H&LA’s David Sangree got the opportunity to weigh in for an article in the Times Herald-Record on the challenges for Legoland’s owner Merlin Entertainment in the wake of the COVID-19 pandemic that is challenging leisure attractions worldwide. Published by: Daniel Axelrod/Times Herald-RecordPublished date: May 2020 Legoland New York’s parent company is in survival mode, recently

Many thanks to the Ohio Travel Association for the opportunity to have a Q&A session on some of the effects on the travel and tourism industry from the COVID-19 pandemic. H&LA’s David Sangree answered some thoughtful questions and give his insights into what we can expect for some important tourism industries as the country slowly

As H&LA keeps abreast the continually changing impact of COVID-19 on the economy in general and hospitality sector in particular, we are sharing insights from industry experts and stakeholders with out clients and partners. The following whitepaper from Thinkwell Group discusses the challenges owners and operators of theme parks, entertainment venues, and family entertainment centers

Congratulations to our client, Mike Reidel and Wild Rivers, for the lease agreement with the city of Irvine to develop and reopen Wild Rivers Waterpark at the Orange County Great Park. According to the lease terms, the city will receive 4.5% of the park’s annual gross revenue as a lease payment, and if the park

As we keep abreast the continually changing impact of COVID-19 on the economy in general and hospitality sector in particular, the following article from NBC News discusses the possible changes in hotels stays as a result of the virus. Many hotel experts predict drastic changes in the coming months, prompting many properties to embrace a

As we keep abreast the continually changing impact of COVID-19 on the economy in general and hospitality sector in particular, the following article discusses whether or not U.S. theme parks will open this summer amid further pandemic fears and stay-at-home orders. While most year-round attractions are closed, it remains to be seen whether the seasonal

In response to the COVID-19 pandemic, which has caused most waterparks and amusement parks to close or delay their seasonal openings, many operators are offering incentive for guests. One such operator is Schlitterbahn, who is extending their 2020 season passes to cover the 2021 season. We expect many parks and operators will offer similar perks

As we keep abreast the continually changing impact of COVID-19 on the economy in general and hospitality sector in particular, the following Barron’s article details comments from James Hardiman, who covers leisure stocks for Wedbush Securities. He spoke about whether regional theme parks and cruise lines can survive and the long-term outlook for travel industry.

As we keep abreast the continually changing impact of COVID-19 on the economy in general and hospitality sector in particular, the following HVS report details some of the unprecedented impact on hotel owners, operators, and investors. Published by: Anne. R. Lloyd-Jones, Suzanne R. Mellen, and Tanya J. Pierson (HVS) Published date: April 2020 The COVID-19

Great article from the BBC News Toronto on Whitewater West’s Geoff Chutter. Geoff opened Canada’s second waterpark in British Columbia, Canada in 1980. Fast forward 40 years, and Geoff’s business – Whitewater West – is today the world’s largest designer and manufacturer of water parks. H&LA’s David Sangree was honored to contribute a quote for

Great insight in to things to come in the economy in 2020 as we continue to experience fallout form the coronavirus across all segments. CBRE states that according to Oxford Economics, the U.S. economy is already in a recession. Oxford predicts that, “the coronavirus pandemic will lead to a profound, pervasive, and persistent, but not

As COVID-19 continues to spread, hoteliers have instituted new health and safety protocols as part of ever-evolving operating procedures to help their employees and guests. Check out the latest Hotel News Now article that discusses the additional measures being taken to combat coronavirus. Published by: Laura Koss-Feder/Hotel News Now Published date: March 2020 While many

Cleveland Research Company provides real time, up-to-date statistics on the state of the lodging industry in the wake of the global pandemic that is rocking the industry. Key Points of their latest update: Hotel demand continues to fall, with anticipated RevPAR declines accelerating in the last few days. What began with Group cancels and corporate

H&LA Conference News: H&LA’s Joseph Pierce, MAI and Stephen Szczygiel are attending some exciting industry conferences in March! Joseph is attending the Hunter Hotel Investment Conference in Atlanta, March 18th -20th.  Stephen is attending the National Indian Gaming Association Conference in San Diego, March 24th – 27th.   Joseph Pierce, MAI Director of Appraisal & Consulting Services216-810-5803If you are attending The Hunter

As the Corona virus (COVID-19) continues to spread across the globe, it’s important to understand how this will affect the travel and hospitality industries. STR and Hotel News Now are doing a great job of monitoring and reporting on impacts and implications to the industry. Their analysis takes into account performance measures, forecast, earnings, and