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https://hladvisors.com/covid-discounts-never-materialized-for-hotel-investors-but-deals-remain/
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,
https://hladvisors.com/new-downtown-cleveland-hotel-projects-including-the-w-cleveland-and-62-million-renaissance-rebranding-signal-post-pandemic-optimism/
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
https://hladvisors.com/impact-of-whitewater-waterpark-equipment-on-hotels-and-resorts/
Over the past few decades, there has been a growing trend globally of hotels and resorts adding waterpark attractions and features. Some properties have added one or two slides, and some have built a substantial waterpark attached to the resort. H&LA conducted a study for WhiteWater, the leading global manufacturer and designer of waterpark equipment,
https://hladvisors.com/commercial-property-owners-seek-tax-relief-after-pandemic-challenges/
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
https://hladvisors.com/with-future-of-hotel-demand-uncertain-buyers-steer-clear-of-development-sites/
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
https://hladvisors.com/hla-development-update-st-george-utah/
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
https://hladvisors.com/the-rise-of-the-surf-park/
Surfing is one of the fastest-growing action sports in the world. People around the globe flock to the ocean to enjoy the beaches, relax, exercise and surf. Perhaps the largest impact on the surfing industry has come from the rise of surf parks. One of the great challenges for surfers across the world is access
https://hladvisors.com/what-is-the-staying-power-of-stayover-housekeeping-service/
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
https://hladvisors.com/hla-development-update-sunland-park-new-mexico/
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
https://hladvisors.com/new-wild-rivers-water-park-is-finally-a-go/
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
