H&LA Senior Associate, Stephen Szczygiel, weighed in with Hotel News New about the return of group business. Family reunions and weddings are driving demand with small hotels benefitting from small groups. Published by: Laura Koss-Feder/Hotel News Now Published date: April 2024 There’s no stopping weddings and reunions, and hotels of all sizes are poised to

It’s always great to see when a project we worked on starts taking shape. Here’s to hoping a suitable site is found in DC for this exciting development by Therme! Published by: DCist/Martin Austermuhle Published date: May 2023 D.C. officials on Thursday said that almost 21 million domestic tourists visited D.C. in 2022, a 10%

Ohio has a new largest hotel after the Hilton Columbus unveiled its 463-room expansion, taking the room count to over 1,000 rooms. H&LA’s David Sangree weighed in for this article about the Hilton Columbus, indicating the hotel may struggle in its first year due to adding so many rooms in a market that is

David Sangree, MAI, CPA, ISHC had the opportunity to attend the NYU International Hospitality Industry Investment Conference on June 6-7 at the New York Marriott Marquis. The following are some key highlights from the conference. ADR growth: The growth in ADR in 2022 has exceeded everyone’s projections for the industry. The actual ADR is above

H&LA’s Stephen Szczygiel attended the 2022 Hunter Hotel Investment Conference, which presented outlooks from some of the largest operators, financiers, and other industry leaders. In a pleasant change from prior years, while the industry grappled with the fallout from the COVID-19 pandemic, the great majority of these perspectives were bullish on recovery. Key takeaways regarding

Post-pandemic, hotels look to attract lost group demand

As U.S. hotels continue to recover from the devastating effects of the pandemic, leisure travel has been a boon for the industry. Recent studies, in fact, suggest that leisure travel will reach prepandemic levels in 2022. However, not all hotels cater to the leisure segment, leaving a large swath of properties that cater to group

CoStar News is reporting that after sharp declines in 2020, revenues at luxury hotel spas are making a comeback. Published by: Jan Freitag/CoStarNews Published date: April 2021 As leisure travelers take to the sky and the roads again, high-end hotel spas are experiencing something of a renaissance. The COVID-19 pandemic that devastated the hotel industry

What Drove Hotel Values to Decline in 2020?

The once-in-a-century pandemic has caused hoteliers to endure a firestorm that decimated the hotel and leisure industries. The growing COVID-19 cases across the U.S., as well as government restrictions on travel that further stress demand, continue to leave the hotel industry significantly behind pre-pandemic levels in terms of revenues, profitability and valuations. Gateway cities such

As Hotel News Now reports, hotel transactions are expected to pick up in 2021 after decreasing dramatically in 2020 in response to the pandemic. Published by: Dana Miller/Hotel News Now Published date: February 2021 After a dour 2020, the pace of deals in the U.S. hotel industry is expected to pick up this year, even

Hotel performance is projected to ramp up in 2021 from historic lows. But what does 2021 have in store for hotel financing? Published by: Brian Holstein/Hotel Online Published date: January 2021 Positive Big Picture It is obvious that hotel operating performance will be much better in 2021 than 2020.  It is, perhaps, less obvious that

Top 10 hotel trends in 2020: Are they here to stay?

Back when we were all naïve enough to think that 2020’s biggest headache would be a seemingly endless year of political campaign ads, hotels and resorts in the U.S. were poised to enjoy the fruits of a robust economy. But the onset of the COVID-19 pandemic threw the industry into chaos, forcing hotels and resorts

As H&LA keeps abreast the continually changing impact of COVID-19 on the economy in general and hospitality sector in particular, we are sharing insights from industry experts and stakeholders with our clients and partners. Hotel News Now is reporting that while the U.S. hotel industry at large can recover and thrive following a recession, that

As H&LA keeps abreast the continually changing impact of COVID-19 on the economy in general and hospitality sector in particular, we are sharing insights from industry experts and stakeholders with our clients and partners. Recent CBRE projections indicate that the U.S. hotel industry is poised to begin a multiyear recovery in the third quarter. Published

Hotel Feasibility Study Methodology

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

As COVID-19 continues to hammer the hospitality industry, hotel F&B outlets are also continuing to adapt. This latest Hotel News Now article, which includes insights form H&LA’s David Sangree, reports that Food-and-beverage outlets have changed their layouts, enacted new protocols and scaled back the once-popular communal dining trend. Published by: Laura Koss-Feder/Hotel News Now Published