Heidi Banak

Insightful and well-researched article on dual branded hotels from Cornell University of Hotel Administrations’ The Scholarly Commons, titled ‘Do Dual-Branded Hotels Outperform Single-Branded Hotels?’ by Chekitan S. Dev and Eva Steiner.  This article discusses whether dual-branded hotels operate more efficiently than comparable single-branded hotels (and therefore deliver better bottom-line results). https://scholarship.sha.cornell.edu/cgi/viewcontent.cgi?article=1274&context=chrpubs

In a company press release, HOF Village, LLC (HOFV), the owner of the premier sports, entertainment and media enterprise surrounding the Pro Football Hall of Fame in Canton, Ohio, announced that it will open a DoubleTree by Hilton hotel in Downtown Canton. The fully renovated hotel, which was acquired by HOFV in October 2019, is expected to open

As reported by Stan Bullard at CrainsCleveland, the downtown Hilton Garden Inn Cleveland hotel was sold to MCR, a Dallas and New York City based hotel company. H&LA’s David Sangree got the opportunity to weigh in on the $28 million sale. Published by: Stan Bullard/Crain’s Cleveland Published date: December 2019 The Hilton Garden Inn Downtown Cleveland, 1100

H&LA’s David Sangree, MAI, CPA, ISHC and Joseph Pierce, MAI attended the IAAPA Expo in November. The Expo was well-attended as always with over 40,000 attendees and hundreds of exhibits showcasing the latest and greatest in industry technology and services. David and Joseph had several key takeaways from the conference: Labor cost and availability are

Recreation Management published a great article on the waterpark industry, highlighting H&LA’s research for the 2019 waterpark season. Published by: Dave Ramont, Recreation Management Published date: October 2019 On a hot summer day, it’s pretty safe to say that most people would enjoy some refreshing ice cream. But it’s also a safe bet that many

Published by: Katy Black and Rodney Clough/Hotel Online Published date: November 2019 HVS continually tracks the rates of return on the assets on which we consult. In our most recent review, we found that equity yield rates, on average, have shown a continued trend of decline in the full-service and luxury hotels sector, as well

H&LA’s recent research for a project in the Houston area of Texas revealed some exciting new hospitality-related developments happening in the area. These developments will have a major impact on tourism, employment, and the general economy in the Houston area. A major theme park complex called the Grand Texas Sports and Entertainment District is now

H&LA’s recent research for a project in Irvine, California revealed some exciting new hospitality-related developments happening in the area. These developments will have a major impact on tourism, employment, and the general economy in the Irvine area. A major mixed-use development called the LT Platinum Center is planned for a site adjacent to Angel Stadium

Our consultants are traveling to some exciting hospitality conferences in March! David J. Sangree, MAI, CPA, ISHC is attending the 94th Annual Hotel Ezra Cornell Conference on March 14-17. Hotel Ezra Cornell is a three-day, student-run business conference for hospitality industry leaders and members of the Cornell community from across the globe. Featuring some of the

In their 2019 Power issue, Aquatics International named H&LA President David Sangree as the go-to waterpark consultant and prognosticator. Citing David’s work in the industry over the last 30 years, the article highlights some of his unique experience and gets to the heart of what makes him an expert in such a dynamic industry. Published

Hotel News Now is reporting on the latest hotel forecast by CBRE Hotels Americas Research that calls for RevPAR growth of 2.5% in 2019 and 2% in 2020 at U.S. hotels, but a blip in 2021. Published by  HNN Newswire Published date: February 2019 A favorable economic outlook will lead to continued growth in U.S.

As the Times Herold-Record reports, the much anticipated Kartrite Resort & Indoor Waterpark is set for soft opening at the end of March, with the Grand opening set for April 5th. Published by: Daniel Axelrod/Times Herald-Record Published date: March 2019 The $180 million-plus Kartrite Resort & Indoor Waterpark project is on track for a March 28

Hoteliers continue to experiment with dynamic pricing but also seem to realize that even if guests receive all the industry’s latest education and thinking on rates, partnerships with online travel agencies will not be a thing of the past. Published by: Terence Baker/Hotel News Now Published date: February 2019 Hoteliers’ strategic goals must include a

Experts at Americas Lodging Investment Summit (ALIS) weighed in on the 2019 hotel landscape. Hotel News Now reports that executives from STR, CBRE Hotels, Kalibri Labs and JLL shared their forecasts at ALIS and talked about rate, supply and other trends hoteliers should keep an eye on. Published by: Stephanie Ricca/Hotel News Now Published date:

Hotel News Now reports that as Marriott negotiates with Expedia, the industry awaits the future of OTA’s continued impact. Published by: Terence Baker/Hotel News Now Published date: January 2019 This could be the year in which the newly enlarged mega-hotel companies push back against online travel agencies to secure lower commissions and greater margins, according to