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H&LA’s recent research for a project in Newport, Kentucky 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 Newport area in 2019 and beyond. In 2018, the Newport on the Levee retail/entertainment complex was sold to Cincinnati-based North
H&LA’s David Sangree gave some great insight on the waterpark industry for an article in the Chicago Tribune about Blackstone Real Estate Partners IX, an affiliate of Blackstone Group, acquiring a 65% stake in the waterpark operator from owner Centerbridge Partners. Together, they will create a $2.9 billion joint venture to own Great Wolf Resorts.
Published by: The Real Deal Real Estate News Staff Published date: October 2019 CoStar Group, the $22 billion giant most known for its data on office and retail properties, is making a big push into the hotel industry by acquiring one that industry’s largest research and analytics firms. CoStar has agreed to acquire Tennessee-based STR in a
H&LA’s David Sangree and Adam Zarczynski are headed to the the 2019 World Waterpark Association Symposium and Tradeshow in Orlando, Florida October 7th-10th. David will be presenting once again at the Waterpark Design, Development, and Expansion Workshop on Monday, October 7th. He will discuss the methodology of waterpark feasibility studies. If you’re attending WWA and would
Aquatics International published an article on the state of the waterpark industry, quoting H&LA President, David Sangree. The article highlights the economic market conditions that have opened the way for waterparks to thrive, while designers and manufacturers draw in visitors by enhancing the customer experience. Published by: Rebecca Robledo/Aquatics International Published date: September 2019 Like just
Great HNN article on hotel owners ability to roll with whatever economic cycle comes their way. Published by: Stephanie Ricca/Hotel News Now Published date: September 2019 VIENNA—As the hotel industry cycle turns, owners are turning their thoughts to performance, labor and management issues, focusing on strong foundations to maintain strength in a changing environment. Owners
In the span of only a few years, the immersive entertainment concept has taken much of the attractions world by storm. A relatively new phenomenon, it has quickly moved into the mainstream, covering everything from immersive art installations and virtual reality to escape rooms and fully-themed immersive parks. What connects all of these experiences is
H&LA’s David J. Sangree, MAI, CPA, ISHC is attending the National Park Hospitality Association Fall 2019 meeting in Estes Park, Colorado September 16th-18th. The meeting will include discussions of key issues ranging from NPS Concessions Program “fine-tuning” to preparations for any federal funding interruptions.
Congratulations to our client, Montgomery Area Chamber of Commerce, on the plans to begin construction on a $40 million dollar whitewater park that will include an Olympic-sized whitewater course. We were honored to be a part of this project in preparing the waterpark feasibility study and we wish Montgomery County the best of luck as
More interesting insights from the Hotel Data Conference on the top 25 U.S. hotel markets in terms of supply and what to expect in the future. Published by: Danielle Hess and Dan Kubacki/Hotel News Now Published date: August 2019 Supply growth has taken a toll on some top 25 markets, while factors in some markets beyond the