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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

H&LA’s Nuresh Maredia had the opportunity to visit Make A Splash DreamWorks Waterpark at the American Dream Mall in East Rutherford, New Jersey this week, taking in all the sights of this sprawling property with more than 40 waterslides and 15 DreamWorks character themed attractions. At 8.5 acres, it will be the largest waterpark in

2020 will be a big year for waterparks as construction is underway on a brand new, 223,000 square foot Kalahari Resort in Round Rock, Texas. The resort will come in at $550 million for construction, sit on 350 acres of land, and will be the largest indoor waterpark resort in the U.S. Check out some renderings of

Congratulations to our client, the city of Little Elm on breaking ground on the new 42,000 square foot The Cove at the Lakefront waterpark. The Cove will feature a double FlowRider indoor wave surfing machine, slides, an activity pool, two lap lanes, a large play structure, and a splash pad. H&LA completed the feasibility analysis

H&LA’s recent research for a project in the Lehigh Valley area of Pennsylvania 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 Lehigh Valley area in 2020 and beyond. In 2019, Site Selection magazine ranked the Lehigh Valley

Supported by lower interest rates, transaction activity held up during a year of uncertainty. This article addresses recent trends in hotel sales and capitalization rates, the course of hotel values since the last downturn, and the outlook for 2020. Published by: Suzanne Mellen/Hotel Online Published date: January 2020 Despite increasing concerns about a global economic

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