A hotel feasibility study is generally required by the mortgage lender or investor before a developer or organization is able to move forward with constructing a new hotel. Typically completed by an independent third-party consultant who specializes in analyzing hotel projects, a feasibility study determines whether a proposed hotel development is economically feasible and if
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
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
Michigan’s economy is growing again, and Grand Rapids is leading the way. Since 2009, Grand Rapids has had the fastest growing regional economy in the state, increasing 29.2% to $58 billion, according to Michigan-based Bridge Magazine. The Metro Grand Rapids area has also been recognized as one of the fastest growing economies in the country.
In a great presentation on waterpark and hotel feasibility methodology at the World Waterpark Association Annual Symposium and Tradeshow, David J. Sangree, MAI, CPA, ISHC laid out the basics about what to expect from a feasibility analysis and the steps taken to reach sound conclusions. David addressed the purpose of a feasibility analysis and the
This article was originally published by Hotel News Now. With the start of the new year, many of us take stock of where we are and what 2018 holds in store. The status of the U.S. hotel industry partly depends on the lens you’re looking through—whether you’re a franchise company, developer, owner, operator or investor.
Hotel News Now has an insightful first look at what the new U.S. tax policy just passed by Congress may mean for the hotel industry. Published by: Aran Ryan and Jan Freitag/Hotel News Now Published date: December 2017 Voting began in Congress this week on a Republican tax-overhaul bill that aimed to resolve the differences between its
Hotel feasibility and waterpark feasibility methodology was the topic of H&LA President, David J. Sangree, MAI, CPA, ISHC at the 2017 World Waterpark Association Annual Convention and Trade Show and at the Michigan State University’s School of Hospitality. David discussed the intricacies of determining feasibility for these complex assets. Click the link below to see