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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
- Honokea secures $95M in Revenue Bond Authority from the State of Hawaii for the Honokea Surf Village
https://hladvisors.com/honokea-secures-95m-in-revenue-bond-authority-from-the-state-of-hawaii-for-the-honokea-surf-village/
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
https://hladvisors.com/hla-to-study-possible-uses-for-the-decatur-civic-center/
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
https://hladvisors.com/u-s-hotel-occupancy-reached-highest-weekly-level-since-early-november-2019/
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
