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https://hladvisors.com/lodging-industry-update/
Cleveland Research Company provides real time, up-to-date statistics on the state of the lodging industry in the wake of the global pandemic that is rocking the industry. Key Points of their latest update: Hotel demand continues to fall, with anticipated RevPAR declines accelerating in the last few days. What began with Group cancels and corporate
https://hladvisors.com/hla-conference-news/
H&LA Conference News: H&LA’s Joseph Pierce, MAI and Stephen Szczygiel are attending some exciting industry conferences in March! Joseph is attending the Hunter Hotel Investment Conference in Atlanta, March 18th -20th. Stephen is attending the National Indian Gaming Association Conference in San Diego, March 24th – 27th. Joseph Pierce, MAI Director of Appraisal & Consulting Services 216-810-5803 If you are
https://hladvisors.com/after-a-decade-of-growth-and-recovery-whats-next/
Looking back at the past always helps to give an indication of what the future may hold. The hotel industry has shown tremendous growth in all metrics since 2009. Forecasts show occupancy levels starting to decline while demand and supply level and ADR will grow. The consolidation of brand companies and new brand offerings that
https://hladvisors.com/tracking-the-impact-of-corona-virus-on-travel/
As the Corona virus (COVID-19) continues to spread across the globe, it’s important to understand how this will affect the travel and hospitality industries. STR and Hotel News Now are doing a great job of monitoring and reporting on impacts and implications to the industry. Their analysis takes into account performance measures, forecast, earnings, and
https://hladvisors.com/hla-gets-a-sneak-peak-at-dreamworks-waterpark/
H&LA’s Nuresh Maredia had the opportunity to visit Make A Splash DreamWorks Waterpark at the American Dream Mall in East Rutherford, New Jersey this week, taking in all the sights of this sprawling property with more than 40 waterslides and 15 DreamWorks character themed attractions. At 8.5 acres, it will be the largest waterpark in
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
