotel Development Site 
By Eric Guerrero and Drew Noecker

HVS, as the sole and exclusive advisory firm to Ownership, is pleased to present the opportunity to acquire the fee-simple interest in a 0.32-acre site within the booming Downtown Phoenix submarket. This opportunity presents the possibility to build a vertically structured, 30-story, 375-key, upscale, select-service, dual-brand hotel. Downtown Phoenix continues to undergo economic expansion after an extended post-recession recovery. More than nine million square feet of private office space exists in the Downtown core, with another 1.3 million square feet under construction; demand for office space continues to grow with the recent expansion of the light-rail system. The subject site proximate to a diverse mix of corporate and leisure demand generators including: ASU Downtown, Phoenix Convention Center, Chase Tower, CityScape, Talking Stick Resort Arena, Chase Field, and Banner University Medical Center.

Learn to Use Hotel Valuation Software from Steve Rushmore and the Glion Hotel School 
By Steve Rushmore

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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