H&LA News

David J. Sangree discussed valuation issues affecting hotel properties in the current real estate economy for the Institute for Professionals in Taxation Cleveland on August 19, 2010.

David J. Sangree, MAI, CPA, ISHC, moderated a resorts panel at the Midwest Lodging Investors Summit in Chicago July 11-13, 2010.

David J. Sangree was a speaker at Cornell University School of Hotel Administration's Hotel Ezra Cornell (HEC) conference on a panel discussing innovations in the hotel industry. HEC was held April 8-11, 2010 in Ithaca, NY.

Mr. Sangree was a speaker at the World Waterpark Association annual conference held in Orlando at Walt Disney World, October 20-24. He spoke at the two day development workshop. His comments provided an overview of the indoor waterpark resort industry. Go to the Publications page to view his presentation.

David J. Sangree was named one of Aquatics International Magazine's "Power 25." Aquatics International publishes an annual list of professionals it deems the 25 most powerful people in the aquatics industry.
To read the article honoring Mr. Sangree click here.

Eric B. Hansen, AIA ISHC, Director of Development Services, was a featured speaker at the 2008 OH&LA Annual Conference. The conference was titled "Lodging Innovation, Opening New Doors" and was held in Cincinnati on November 23-24, 2008. Mr. Hansen's presentation explored industry trends and innovations, and identified their value propositions and market differentiation characteristics. Here is a PowerPoint of Mr. Hansen's presentation.

H&LA was ranked the 10th largest hotel consulting firm on Hotel & Motel Management's 2008 Top Hotel Consultants Survey based on firm revenue in 2007. This ranking was out of 25 and appeared in the April, 2008 issue of Hotel Motel Management. To see a complete list of all the ranked firms click here.

The Appraisal Institute has appointed David Sangree to the editorial review board for the Appraisal Journal.

Waterpark Resort and Hotel Industry News

Overall Hotel Market: The year 2009 is in the record books as one of the most challenging years for hotels and resorts in recent decades. The market endured a drop in both occupancy levels and average daily rates which caused one of the largest RevPAR declines in history. Hotel & Leisure Advisors forecasts 2010 to show improvement for the national hospitality industry. We forecast overall occupancy levels to increase in most markets as the national economy starts to improve. We forecast overall average daily rates to be relatively flat from the previous year or achieve only slight improvement in some markets.

CoCo Key Water Resort opened its newest 392-room property in Orlando, Florida, as a renovation of the former Orlando Grand Hotel. The renovations include a 54,000 square foot waterpark addition to the property. Approximately half of the waterpark is canopy covered but not completely enclosed, while the remaining waterpark is outdoors. The property also includes a restaurant, lounge, arcade, birthday party rooms, and a gift shop. This is the 10th CoCo Key Resort property and is the only one located in a warm weather destination with a large outdoor waterpark.

The Radisson Hotel in Albuquerque, New Mexico, opened its indoor waterpark in March 2010. The 28,000 square foot indoor waterpark includes a FlowRider, lazy river, slides, gift shop, arcade, and other features. The hotel was renovated during the last two years.

Great Wolf Lodge resorts located in the Poconos, Kansas City, and Mason expanded their waterparks in 2010 by adding a new five-story waterslide to each of the three properties.

Kalahari Resorts located in Sandusky, Ohio, and in Wisconsin Dells, Wisconsin, are making improvements in 2010. In Wisconsin Dells, the property is adding four five-bedroom Nyumba condominium unit cottages. In Sandusky, the property added an outdoor adventure park which includes a zip line, outdoor petting zoo, and other outdoor activities.

The Wilderness Resort in Wisconsin Dells added a new zip line attraction in 2010 and a new 3-D miniature golf complex. It has also converted one of its wave pools into a bumper boat haven.

Providing thorough and thoughtful analysis to our clients in all sectors of the hospitality industry.


We Offer

• Full-service MAI commercial real estate appraisals
• Insightful feasibility and impact analysis
• Property condition assessment
• Expertise with hotels, outdoor and indoor waterparks, amusement parks, resorts, conference and convention centers, golf courses, ski resorts, restaurants and other leisure real estate
• Qualified, licensed, registered experts

Click here to download the H&LA company brochure