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H&LA’s recent research for a project in Austin, 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 Austin area in 2020 and beyond. Austin-Bergstrom International Airport saw its busiest year ever in 2018, with more than 7.7

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 Irving, 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 Irving area in 2019 and beyond. A new $200 million concert venue called The Pavilion at Toyota Music Factory opened

H&LA’s David J. Sangree and Joseph Pierce are attending the International Association of Amusement Parks and Attractions (IAAPA) Expo on November 18-21 in Orlando. David and Joseph look forward to meeting and getting to know other industry professionals from all across the globe at this exciting event! David J. Sangree, MAI, CPA, ISHC President 216-810-5800

Big news for Jack Entertainment! Published by: Rich Exner/Cleveland.com Published date: October 2019 CLEVELAND, Ohio – Dan Gilbert’s JACK Entertainment announced Monday an $843 million sale/leaseback deal with VICI Properties real estate trust for JACK’s downtown Cleveland casino and suburban Thistledown Racino. Both properties will continue to operate under the JACK name. VICI Properties’ portfolio

In an insightful article, Hotel News Now explores how hoteliers are turning to some new sources in a tight labor market to find talent. H&LA’s David Sangree is quoted in the article as well, citing trends gaining traction in recruitment and referrals for employees. Published by: Laura Koss-Feder/Hotel News Now Published date: October 2019 As

Congrats to our client, Baha Mar Resort, on the news of their $300 million expansion that will include a waterpark. We wish everyone at Baha Mar much success in the expansion of the resort and look forward to seeing the finished product! Published by: blooloop.com Published date: October 2019 Baha Mar resort complex in the

H&LA’s recent research for a project in Newport, Kentucky 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 Newport area in 2019 and beyond. In 2018, the Newport on the Levee retail/entertainment complex was sold to Cincinnati-based North

H&LA’s David Sangree gave some great insight on the waterpark industry for an article in the Chicago Tribune about Blackstone Real Estate Partners IX, an affiliate of Blackstone Group, acquiring a 65% stake in the waterpark operator from owner Centerbridge Partners. Together, they will create a $2.9 billion joint venture to own Great Wolf Resorts.

Published by: The Real Deal Real Estate News Staff Published date: October 2019 CoStar Group, the $22 billion giant most known for its data on office and retail properties, is making a big push into the hotel industry by acquiring one that industry’s largest research and analytics firms. CoStar has agreed to acquire Tennessee-based STR in a