Joseph Pierce, MAI

Gaming a Winning Bet in Ohio

This article compares the performance of casino slot machines and racino VLTs and gives an overview of the Ohio gaming industry.

Public-Private Partnerships for Hotels

As hospitality consultants, we understand the relationship between private developers and public entities. These public-private partnerships have long been an economic tool in the hospitality industry, but post-recession they have become more commonplace.

Performance Soars at Airport Terminal Hotels

On-site airport hotels make a connection with travelers and have distinct advantages over nearby airport properties.

Renting As an Alternative to Hotel Land Acquisition

When land is not available for purchase for hotel construction, a well negotiated ground lease can benefit both the developer and the land owner.

Is it Time to Appeal Your Property Taxes?

By David J. Sangree, MAI, CPA, ISHC, and Joseph Pierce Summary: The median sale price per room of hotels in the United States declined by over 40% between year-to-date October 2008 and year-to-date October 2009.  The dramatic decline is a result of the economic recession and the fact that there was a much smaller pool