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

H&LA is pleased to be working with the City of Decatur, Illinois, on a highest and best use study of the Decatur Civic Center. Our study will analyze the historical performance of the Civic Center, which includes a theater, meeting space, ice arena, and municipal offices.  It regularly hosts hockey-related events, trade shows, exhibit events

Published by: Hotel Online Published Date: June 2021 U.S. hotel occupancy reached its highest weekly level since early November 2019, according to STR‘s latest data through 12 June. 6-12 June 2021 (percentage change from comparable week in 2019*): Occupancy: 66.0% (-10.3%) Average daily rate (ADR): US$125.16 (-7.0%) Revenue per available room (RevPAR): US$82.65 (-16.6%) While

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

Published by Susan Glaser, cleveland.com Published date: May, 2021 CLEVELAND, Ohio — Megan Harnar, the human resources manager at the Westin Cleveland Downtown, doesn’t mind occasionally cleaning toilets at the hotel. It’s a reminder that she’s still employed in an industry that has been devastated by the coronavirus pandemic. This past weekend provided a glimpse