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David J. Sangree, MAI, CPA, ISHC and Chris Ballou, CHIA attended the 2021 IAAPA Expo in Orlando. It was great to see so many in the industry back at an in-person event. Here are some key takeaways from the convention: David (along with industry leaders from Great Wolf Lodge, Six Flags, Splash Lagoon, and Typhoon

H&LA’s recent research for a projects in Sandusky and Port Clinton, Ohio revealed some exciting new hospitality-related developments happening in the area. These developments will have an impact on tourism, employment, and the general economy in Sandusky and Port Clinton and the surrounding areas in 2021 and beyond. On-going pandemic concerns may alter timelines for

Congratulations to our client, Bayou Phoenix, on being chosen by the city of New Orleans to develop a STEM center, hotel, waterpark, amusement park, and sports complex. H&LA was please to prepare the preliminary feasibility analysis for the waterpark and we wish Bayou Phoenix best of luck with this exciting and expansive development! Published by:

H&LA’s recent research for a project in Las Vegas, Nevada revealed some exciting new hospitality-related developments happening in the area. These developments will have an impact on tourism, employment, and the general economy in Las Vegas and the surrounding areas in 2021 and beyond. On-going pandemic concerns may alter timelines for some of these projects.

Takeaways from WWA

David J. Sangree, MAI, CPA, ISHC and Nuresh Maredia, CHIA attended the World Waterpark Association annual conference in San Antonio, Texas in October 2021. After missing a year due to the COVID pandemic, it was great to see many familiar faces and meet new people at the conference as well. Here are some key highlights

Congratulations to our client, Blue Ocean Development, who is set to break ground soon a TownePlace Suites by Marriott on the site of Spire campus in Geneva, Ohio. This hotel will accommodate the growing demand at Spire and the Geneva area. It was pleasure to work with Blue Ocean on the hotel feasibility study for

Latest from CoStar News/Hotel News Now on the expected pandemic-related discounts for hotel sales the pandemic that never really materialized. Published by: Dana Miller/Hotel News Now Published date: October 2021 The level of distressed pricing that hotel investors expected to see during the pandemic hasn’t materialized, and hoteliers now must update their expectations. Jim Chu,

H&LA’s David Sangree got the chance to weigh in with Cleveland.com on an article about new downtown Cleveland hotel projects and what these projects mean for the future of the Cleveland hospitality market post-pandemic. Published by: Susan Glaser/Cleveland.com Published date: October 2021 It’s too early to celebrate the end of the pandemic’s effect on Cleveland’s

H&LA’s David Sangree provided a quote for a recent Crain’s Cleveland Business article on the rise of commercial property owners seeking tax over pandemic related losses. Published by: Michelle Jarobe/Crain’s Cleveland Business Published date: September 2021 Commercial property owners in Cuyahoga County say the pandemic dealt them a $581 million blow — and they’re seeking

Published by Jan Freitag/CoStar Analytics Published date: September, 2021 It is hard to point to a commercial property asset class that has taken a harder hit than hotel development sites. In 2019, land sales designated for hotel, motel or hospitality use totaled $626 million. Last year, the sales volume for hotel development sites collapsed to

H&LA’s recent research for a project in St. George, Utah 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 St. George and the surrounding areas in 2021 and beyond. On-going pandemic concerns may alter timelines for some of these

Hoteliers Face a Decision on the Frequency of Housekeeping Post-Pandemic Published by: CoStar News/Hotel News Now/Michelle Russo and Jordan Bell As the hotel industry continues to recover from the ongoing COVID-19 pandemic, there will almost certainly be opposing views on which pandemic-related service adjustments will have future staying power. Many in the industry no doubt

H&LA’s recent research for a project in Sunland Park, New Mexico 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 Sunland Park, nearby El Paso, and the surrounding areas in 2021 and beyond. On-going pandemic concerns may alter timelines

After securing $60 million in financing, Wild Rivers waterpark in Irvine, California is set to make its comeback some time in 2022. Congrats to our client, Mike Riedel of Wild Rivers on this exciting development! H&LA was pleased to work with Mike and his team and complete the feasibility study for the waterpark. We wish

Congratulations to our client, Honokea, for securing $95 million in revenue bond authority from the State of Hawaii for the Honokea Surf Village. The bill was approved by the Legislature and signed into law into law in June, 2021.  This bond bill authorizes State of Hawaii tax free revenue bond authority as a financing tool