Month: June 2016

This New York Times article highlights the recent improvements and overall revitalization of downtown Cleveland. Not only is the new Public Square being unveiled this week, but several new hotels, including the the 600-room, 32-story Hilton Cleveland Downtown Hotel, have opened in downtown Cleveland this year. Cleveland will be in the national spotlight to the RNC coming to town in July.

STR has adopted new guidelines that may have owners and operators rethinking their competitive sets

Our hospitality consultants are headed to Chicago, Illinois and St. George, Utah this week for fieldwork and market research related to a hotel appraisal and a waterpark feasibility study.

Congratulations to our clients, the City of Round Rock and Kalahari Resorts! Kalahari Resorts has just announced plans to develop an indoor waterpark in Round Rock, set to open in 2020.

There is much talk in hospitality industry about whether or not we are at the peak of the cycle. Hotel News Now found that hotel executives have very differing opinions on where the industry is in the cycle.

Hotels & Waterpark Industry – Insights, Trends and Valuation Keys

David J. Sangree, MAI, gave a presentation on hotel appraisals and waterpark appraisals at the 2016 IRWA Appraisal Day seminar. Click the link below to see his presentation. 2016-irwa-appraisal-day-presentation