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
H&LA’s David Sangree and Adam Zarczynski are headed to the the 2019 World Waterpark Association Symposium and Tradeshow in Orlando, Florida October 7th-10th. David will be presenting once again at the Waterpark Design, Development, and Expansion Workshop on Monday, October 7th. He will discuss the methodology of waterpark feasibility studies. If you’re attending WWA and would
Aquatics International published an article on the state of the waterpark industry, quoting H&LA President, David Sangree. The article highlights the economic market conditions that have opened the way for waterparks to thrive, while designers and manufacturers draw in visitors by enhancing the customer experience. Published by: Rebecca Robledo/Aquatics International Published date: September 2019 Like just
Great HNN article on hotel owners ability to roll with whatever economic cycle comes their way. Published by: Stephanie Ricca/Hotel News Now Published date: September 2019 VIENNA—As the hotel industry cycle turns, owners are turning their thoughts to performance, labor and management issues, focusing on strong foundations to maintain strength in a changing environment. Owners
H&LA’s David J. Sangree, MAI, CPA, ISHC is attending the National Park Hospitality Association Fall 2019 meeting in Estes Park, Colorado September 16th-18th. The meeting will include discussions of key issues ranging from NPS Concessions Program “fine-tuning” to preparations for any federal funding interruptions.
Congratulations to our client, Montgomery Area Chamber of Commerce, on the plans to begin construction on a $40 million dollar whitewater park that will include an Olympic-sized whitewater course. We were honored to be a part of this project in preparing the waterpark feasibility study and we wish Montgomery County the best of luck as
More interesting insights from the Hotel Data Conference on the top 25 U.S. hotel markets in terms of supply and what to expect in the future. Published by: Danielle Hess and Dan Kubacki/Hotel News Now Published date: August 2019 Supply growth has taken a toll on some top 25 markets, while factors in some markets beyond the
Executives from Hilton, Choice Hotels International and Chesapeake Hospitality at the Hotel Data Conference spoke about what goes into creating the guest experience and ways to encourage on-property spend. Published by: Dannielle Hess/Hotel News Now Published date: August 2019 The hotel industry is in an era where experience matters most to guests, which is why