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• Hotel occupancy is up, and so are overnight rates, in downtown Cleveland and across the region

  https://hladvisors.com/hotel-occupancy-is-up-and-so-are-overnight-rates-in-downtown-cleveland-and-across-the-region/

  Published by: Cleveland.com/Susan Glaser Published date: January 2024 CLEVELAND, Ohio – Cleveland-area hotels have almost fully recovered from the pandemic, at least by one important metric – the percentage of rooms that are filled on an average day. Hotel occupancy rates in Greater Cleveland averaged 60.5% in 2023 – nearly identical to the 60.7% rate

• H&LA Development Update – Grand Rapids, Michigan

  https://hladvisors.com/hla-development-update-grand-rapids-michigan/

  Our recent research for a project in Grand Rapids, Michigan revealed some exciting new hospitality-related developments happening in the area. These developments will have an impact on tourism, employment, and the general economy in Grand Rapids and the surrounding areas in 2024 and beyond. Groundbreaking for a new 12,000-capacity amphitheater in downtown Grand Rapids is

• An Inside Look at Palm Springs Surf Club

  https://hladvisors.com/an-inside-look-at-palm-springs-surf-club/

  H&LA’s David Sangree visited the Palm Springs Surf Club in January of 2024 and was very impressed with the quality of the offerings of the redeveloped Wet ‘n Wild Palm Springs waterpark. Unfortunately, the surf pool, lazy river, and slides were not operational on the day of his visit as they were still tweaking the

• U.S. hotel lending likely to get more challenging

  https://hladvisors.com/u-s-hotel-lending-likely-to-get-more-challenging/

  Lending for U.S. hotels is likely to face challenges going into 2024 as rates remain high. Published by: Hotel Management/Esther Hertzfeld Published date: January 2024 While a potential economic slowdown will have impact throughout the hotel industry, one of the areas poised to see the biggest challenge is the hotel lending market, according to several

• Hotel Group Bookings, Revenue Ramp Up in 2024

  https://hladvisors.com/hotel-group-bookings-revenue-ramp-up-in-2024/

  Hotel News Now indicated larger meetings and events will be a factor in 2024 and it will impact bookings at hotels as revenues are expected to rise. Published by: Hotel News Now/Dana Miller Published date: January 2024 Group demand is coming back at a stronger clip in 2024, and for some hotel companies it’s shaping

• 2023: A Year of New Challenges and Opportunities for Hoteliers

  https://hladvisors.com/2023-a-year-of-new-challenges-and-opportunities-for-hoteliers/

  The hotel industry has moved on from many challenges that have plagued it since the COVID-19 pandemic, but new challenges and opportunities have presented themselves in 2023. Carrying on from 2022, markets continue to deal with the highest cost of debt in decades, but the fear of a recession has receded, and the possibility of

• WWA Presentation: Methodology for Waterpark and Resort Feasibility Studies

  https://hladvisors.com/wwa-presentation-methodology-for-waterpark-and-resort-feasibility-studies-2/

  David J. Sangree, MAI, CPA, ISHC and Stephen Szczgiel, CHIA attended the World Waterpark Association annual conference in New Orleans in October 2023. David and Stephen lead a session at the Waterpark Development and Design Workshop on how to perform a market feasibility study for a waterpark or waterpark resort. A copy of the presentation

• Atlanta CBD Hotel Submarket Continuing to Push Forward

  https://hladvisors.com/atlanta-cbd-hotel-submarket-continuing-to-push-forward/

  With the busiest airport in the world and a lower cost of doing business than peer regions, Metro Atlanta is the key inland distribution hub of the Southeast. Metro Atlanta is home to 17 Fortune 500 corporations like The Home Depot, Coca-Cola, Delta Air Lines, and UPS. It also sustains a diverse economy centered around

• US Hotel Lending Likely To Get More Challenging Than Other Real Estate in Short Term

  https://hladvisors.com/us-hotel-lending-likely-to-get-more-challenging-than-other-real-estate-in-short-term/

  Published by: Hotel News Now/Dana Miller Published date: November 2023 SAN FRANCISCO — Investors and lenders in the hospitality space often say one of two words: “strategic or selective,” according to Wells Fargo’s Mike Brown. Brown is managing director of real estate syndication at Wells Fargo Securities. During a lending panel discussion at the 2023

• See you at IAAPA!

  https://hladvisors.com/see-you-at-iaapa/

  David Sangree, Anne Gompel, and Adam Zarczynski are attending the International Association of Amusement Parks and Attractions Annual Expo from November 14-17 in Orlando. We’d love to hear from you! Visit H&LA at Booth 3042 in the Waterpark Pavilion area to discuss potential needs for market feasibility studies, appraisals, economic impact studies, or other consulting work. If you would like to