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https://hladvisors.com/americas-largest-waterpark-is-coming-to-texas/
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
https://hladvisors.com/little-elm-selects-name-after-breaking-ground-on-new-waterpark/
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
https://hladvisors.com/hla-development-update-lehigh-valley-pennsylvania/
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
https://hladvisors.com/hotel-values-moderate-cap-rates-stable/
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
https://hladvisors.com/hla-development-update-austin-texas/
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
https://hladvisors.com/do-dual-branded-hotels-outperform-single-branded-hotels/
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
https://hladvisors.com/hof-village-announces-21-million-renovation-to-upcoming-doubletree-by-hilton-hotel-in-canton-ohio/
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
https://hladvisors.com/downtown-cleveland-hotel-sells-for-28-2-million/
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
https://hladvisors.com/takeaways-from-iaapa-2019/
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
https://hladvisors.com/the-retailtainment-trend-no-signs-of-slowing-down/
The “Retailtainment” Trend: No Signs of Slowing Down as published by Park World Magazine, November 2019 By Nuresh Maredia It’s no secret that the face of retail is rapidly changing. America’s malls are facing the fallout from not just the rise of e-commerce but also an overabundance of retail space and changes in consumer behavior.
